Liverpool Library
Liverpool Library
The project involved the refurbishment of three existing historic library buildings and the demolition and construction of a new main library and archive complex, now known as Liverpool Library
About
The refurbishment of Liverpool Library became operational from January 2013.
Careful refurbishment was needed to preserve existing aspects of the library, which is more than 150 years old.
The library houses about half a million books and about four million archived items on a total of 35 km of shelving.
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Shepherd Construction provided construction services, the architects were Austin Smith and Lord and Equans provides facilities management for the development.
Why we invest in PPPs
PPPs provide much needed critical infrastructure often replacing older public sector properties with new state of the art facilities operated by experienced facilities management contractors. The investments provide stable long-term, index-linked cash flows backed by high quality public sector counterparties.
- Stable income from high quality counterparties: The investment companies receive availability-based revenues from public sector counterparties
- International delivery model: INPP has invested in PPP assets in Australia, Canada, New Zealand, Europe and the UK
- Long-term, predictable cash flows: PPP concessions will typically last for between 25 and 35 years
- Risk transfer: Construction and operational risks are transferred to investment company’s supply chain partners
- Inflation-protected revenues: Revenues are generally inflation-linked and indexed to local inflation measures, such as the UK’s Retail Price Index (‘RPI’)
- Critical infrastructure: INPP’s PPP investments deliver much needed critical infrastructure to the public sector, supporting local societies and communities across our key geographies
Sustainable Development Goals (SDGs)
2030 Agenda for Sustainable Development adopted by UN Member States in 2015
SDGs supported: