UK’s £2bn loan scheme up and running

April 15, 2009 12:00 am

Financing has closed for the first project to use the UK Treasury’s newly created £2bn Infrastructure Finance Unit, designed to make up for shortfalls of private debt on infrastructure deals. The IFU has contributed £120m to the Greater Manchester Waste PFI, which has also secured £245m in funding from Bank of Ireland, BBVA, Lloyds Banking Group and SMBC. Will the facility unlock private funding? Read EuroWeek on Friday and more about the deal later today at www.euroweek.com/loans

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