UK infrastructure guarantee gets good start on Mersey bridge bond

Mersey Gateway artist's impression for new website
By Jon Hay
03 Apr 2014

Merseylink, the consortium building the Mersey Gateway bridge near Liverpool, became last Friday (March 28) the first borrower to benefit from the UK government’s Infrastructure UK guarantee on a public, listed bond issue. It was also the guarantee’s first use on a project financing and on a public-private partnership.

The coalition government has promised to give £40bn of guarantees for infrastructure financings by 2016, a remarkably generous allocation to a market that has in recent years managed without such guarantees.

One of the first projects to be announced as seeking to use the guarantee, the new £16bn ...

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