Joint lead arrangers Bank of America (bookrunner) and Abbey National Treasury Services are preparing to launch the selldown of the £685m senior debt facilities for the Birmingham Northern Relief Road project which is being developed by special purpose vehicle (SPV) Midland Expressway Ltd. The deal is reckoned to be the largest Public Private Partnership (PPP) infrastructure project financed in the UK. The project involves the development of a 43km six lane motorway designed to relieve congestion on the M6 between junctions 4 and 11.
October 27, 2000
