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Europe Daily Bulletin No. 9908

27 May 2009
Contents Publication in full By article 15 / 27
GENERAL NEWS / (eu) eu/eib/united kingdom
£400 million M25 motorway widening project

Brussels, 26/05/2009 (Agence Europe) - The European Investment Bank (EIB) has just signed a £400 million (€453 million) to help finance the M25 DBFO project - the widening of the M25 motorway.

The project will be managed by the special purpose Public Private Partnership (PPP) vehicle Connect Plus on behalf of the Highways Agency. The EIB loan, which will consist of GBP 185 million direct lending and a further GBP 215 million which is counter-guaranteed by the commercial banks in the...

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THE DAY IN POLITICS
GENERAL NEWS