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...