Hounslow Highways Services, a company owned 50% by VINCI Concessions (leader) and 50% by Barclays Infrastructure Fund, has finalised the financing for the project
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Hounslow Highways Services, a company owned 50% by VINCI Concessions (leader) and 50% by Barclays Infrastructure Fund, has finalised the financing for the project. Initial investment = £100 million (approximately €125 million) Financed by: * Bank loan of £88 million (approximately €110 million) with a maximum maturity of 24.5 years from BTMU, KfW and DZ Bank, * Equity: around £20 million (approximately €25 million) The total amount of the contract, including service and maintenance, will be in the order of £650 million (approximately €820 million). Construction, operation and maintenance will be assigned to Ringway, a subsidiary of Eurovia, itself a subsidiary of VINCI. These tasks will start in January 2013
List of the country updates
Country updates
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August 30, 2012
Laing O'Rourke has been eliminated from the bidding for the campus, leaving just BAM and Sir Robert McAlpine competing for the contract
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August 29, 2012
The University has named Balfour Beatty as preferred bidder
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August 29, 2012
All members of Isle of Wight council Cabinet voted in favour of the proposed 25 year highways PFI contract
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August 24, 2012
Waste management firm SITA UK and incineration specialist Wheelabrator have been named as the two bidders left in the running for the contract
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August 14, 2012
The consortium has reached financial close for the project
The consortium has reached financial close for the project. Aviva Commercial Finance is the senior lender
