Hounslow Highways Services, a company owned 50% by VINCI Concessions (leader) and 50% by Barclays Infrastructure Fund, has finalised the financing for the project
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
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