
Earlier this month HM Treasury announced that the Government is setting up a fund to co-lend to PFI projects which, on account of the current economic crisis, are unable to raise sufficient debt finance on acceptable terms and for the necessary term. Patrick Boyle provides further details.
See HM Treasury press release on new infrastructure investment fund.
If you would like to discuss any of the points raised, please contact Patrick Boyle or your usual Ashurst contact.
For all the latest resources on the credit crunch visit www.ashurst.com/creditcrunch