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Manchester waste PFI to get £200m from European Investment Bank

The European Investment Bank is lending £200 million to the Greater Manchester Waste Disposal Authority to secure its multi-million pound private finance initiative deal with Viridor/Laing.News of the funding was reported by Project Finance, which also said the four commercial banks backing the £750 million deal had received credit committee approval.Under the agreement, Bank of Ireland, Lloyds TSB, BBVA and SMBC will provide the remaining ...