Five local authorities have been granted permission by the Government to borrow £275m from the Public Works Loan Board at a discounted interest rate to finance high value infrastructure projects. The successful bidders were: Calderdale Metropolitan Borough Council, Luton Borough Council, St Helens Council, Transport for London and the West Midlands Combined Authority. They will be able to borrow at a discounted interest rate of gilts +60 basis points. ...
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