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DfT covers Mersey crossing toll risk

­ROADS

21 March 2014
 

The Government is to cover any shortfall in toll revenues on Halton Council’s new Mersey Gateway crossing. 

The DfT’s announcement was followed this week by the Chancellor’s confirmation of a £270m guarantee to support the project. The Government will guarantee around 50% of the senior debt required to finance the project with the remainder being provided by the project finance market. 

Construction of the new 1km long, dual-three lane bridge linking Widnes and...

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