Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Municipal bonds agency progresses

17 December 2014
 

A municipal bonds agency that would finance local transport and other infrastructure projects in England could be launched next spring. The Local Government Association’s proposed agency will trade as the Local Capital Finance Company Ltd and aims to provide a competitor to the Public Works Loans Board, which currently provides 75% of all council long-term borrowing (LTT 27 Jun). Richard Paver, treasurer to the Greater Manchester Combined Authority, told councillors the company was...

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