HICL purchases PFI project from Balfour Beatty - UPDATE

HICL Infrastructure has completed the acquisition of a 50 per cent equity and loan note interest in the Tameside General Hospital private finance initiative (PFI) project from Balfour Beatty.

HICL Infrastructure has completed the acquisition of a 50 per cent equity and loan note interest in the Tameside General Hospital private finance initiative (PFI) project from Balfour Beatty.

The £78m project was sold for £16m, generating a gain on disposal of £9.0m for Balfour. It reached final close in September 2007 and is for a term of around 34 years.

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