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Article: Australia : Funding for Melbourne desalination tied up, says report.

Article from:
TendersInfo
Article date:
November 7, 2009
Copyright

Byline: datta03

Despite previous pessimistic media speculation, it appears that the consortium building the Melbourne desalination plant have been offered more funding than they actually need for the project, avoiding the need for any public money.

According to Bloomberg.com, the AquaSure consortium, Suez Environnement/Degremont, Thiess Pty and Macquarie Group, agreed to a Aus$ 1.7 billion (US$ 1.5 billion) loan to help fund the project. National Australia Bank Ltd and Westpac Banking Corp managed the syndication, said Bloomberg's sources.

AquaSure won a Victoria state government contract in July to build the desalination plant. The consortium ...

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