Originally Posted by
cavokblues
These plans are massive. Look at the road works, the proposed size of the terminal and the extension to DART. At today's prices this seems like it will easily top a £1 billion worth of investment to carry it all out.
I'm struggling to see how what is essentially public sector could possibly raise £1bn on its own without the explicit backing of HM Treasury or the Bank of England. I don't believe commercial banks or bond investors would accept the risk against the possibility of a s114 notice - the words "ultra vires" would scare many people off. Whole business securitisation of the future LTN fees is one enormous egg in a basket. Is there a plan to sell LTN long term as opposed to just temporary leases ?