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Council loans £5m to schools project

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Published Date: 19 November 2008
ABERDEEN City Council yesterday agreed to give a £5 million bridging loan to a construction consortium.
The group was behind the authority's ambitious school building scheme, thrown into chaos last month after it was revealed the £120 million project was being fully funded by a collapsed Icelandic bank.


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  • Last Updated: 18 November 2008 9:45 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

Richard Taylor,

Aberdeen 19/11/2008 07:11:10
Just gets worse for this calamity cooncil. Just where are they getting £5m from to lend for this project???

 

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