Financial close for Silvertown Tunnel
The RiverLinx consortium has reached financial close with Transport for London (TfL) on the £1 billion Silvertown Tunnel project.
The RiverLinx consortium comprises of Macquarie Capital, Cintra, Aberdeen Standard Investments, BAM PPP PGGM, and SK E&C. Its construction team of BAM Nuttall, Wayss & Freytag Ingenieurbau, Ferrovial Agroman and SK E&C will build the 1.4km twin-bore road tunnel under the River Thames by 2025.
Lenders for the project are Aviva, Credit Agricole, DZ Bank, Instituto de Credito Oficial, Korea Development Bank, KEB Hana, Export-Import Bank of Korea, Korea Trade Insurance Corporation, KfW IPEX-Bank, Nrinchunkin, Royal Bank of Canada, Samsung Life, Shinsei Bank, SMBC and Woori Bank.