Transport for London (TfL) has launched its first bond issue as part of a programme to raise £2.9bn for capital projects. The issue is seen as a first step in an attempt to persuade the Treasury to give greater autonomy to TfL.
The Polish government is trying to push through a bill that will make it easier to set up publicprivate partnerships. This is despite a failed attempt to set up a PPP scheme for Warsaw metro. Poland is seeking private sector cash to modernise its infrastructure.