Kier reaches financial close on Merseylink toll bridge project

31st Mar 2014 07:49

Construction and infrastructure firm Kier has said that its Merseylink consortium and the Halton Borough Council have reached financial close on the building of a new six-lane toll bridge over the River Mersey.Construction of the Mersey Gateway Project will now start immediately and the project will be operated and maintained for the next 30 years."This is a landmark infrastructure project which Kier and its consortium partners are proud to be involved in," said Haydn Mursell, Kier's Finance Director.He said that Chancellor George Osborne confirmed the government's support for the Mersey Gateway in this month's Budget statement, "recognising the huge economic, social and transport benefits that it will bring to the region".Kier Infrastructure is one of the three joint venture partners including Samsung C&T Corporation and FCC Construcción to work on the Mersey Gateway Project, which received preliminary support from the government back in 2006. Equity partners of the Merseylink consortium are Macquarie Capital Group Limited, Bilfinger Project Investments Europe Limited and FCC Construcción.BC