Six banks have emerged as the senior lenders in a £2.9 billion financing package for the construction of the Thames Tideway Tunnel – one of the UK's biggest new infrastructure projects in years.

The UK's Lloyds Banking Group is one of those on the deal, alongside the Royal Bank of Canada, Crédit Agricole, Santander and two Japanese banks - SMBC, part of Sumitomo Mitsui Financial Group, and BTMU, part of the Mitsubishi UFJ Financial Group - according to a statement on August 24 from Bazalgette Tunnel Limited, the constructor of the tunnel.