Tube financing to be revealed

The two civil engineering groups hired to work on the London Underground may reveal details this week of how they intend to raise the £7.5bn (€12bn) needed to rebuild the system over the next eight years.

The financing of the two consortia is expected to be the largest ever in Europe for a formerly public-funded business. The parties involved are yet to describe how the funding will be divided up among equity, bank loans and bond issues.

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Venture Debt Firms Tilt Toward Mature Companies