I came across this article recently:
http://www.telegraph.co.uk/finance/newsbysector/transport/8933384/Local-councils-turn-to-the-bond-markets-to-pay-for-infrastructure-projects.html#disqus_thread
It will be interesting to see if many councils go down this route. It has attractions as it will enable capital schemes to proceed without making serious inroads into a Council's reserves. All it requires is a modicum of creative thinking. Ah well, sounded like a good idea.
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