- £150m (almost half the total cost of the scheme) for the M80 PFI scheme in Scotland
- £500m as a starter for the M25 widening, with possibly more to come.
It is not clear how these projects meet the EIB's objectives, but very clear how they meet the Government's political objectives. How much money is being laundered through the EIB to bail out the Government's favourite projects and corporate friends?
It seems I am not the first to notice that the EIB is being used primarily to bail out projects favoured by its shareholder-governments, most of which have little relevance to the supposed objectives of the bank. See CounterBalance and CorporateWatch.
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