city Manchester covid-19 outbreak Coronavirus city Manchester

Trafford Council lends Manchester Airport nearly £13m as part of major loan package

Reading now: 961
www.manchestereveningnews.co.uk

Trafford Council has given £12.95 million to Manchester Airport through borrowing. As part of a £260 million investment by all ten Greater Manchester councils made earlier this month, the council’s share of that investment was approved at an executive meeting.

In total, Trafford Council gave £12.95 million to the group as the airport is “a major generator of income” for both the authority and the area to support it through the coronavirus outbreak and its immediate aftermath.

At the executive meeting where the amount was agreed, it was also decided that the source of those funds would be through shareholder prudential borrowing.

Read more on manchestereveningnews.co.uk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA