Finance agency arranged 250m in loans

THE National Development Finance Agency (NDFA), set up to provide cheap sources of capital to local authorities, has arranged 250 million in lending in the past few months.

Set up last year, the NDFA said that in its first full year of operations it has advised six local authorities and state agencies on funding issues and had also arranged lending facilities for 250m out of projects worth 700 million.

It said that it was also providing financial advice on a further 20 projects with a capital value of 6 billion.