Build Scotland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
10/01/2017

Council Leader Opens London Stock Exchange

Construction News Image
Aberdeen City Council leader Jenny Laing has opened the London Stock Exchange today, 10 January.

The local authority leader led proceedings after the council raised £370 million through issuing bonds in November, becoming the first Scottish council to ever do so.

The funding will support a £1 billion capital works programme, featuring major investment projects such as the City Centre Masterplan and the new Aberdeen Exhibition and Conference Centre.

Speaking at the ceremony, Ms Laing said: "It is a great honour for Aberdeen City Council to lead the market open at the London Stock Exchange.

-- Advertisement --
NorthernAsbestosServicesLtd

"The bond represents one of the most significant achievements in our Council's history . We became the first local authority in Scotland to turn to the markets in this way and the process underlines our commitment to innovation - not just in finance but in every aspect of what we do on a daily basis.

"The plans for the future are not only about bricks and mortar. Our Regional Economic Plan sets out a long term vision for internationalisation, investment, innovation and inclusive economic growth.

Nikhil Rathi, Chief Executive Officer of London Stock Exchange, added: "Becoming the first Scottish council to list a bond, Aberdeen City Council has taken the lead in accessing the capital markets to support Aberdeen’s future growth and development.

"We are delighted to welcome Aberdeen City Council to open trading today to celebrate their landmark bond listing."

(LM)

Latest Construction News

26/11/2024

Scottish Water has unveiled its largest-ever procurement initiative, aiming to modernise the nation's water and wastewater infrastructure while safeguarding the environment. The program, named Delivery Vehicle 4, is valued between £5 billion and £9 billion and is set to run from 2027 to 2033, with ...
26/11/2024

The City of Edinburgh Council has granted planning permission, subject to conditions, for the refurbishment of Calton Square, an office building currently occupied by Baillie Gifford until the end of December 2025. Promoted by Ardstone Capital on behalf of Manova Partners, the project aims to ...
26/11/2024

First Minister John Swinney, MSP for Perthshire North, praised the progress being made on the construction of the new Perth High School during a visit on Friday, 22 November. He was joined by Jim Fairlie, MSP for Perthshire South and Kinross-shire, alongside senior Perth and Kinross Councillors, ...
26/11/2024

A state-of-the-art playpark has officially opened at King George V Park in Bearsden, following the completion of a £100,000 refurbishment. Funded by a combination of East Dunbartonshire Council (EDC) Capital Funding and the Scottish Government’s Renewing Scotland’s Play Parks initiative, the ...
26/11/2024

Fife Council has launched a public consultation, inviting residents, businesses, and organizations to contribute ideas and propose sites for inclusion in the next Local Development Plan, known as Fife's Place Plan. The council is calling on community councils, landowners, and developers to share ...
26/11/2024

The Chief Executive of East Lothian Council has announced she is to retire in February 2025. Monica Patterson who has been Chief Executive for almost five years, has spent most of her professional career working in local government. Prior to joining East Lothian Council in 2010, she was Head of ...
25/11/2024

West of Scotland Housing Association (WSHA) and Connect Modular have jointly submitted a planning application to Glasgow City Council for the development of 33 affordable homes in Cowlairs. This project aligns with the wider Cowlairs Park regeneration scheme and the city's ambitious housing ...
25/11/2024

Arc-Tech (Scotland) has successfully completed a £6m Mechanical and Electrical (M&E) services package for the Lost Shore Surf Resort in Edinburgh. The state-of-the-art resort, which opened its doors earlier this month, features a range of amenities, including a wave pool, luxury lodges, and ...
25/11/2024

Scottish Water has successfully completed the construction of a groundbreaking hydro energy generation scheme at Whiteadder Reservoir in East Lothian. This innovative project, believed to be the first of its kind in Europe, will harness the power of water to offset a significant portion of the ...
25/11/2024

Work is set to commence on a £6.5 million project to upgrade the Double Dykes Gypsy/Traveller site near Perth. The initiative aims to replace outdated chalets with modern, energy-efficient accommodation and implement significant site improvements. Perth & Kinross Council secured £3.9 million from ...
RBT Underfloor LimitedMorris & Spottiswood LtdBairds Windows LtdP. McCann Landscaping & DrivewaysIMS Heat PumpsClaymore Training LimitedRural House LtdJames Smith Fencing LtdPower DoorsThe Human Touch Scaffolding Co Ltd
Terms and Conditions
2024/11/27 02:05:07