On 13 Feb, 20:22, (Neil Williams)
wrote:
Only in the sense that it'll cost them more overall. That doesn't
strike me as sensible in the slightest, just a typical piece of
modern-day short-termism.

The bit Paul left out addresses that:

"Additionally, the effective cost of finance
(approximately at London Interbank Offer Rate, LIBOR) compares
favourably
with other sources of funding used by TfL in the past - e.g.
borrowings from
the European Investment Bank or a capital markets bond issue."

What alternative are you suggesting would be cheaper?

U

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