The Falkland Islands Government (FIG) has recently achieved a significant milestone by securing £150 million in funding for future capital investments. This funding will play a crucial role in supporting key projects, such as the replacement of FIPASS and the development of a new Power Station, which are vital infrastructure developments for the Falkland Islands.
Key Points:
- FIG successfully raised £150 million through a private placement, with support from Rothschild & Co.
- The investment includes £100 million from L&G and £50 million from Aberdeen Group PLC.
- The funding will be used for various critical projects over the next few years, focusing on infrastructure development.
- MLA Roger Spink, Portfolio Holder for The Treasury, highlighted the importance of this investment in advancing the Falkland Islands’ economy and infrastructure.
- Steve Bolton from L&G emphasized the significance of institutional investment in driving long-term projects with social and economic impact.
- Andrew Dennis from Aberdeen expressed their excitement in supporting FIG’s capital program and growth plans.
This successful fundraising effort reflects confidence in the Falkland Islands’ financial position and economic potential. By securing this investment, FIG can now move forward with essential infrastructure projects that will support continued economic growth and development in the region.
In conclusion, the Falkland Islands Government’s ability to secure £150 million for future investments marks a significant achievement. This funding will pave the way for essential infrastructure projects and contribute to the overall growth and prosperity of the Falkland Islands.
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