The Aberdeen Western Peripheral Route project in Scotland reached financial close on December 12, 2014.
The new road comprises a 58km stretch of road which will offer improved travel in and around Aberdeen and the North East of Scotland.
The project uses the Non-Profit Distributing procurement model, an alternative to the Private Finance Initiative, and is being procured by Transport Scotland, Aberdeen City Council and Aberdeenshire Council.
In support of the Connect Roads consortium, comprising Balfour Beatty Investments, Carillion Private Finance and Galliford Try Investments, Operis completed a full model audit, including a tax and accounting review, prior to financial close. The lenders on this transaction included EIB, Allianz, Barclay, Royal Bank of Canada and Mitsubishi UFJ.