Decision details

Approval of the acceptance of the Interest Free Loan offer from Welsh Government

Decision Maker: Director of Planning, Transport & Environment

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

AGREED: that the £8,634,166 interest free loan agreement with Welsh Government for Phase 1 of the Cardiff Heat Network project, which will be on-lent from the Council to the SPV on back-to back terms be agreed and executed.

 

Reasons for the decision:

To allow the Council to proceed with the implementation of Phase 1 of the Cardiff Heat Network.

 

Publication date: 25/02/2021

Date of decision: 15/02/2021

Effective from: 09/03/2021