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Etihad raises funds tied to United Nations Sustainable Development Goals

Etihad Airways, the national carrier of the United Arab Emirates, has become the first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations.
Through a partnership with First Abu Dhabi Bank and Abu Dhabi Global Market, the airline will borrow 100 million Euros (AED 404.2 million) to support expansion of the Etihad Eco-Residence, a sustainable apartment complex for the airline’s cabin crew.
Adam Boukadida, Senior Vice President Treasury, Tax & Finance, Etihad Aviation Group, said the process to secure the loan hinged on a detailed international verification of the airline’s sustainability credentials. ....

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Mayor Lyn Hall comments on legal review of George Street Parkade cost overruns

Mayor Lyn Hall comments on legal review of George Street Parkade cost overruns
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Parkade cost hits $34 million; council demands answers

City administration was provided a detailed update from the developer in July 2018 with an updated cost estimate that put the cost at $20 million, instead of the initial estimate of $12.6 million, acting deputy city manager Ian Wells, said. The developer was given the go-ahead by city administration to proceed with the project at that time, Wells said.
The final cost of the project, including the replacement and relocation of aging water and sewer mains, came to more than $34 million, he said.
However, on March 11, 2019, city council was presented the preliminary budget of $12.6 million to approve, Wells wrote in his report.
On May 13, 2019, council approved changes to the city s Sustainable Finance Guidelines, which authorized the city manager to approve cumulative budget changes up to five per cent of the city s total operating budget, based on recommendations from city administration. That change allowed former city manager Kathleen Solits to authorize the budge ....

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