Citi has donated £3m to the Garden Bridge Trust and will be its official banking partner.
The trust is a charity overseeing the development of the UK’s first garden bridge, which has been designed by Heatherwick Studio. The bridge is designed as a walk through a wooded park, with flowers, shrubs and trees.
Citi’s donation will help cover running costs of the Trust until the bridge opens to the public, which is planned for 2018. It is providing banking services and financing advice and will also partner with the trust to raise further substantial donations through its network of international corporate and private clients and staff fundraising activity.
James Bardrick, head of Citi in UK said: “From financing the first transatlantic telephone cable to the space shuttle, Citi has a 200 year history of working with individuals, institutions, and governments who have a vision of progress. We believe The Garden Bridge is a fantastic example of innovative city thinking that will help keep London at the forefront, enhancing quality of life and stimulating tourism and regeneration. It is a project that will make a meaningful difference to London and the UK and we’re proud to be playing our part in getting this wonderful bridge built.”