LONDON--(BUSINESS WIRE)--Citi, the global bank, has provided the first major corporate donation to the Garden Bridge Trust and will be its official banking partner, the UK registered charity overseeing the completion of the country’s first garden bridge announced today.
Citi will provide funding through a £3 million contribution that will help cover on-going running costs of the Trust until the bridge opens to the public in 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.
Citi’s donation will help ensure that all fundraising efforts conducted by the Trust over the next four years will contribute directly to the building of the bridge itself. It will also help maximise private sector funding of the project.
Lord Mervyn Davies, Chairman of the Garden Bridge Trust, said: “On behalf of the Garden Bridge I would like to thank Citi for their outstanding contribution to our charity. The Bridge will act not just as a new pedestrian crossing, but a public garden to be enjoyed by all. Citi is helping take us ever closer to reaching this goal.”
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.”
Notes to Editors:
About the Garden Bridge
London’s Garden Bridge will be a stunning new public garden and pedestrian crossing, spanning the River Thames, linking the South Bank to Temple station and beyond.
Designed by Heatherwick Studio and inspired by actress and campaigner, Joanna Lumley, the Bridge will provide a vital new route between north and south London and feature plants, trees, woodland and meandering walkways to be used and enjoyed by all.
Led by The Garden Bridge Trust, its ground breaking design will integrate a new kind of public space into the fabric of the city, adding to London’s rich and diverse horticultural heritage.
For more information on the Garden Bridge, visit www.gardenbridgetrust.com
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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