Victoria's desalination plant secures funding ...

AquaSure, a group of investors building Australia's biggest water desalination plant, agreed to a $1.7 billion loan to help fund the project, according to two people familiar with the matter.

Banks offered to lend more than AquaSure sought, meaning the Victoria state government won't need to make up a shortfall, said the people, who asked not to be identified as they're not authorized to discuss the matter. National Australia Bank and Westpac managed the syndication, they said.

See - SMH - Desal plant secures funds; Vic govt off the hook.