Quayle Munro, the independent merchant bank, was appointed as financial adviser to Halcrow Group Limited in August 2006, to prepare an Outline Business Case (“OBC”) as part of Halcrow’s appointment by the City of Edinburgh Council (“CEC”) to undertake a feasibility study on the redevelopment of Edinburgh Haymarket railway station and interchange.

The OBC was developed on a stand-alone basis as a summary of the project development and rationale, in order to provide a foundation for considering the funding requirements and procurement options associated with the proposals.  The OBC addresses the justification for the project, which will assist CEC in seeking funding for it.  Transport Scotland will consider funding of the project in their Strategic Transport Projects Review in 2008.  The OBC was finalised in April 2008.

Notes to Editors
Quayle Munro (www.quaylemunro.com) is an AIM-listed independent merchant bank, active in corporate finance (including equity and debt advisory), public finance, specialist fund management and investment on its own account.  The Group was co-founded in 1983 by its present Chairman, Ian Quayle Jones, and listed on the London Stock Exchange via an Introduction in 1993, transferring to AIM in 2003.  In July 2007 it acquired the corporate finance adviser, New Boathouse Capital, which was established by Peter Norris in 2000.  Peter Norris became Chief Executive of the Group at this time.  In April 2008, it also acquired the van Tulleken Company, the international corporate finance advisor to media and technology companies. With offices in London, New York and Edinburgh, the Group has an attractive spread of clients across sectors.