7 September 2012 Last updated at 08:47 ET

'Borrowing of £500m' possible says Aberdeen City and Shire Economic Future

Aberdeen Exhibition and Conference Centre [Pic courtesy of Aberdeen Exhibition and Conference Centre] The AECC could have upgrades by using the borrowing

Up to £500m could be borrowed to pay for infrastructure improvements in the north east of Scotland, it has been claimed.

Development body, Aberdeen City and Shire Economic Future (Acsef), said government-backed bonds could help deliver a planned energy corridor and transport improvements.

It could also fund upgrades to Aberdeen Exhibition and Conference Centre.

Aberdeenshire Council has also outlined its commitment to economic growth.

Capital spending of £400m is planned.

This includes road improvements and new schools in the next four years.

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