View news from   +  advanced search
You are here: Home Data & People Deals Analysis A8 II: Cast a real shadow
Project Finance Copying and distributing are prohibited without permission of the publisher

A8 II: Cast a real shadow

15 July 2011

The A8 II was the first of the second round of German A-Models to close, and the first German motorway deal initiated after the financial crisis. The challenge on the A8 II’s immediate predecessor, the A5, was salvaging a pre-crisis deal in the months following Lehman’s collapse. The A8 II, by contrast, involved launching a deal in the midst of the crisis, and not knowing what state debt markets would be in when it was time to close the deal. The 30-year contract entails the upgrading and widening of a 58km stretch of the A8 between Ulm and Augsburg, and then its operation. The federal government collects tolls on heavy goods vehicles using the section, using the Toll-Collect system, and the state of Bavaria then compensates the project company according to levels of usage. Unlike the previous A Models, whereby payments to the project company varied according to each vehicle’s...

Most read in past 24 hours

  1. Western Wind buys Champlin/GEI pipeline

  2. SunEdison closes with NADB on Picture Rocks PV

  3. Rio Nogales sale pays down TPF's first lien tern debt

  4. Vancouver issues Kitsilano school RFQ

  5. Breeze 2 subordinated notes may force insolvency

  6. Transeuro closes debt, equity and convertible

  7. Henday NE bonds price below launch

  8. Surgil gas and chemicals debt signed

  9. Financial close on l'Erable wind farm

  10. Henday NE bonds launch

Popular Searches on PF

Upcoming Events

Change font size: Switch to default font size Switch to medium font size Switch to large font size
back to top

Home

Sectors

Data & People

My Account

Information

Event Diary


Deals Of The Year


Jobs


Directory


Supplements


Site Links


All material subject to strictly enforced copyright laws. © 2012 Euromoney Institutional Investor PLC.