View news from   +  advanced search
You are here: Home DEAL ANALYSIS: Presidio Parkway
Project Finance Copying and distributing are prohibited without permission of the publisher

DEAL ANALYSIS: Presidio Parkway

22 July 2012

The $364.7 million second phase of the Presidio Parkway in San Francisco had to overcome several obstacles, not the least of them a November 2010 legal challenge.The Professional Engineers in California Government (PECG) launched a lawsuit against the California Department of Transportation’s decision to award the concession to Golden Link Concessionaire, a 50:50 joint venture of Hochtief PPP Solutions and Meridiam Infrastructure North America. A ruling against the award wouldn’t just cancel California’s first availability-based transport PPP, it would potentially prevent Californian governments awarding any other any other concessions, including at least five pending Los Angeles Metropolitan Transportation Authority PPPs.But a series of 2011 court rulings sided with Golden Link, affirmed California’s use of availability-based concessions, broke the legal logjam and allowed the two sponsors to reach financial close in June 2012, roughly three years after Caltrans first floated the PPP concession. Caltrans and the San Francisco County Transportation (SFCTA) are...

Latest Deals Database updates

Mollo Hydroelectric Project Update date 19/06/2013
Sector Renewables > Small hydro
Country Latin America > Peru
Total Debt Loan Amount
Status Preferred bidder
Cavite-Laguna Expressway Update date 19/06/2013
Sector Transport > Highway maintenance
Country Asia > Philippines
Total Debt Loan Amount
Status Tender launched
Taranto Power Plant Update date 18/06/2013
Sector Power > Gas-fired, IPP
Country Europe - EU > Italy
Total Debt Loan Amount $m520
Status Financial close

Most read in past 24 hours

  1. AXA launches infrastructure debt group

  2. InterGen closes refinancing

  3. AES Gener nears launch with Alto Maipo

  4. Dow and Aramco sign on Sadara

  5. Costs rise at Rio Tinto's Simandou iron

  6. Odebrecht postpones drill-ship bond issue

  7. Isolux, Enex and Engevix win Mollo hydro

  8. Thameslink nears close

  9. US power's leveraged lease dilemma

  10. Samsung picks EPC for Grand Renewable PV

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. © 2013 Euromoney Institutional Investor PLC.