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North American PPP Deal of the Year 2007
01 February 2008
Read more:
[A25]
[quebec]
[ppp]
[project finance]
[highway]
A25 Québec: Strong and silent
Macquarie Infrastructure Partners closed the financing for its C$554 million ($538 million) Autoroute-25 road concession in Québec on 13 December 2007. The deal is the first toll road in the Canadian province, as well as its first public-private partnership (PPP). It is Macquarie's first PPP deal in Canada since the Sea-To-Sky project in British Columbia, which closed in June 2005.
Partenariats Public-Privé du Québec, the province's agency for delivering PPP projects, advised the province's Minstry of Transport when it awarded the 35-year concession in September 2007 to Macquarie's Infras-Québec A25 consortium.
Société Générale was mandated lead arranger on the C$270 million ($297 million) term loan, for which it launched syndication at a bank meeting in New York on 28 October 2007, and brought in 12 sub-underwriters, with the syndication twice oversubscribed. The participating banks are Bank of Scotland, National Bank of Australia, Bank of...
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