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All in the remix
The Triangle Expressway reopened the bond market for greenfield toll roads. It might even highlight a viable PPP alternative. Tom Nelthorpe reports
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Canada drought
Canada's provinces, once confident of sailing through the credit crunch, are adapting painfully to the new PPP reality. Can they keep sponsors and lenders happy while sticking to their own affordability rules? Tom Nelthorpe reports.
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Forward thinking
The I-595 financing was the first PPP to close in Florida, and took place against a difficult market background. It also contained many of the measures that will be needed to close deals in the current climate. By Betty Cerini, partner, and Amanda England, associate, Dewey & LeBoeuf LLP.
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Moving US PPP forward
Setbacks have roughly kept pace with advances in the development of the US PPP market. States' need for new infrastructure funding may leave the failures far behind. By Robert Gibbons, partner, and Michael McGuigan, associate, Debevoise & Plimpton LLP
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Re-berth
The slowdown in global trade has meant lean times for port operators. But interest in PPPs for port facilities in the US remains high. By Joseph Seliga, partner, Mayer Brown LLP
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Spanish impositions
Despite several setback, Spanish infrastructure developers have emerged from the global financial crisis in a stronger position than other PPP sponsors in the US market. Nick Lord looks at how they have adapted.
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Tighter times
Bank market terms have eased a little in recent months,
but remain restrictive for even the best North American borrowers. A look at the current market standards from Peter Manis, managing director and head of infrastructure for North America at Calyon.
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