December 2009

New infrastructure lending initiatives hit and miss 16 December 2009

Which government and multilateral responses to the credit crunch worked best? Which ones worked quickly enough? And which will remain features of infrastructure finance beyond the recovery? Tom Nelthorpe reports.

Legal and regulatory 16 December 2009

Land issues blight India's infrastructure plans

Portugal's roads programme goes on trial 16 December 2009

The Portuguese Accounts Court has added the Litoral Oeste and Algarve Litoral road concessions to its list of projects that have been preliminarily rejected ratifying visas. In total, the Court has now rejected five of the six financed new road concessions, with only one concession outstanding – Bai...

Windy Flats: Pre-pay power 16 December 2009

Cannon Power received a first tranche of stimulus grants for its Windy Point/Windy Flats phase II project in November. The $17.4 million grant, the first of a total of $170 for which Cannon has applied, follows Cannon's close in October of an amended and restated construction financing that allowed ...

Capital markets beat Banobras to Mexico's recovery 15 December 2009

Vanishing bank appetite stifled sponsor interest in Mexico's road concessions. But domestic capital markets look set to do more for the recovery than government initiatives. Tom Nelthorpe reports from Mexico City.