After months of protraction, one of the largest motorway financings in Eastern Europe - the A2 real toll road project - finally closed on 30 October 2000. The Eu235 million senior bank debt part of the transaction was lead arranged by Credit Lyonnais and Commerzbank for the Polish concessionaire Aut...
When the EIB director for Portugal announces the first EIB
subordinated/mezzanine debt programme through its new Structured
Finance Facility (SFF), and then concludes that Portugal (which has
received some serious EIB backing of late) is unlikely to benefit
because the current project process is...
PPP is no longer a UK bank-wagon and there is no shortage of PPP
activity outside the UK. Deals have been completed from Japan to
Sweden and Finland, and there are many new mandates shaping up
- 3 private DCMF toll roads under the auspices of the South African
National Roads Agency have either been completed or are in the
process of being completed. At present, a number of unsolicited
bids in respect of projects identified by the private sector have
been accepted by SANRA and it has...
The Italian project finance market is becoming more than just a tale of IPPs and CIP6 tariffs. With deregulation of the power market, an increasing need for spend on infrastructure, the explosion of the telecoms market and movement of Enel into new fields, the private sector is set to take on a new ...
Construction of the stand-alone fare-box monorail in Las Vegas, due to open in 2004, has started. A success here could set a precedent for the financing of future infrastructure deals across the US.
Syndication for the $650 million non-recourse bond financing, led by Salomon Smith Barney, closed o...
Financing the London Underground is rapidly turning into a case
study on how not to sell a deal to the private sector.
Toll roads have provided much of the thrust behind the momentum of
project financing in South Africa. The N4 West toll road is no
exception. The concession signed, on October 4, with Bakwena
Plantinum Corridor Consortium (BPCC), comprised of Murray &
Roberts, Hochtief subsidiary Concor Construct...
01 November 2000