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December 2008
ACS has scored highest of the bidders for the pre-development agreement on the Mid-Currituck bridge
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Syndication of the 29-year Eu595 million ($796 million) debt and equity facilities backing the Eu650 million 30-year A1 Hamburg-Bremen toll road concession closed at the end of November. Five banks, including Deka Bank and Commerzbank, joined the mandated lead arrangers (MLAs) Unicredit/HVB, Caja Ma...
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If the Turkish government is serious about private infrastructure investment post credit crunch, Turkish concession agreements need to become bankable. By Ayesha Waheed, counsel at Latham & Watkins, and Erdogan Fidan, partner at Eryürekli & Fidan.
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Florida's first three PPP concessions have all suffered from the crunch, and its DOT wants to drop one of them. Will the Sunshine State keep its faith in PPP? Catherine McGuirk reports from Miami.
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The £1.4 billion ($2.08 billion) Balfour Beatty-led M25 London ringroad financing is officially meant to close in 2008, but the deal will not be out to market until 2009. Four coordinating banks – HSBC, Lloyds, Dexia and Barclays – have been appointed and are guiding a further 15 lenders into the pr...
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Financing for Portugal's next PPP highway under its new road programme, Baixo Tejo, will close at the beginning of January.
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The Portuguese roads sector continues to spawn deal closings, despite the liquidity crunch and bank angst over the future ownership of state-owned concessionaire Estradas de Portugal (EP).
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Morgan Stanley to go all-equity for Chicago meters
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The Asian Development Bank (ADB) has approved a $400 million multi-tranche roads financing for the Highlands region in Papua New Guinea
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Despite putting in a slightly higher bid than Strabag and Porr, Vinci Concessions and ABN Amro Highway private equity fund have been named
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The Skanska-led CTC consortium has closed the Eu1.07 billion debt financing for phase 2 of the A1 road concession
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The Brisa/Soares da Costa group has scored highest with its preliminary bid for the Poceirao to Caia section of the five-section Madrid to Lisbon high speed rail link
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Lead arrangers BNP Paribas, Caja Madrid, RBS and Société Générale held a bank meeting on Tuesday 9 December
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Florida Department of Transportation (FDoT) has withdrawn its support for the 35-year Port of Miami Tunnel concession
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The Portuguese roads sector continues to spawn deal closures despite the liquidity crunch
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The Bristish Columbia Ministry of Transport and Infrastructure is expected to announce its list of prequalified bidders for the South Fraser Perimeter Road concession
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The Jefferson Parkway Public Highway Authority (JPPHA) and the Colorado Department of Transportation (CDOT) are due to launch the procurement process for a concession
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Babcock & Brown is planning to transfer its interest in Port of Miami concession to Meridiam Infrastructure
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Sydney Airport has raised a A$776 million ($505 million) multi-tranche facility via a consortium of six mandated leads
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The financing backing the $5.25 billion expansion of the Panama Canal signed Tuesday, 9 December.
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The Autoridad del Canal de Panama's (ACP) debt financing for its expansion of the Panama Canal is due to reach financial close
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The government of Montenegro, with financial advisory from the IFC, is giving bidding groups for the Eu2 billion ($2.56 billion) 30-year Bar-Boljare motorway concession the option of only
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The City of Winnipeg's public works department has shortlisted three bidders for its Disraeli bridge
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Lead arrangers BNP Paribas, Caja Madrid, RBS and Société Générale are due to hold a bank meeting on Tuesday 9 December
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Texas Department of Transportation (TxDOT) received two bids for its North Tarrant Express concession
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The City of Chicago and the Chicago Park District have awarded a 75-year concession of the city's on-street metered parking to a consortium led by Morgan Stanley
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The internal fee generation machine that is Macquarie Infrastructure Group (MIG) has sold its 50% stake in the Westlink M7 Sydney toll road for A$805 million to Western Sydney Road Group (WSRG)
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Lekki Port has appointed Standard Chartered as financial adviser for a deep sea port project at Ibeju Lekki, Lagos
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November 2008
Syndication of the debt and equity facilities backing the Eu650 million ($828 million) 30-year A1 Hamburg-Bremen toll road concession has closed with five banks
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Strabag and Porr, with Macquarie advising, have put in the strongest bid based on NPV payments for the R1 availability-based motorway
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The December bidding deadline for the Gebze-Orhangazi-Izmir highway has been extended by four months by the Turkish transport ministry to give bidders
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Sponsors Navayuga Engineering and SEW Infrastructure have reached financial close on the debt backing their Rs7.9 billion ($160.4 million) 18 year PPP/BOT concession for the widening of the existing 82km road from Khalgat to Borghat
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The Eu765 million project financing backing the Douro Interior motorway project in Portugal has reached financial close.
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Syndication of the 13.5-year Eu336 million debt package, backing development of the 20 year concession for new international and domestic terminal at Istanbul's second airport Sabiha Gocken
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EastLink toll road operator ConnectEast Group has closed the institutional portion of its A$450 million capital raising
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Cintra is looking into selling some of its Chilean toll road assets and car park concessions worldwide.
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The authority that manages Chile's San Antonio port, EPSA, is planning to launch a $400 million concession
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The City of Chicago and the Chicago Park District are believed to have received three bids on 21 November 2008 for a concession of its on-street metered parking.
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BC Connect, a consortium of Macquarie, Kiewit and Flatiron, has mandated a number of banks
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With bank confidence in Libor/Euribor rates at an all time low, lenders on the Eu841 million ($1.07 billion) Liefkenshoek rail tunnel PPP in Belgium have structured a first into the financial engineering – the state-owned rail infrastructure procuring agency Infrabel is taking on market disruption r...
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The Autoridad del Canal de Panama (ACP), the authority that operates the Panama Canal, has raised $2.3 billion in senior unsecured debt from multilateral institutions for its expansion project. The ACP expects that the project's capital cost will be $5.25 billion, and around 57% of this will be fund...
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Lenders and borrowers across all financial markets are still assessing the full impact of the credit crisis on their deals. Will the damage to deals, both economic and structural, and past and future, force a new way of lending? By Catherine McGuirk.
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Last of Greek roads signed
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According to local arrangers the Portuguese government expects to sign the Eu1 billion ($1.26 billion) 30 year Douro Interior road concession before
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Texas Department of Transportation (TxDOT) has pushed back the deadline for bids for its North Tarrant Express concession
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The Bay Area Rapid Transit District did not receive any responses to its request for proposals
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The Los Angeles County Metropolitan Transit Authority has issued a request for proposals for public-private partnership consulting services.
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Syndication of the Eu1.613 billion project debt for the last of Greece's Eu7 billion programme of toll road concessions - the Eu2.813 billion Elefsina-Korinthos-Patras-Pyrgos-Tsakona PPP
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Florida Department of Transportation (FDOT) has extended the bidding deadline for the Alligator Alley toll road concession
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The Commonwealth of Pennsylvania and the Philadelphia Regional Port Authority have prequalified four respondents
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California voters have approved a $9.9 billion bond issue to kick-start the state's ambitious high-speed train project.
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CCR is due to close its financing for the RodoAnel Oeste highway concession in Sao Paulo state by the end of November 2008.
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Grandi Stazioni, which has a concession to operate, maintain and refurbish 13 major railway stations across Italy, has signed a 15-year Eu157.5 million ($201 million) facility.
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The Eu841 million ($1.12 billion) Liefkenshoek rail tunnel PPP in Belgium reached financial close yesterday
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Macquarie Group has sold its shares in BrisConnections - the consortium building the A$4.8 billion Brisbane airport link.
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Bids are due into the Texas Department of Transportation for its North Tarrant Express toll road concession
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A bank market sounding by Russian railway operator RZD demonstrates that Russian borrowers have yet to absorb the full implications of the credit crunch
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The Alabama Department of Transportation (ALDOT) is proposing a new 515km highway, running across the state from north to south.
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The government of Quebec is to launch a PPP procurement process for the Turcot Interchange highway system in Montreal
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October 2008
The £2 billion ($3.24 billion) sale by Abbey/Santander of UK rolling stock lessor Porterbrook to Antin Infrastructure Partners - a consortium of Deutsche Bank, Lloyds TSB and BNP Paribas - is being financed via