December 2008

ACS comes in top on Mid-Currituck 20 December 2008

ACS has scored highest of the bidders for the pre-development agreement on the Mid-Currituck bridge

A1: An unlikely syndication 19 December 2008

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...

Concessions to change 19 December 2008

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.

Going south 19 December 2008

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.

Is the M25 a PPP rescue template? 19 December 2008

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...

New template for Baixo Tejo highway 19 December 2008

Financing for Portugal's next PPP highway under its new road programme, Baixo Tejo, will close at the beginning of January.

Portugal roads: No liquidity crunch 19 December 2008

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).

Transport 19 December 2008

Morgan Stanley to go all-equity for Chicago meters

ADB approves PNG roads loan 18 December 2008

The Asian Development Bank (ADB) has approved a $400 million multi-tranche roads financing for the Highlands region in Papua New Guinea

R1 preferred bidder appointed 18 December 2008

Despite putting in a slightly higher bid than Strabag and Porr, Vinci Concessions and ABN Amro Highway private equity fund have been named

Poland's A1 phase 2 closes 16 December 2008

The Skanska-led CTC consortium has closed the Eu1.07 billion debt financing for phase 2 of the A1 road concession

Poceirao to Caia high speed rail bids scored 16 December 2008

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

Port Mann syndication launched 15 December 2008

Lead arrangers BNP Paribas, Caja Madrid, RBS and Société Générale held a bank meeting on Tuesday 9 December

Port of Miami Tunnel canned 15 December 2008

Florida Department of Transportation (FDoT) has withdrawn its support for the 35-year Port of Miami Tunnel concession

Transmontana toll road financial close 15 December 2008

The Portuguese roads sector continues to spawn deal closures despite the liquidity crunch

South Fraser shortlist due in January 12 December 2008

The Bristish Columbia Ministry of Transport and Infrastructure is expected to announce its list of prequalified bidders for the South Fraser Perimeter Road concession

Denver to launch Beltway concession 12 December 2008

The Jefferson Parkway Public Highway Authority (JPPHA) and the Colorado Department of Transportation (CDOT) are due to launch the procurement process for a concession

Port of Miami to switch sponsor and debt market 12 December 2008

Babcock & Brown is planning to transfer its interest in Port of Miami concession to Meridiam Infrastructure

Sydney Airport refinances 12 December 2008

Sydney Airport has raised a A$776 million ($505 million) multi-tranche facility via a consortium of six mandated leads

Panama Canal expansion financed 10 December 2008

The financing backing the $5.25 billion expansion of the Panama Canal signed Tuesday, 9 December.

Panama Canal financing to sign shortly 05 December 2008

The Autoridad del Canal de Panama's (ACP) debt financing for its expansion of the Panama Canal is due to reach financial close

Bar-Boljare tender options 04 December 2008

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

Winnipeg shortlists three for Disraeli bridge PPP 04 December 2008

The City of Winnipeg's public works department has shortlisted three bidders for its Disraeli bridge

Leads launch new pricing formula on Port Mann 03 December 2008

Lead arrangers BNP Paribas, Caja Madrid, RBS and Société Générale are due to hold a bank meeting on Tuesday 9 December

Bids in for North Tarrant 03 December 2008

Texas Department of Transportation (TxDOT) received two bids for its North Tarrant Express concession

Morgan Stanley to go all-equity for Chicago meters 03 December 2008

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

MIG sells M7 to itself and mystery partner 02 December 2008

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)

Lekki Port mandates StanChart 01 December 2008

Lekki Port has appointed Standard Chartered as financial adviser for a deep sea port project at Ibeju Lekki, Lagos