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March 2012
Mundra Port and Special Economic Zone Ltd - sponsored by Adani - has raised a $1.25 billion five-year non-recourse loan to help refinance the $2 billion acquisition bridge loan it raised last year to buy Abbot Point X50 Coal Terminal from the Queensland government.
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Bangalore Metro Rail Corporation (BMRC) - a joint venture by the Indian government and the state government of Karnataka - has raised a $250 million loan from the Asian Development Bank (ADB)
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The Texas Department of Transportation plans to award a design-build contract for the first phase of the about $1.5 billion I-35E managed lanes project.
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Cavitex has launched a tender offer for the $160 million in bonds backing the Manila Cavite toll road in the Philippines.
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Gammon infrastructure has been awarded a Rs934.93 crore ($184 million) toll road project in Haryana, India
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Alberta Transportation and the Alberta Treasury Board have selected Capital City Link Group as preferred bidder for the Anthony Hendary Drive Northeast.
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The Indian government, the Asian Development Bank and the India Infrastructure Finance Company have signed the third and final tranche of the second India infrastructure project financing facility.
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Kuwait’s Partnership Technical Bureau wants to close the financing for an integrated rolling stock (IRS) company for Phase 1 of the $12 billion Kuwait Metropolitan Rapid Transit System
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Persistent weakness in the UK economy could spell trouble for lenders to the Moto service station refinancing.
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SEW LSY Highways - sponsored by SEW Infrastructure and Prasad & Co - has signed a Rs17 billion (331 million) 15-year term loan (with six month grace period) backing the four-laning of the Delhi-Saharanpur-Yamunotri road section in the State of Uttar Pradesh, India.
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The sponsors for the A344 – Acciona, Cintra, Detea, Montealto and Felipe Castellano – road concession in Spain have signed a contract with the grantor, Andalucia’s public works agency, which marks the official awarding of the contract to the preferred bidder
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The Cintra and SNC-Lavalin plan to finance the C$1 billion 407 East toll road concession with a combination of bank and bond debt.
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The North Carolina Department of Transportation has received four responses for the 43km I-77 high occupancy toll lane project.
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The Mumbai Metropolitan Region Development Authority has prequalified six consortiums for its Rs88 billion ($1.71 billion) 22km Mumbai Trans-Harbour Link bridge project.
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Goldman Sachs has launched a $110 million senior secured bond issue for Terminales Portuarios Euroandinos' Paita container terminal
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The city of Frankfurt has pushed back first bids on its Eu400-500 million ($530-$622.6 million) bridges PPP until the end of May
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The Colorado Department of Transportation has released a request for expressions of interest in the I-70 west mountain corridor.
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The bidders on the Eu300-500 million ($397.3-$662.2 million) A7 PPP project – BAM PPP/Vinci, Bilfinger Berger, Hochtief and Strabag – are in the process of conducting technical due diligence
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Mundra Port and Special Economic Zone Ltd - sponsored by Adani - is expected to close the long term refinancing of the $2 billion acquisition bridge loan it raised last year to buy Abbot Point X50 Coal Terminal from the Queensland government, before the end of the week.
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Saudi authorities are reconsidering direct procurement for the Makkah Metro project, although no final decision has been taken.
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The International Finance Corporation is considering lending up to $15 million for runway safety improvements at MBJ Airports' Sangster International Airport
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The city of Sacramento has approved a plan to lease its 12,700 space parking system for up to 50 years.
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The sponsors of Aeroporti di Roma (AdR) - Gemina, Falck, Italpetroli and Impregilo - the operating company for both of Rome’s airports, Fiumicino-Leonardo da Vinci and Ciampino, are close to agreeing a refinancing with banks for around Eu543 million ($711 million) of debt due to mature in February 2013
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Kiewit Infrastructure has submitted an unsolicited proposal to Denver's Regional Transportation District for the $750 million I-225 light rail line.
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The Ecuadorian government aims to attract around $150 million in commercial bank debt to finance the $1.38 billion Quito Metro project
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The Indiana Finance Authority has released a request for qualifications for the about $1.45 billion Ohio River Bridges east end crossings concession
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Forum Equity-led Forum Infrastructure Partners closed an about C$60 million ($60.6 million) financing for the Billy Bishop Airport pedestrian tunnel project in Ontario on 8 March
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Vinci Ringways has been named preferred bidder on the £800 million ($1.2 billion) 25 year Hounslow highway maintenance PFI
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The sponsors of Milan’s Metro Line 5 project – Ansaldo STS (24.6%), Astaldi (23.3%), Azienda Transporto Milanese (20%), Torno Global Contracting (15.4%), Alstom (9.4%) and AnsaldoBreda (7.3%) – have started the construction on the second phase of the Milan metro line.
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Infrastructure Ontario and the Ontario Ministry of Transportation have selected Cintra, Intoll and SNC-Lavalin as the preferred bidders for the C$1 billion ($1.01 billion) 407 East toll road concession.
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Caltrans and the San Francisco County Transportation Authority have identified new funding sources to fill a $54 million shortfall for the $360 million Presidio Parkway phase two concession.
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Vinci is looking to finalise the financing for the A355 real toll road in the next few weeks. None of the prequalified bidders had to provide financial commitments at best and final offer stage,
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Domodedovo Airport has closed a debut corporate facility - a Eu165 million ($218.5 million) five-year syndicated loan via ING, RBI and Rosbank - with pricing set at pre-Eurozone crisis levels of 280bp over Euribor
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The tender process for the Eu315 million ($413.4 million) North-South Limburg PPP project is still on hold after Belgium’s supreme administrative court ruled that further time is required to assess the merits of a legal challenge from Limburgse Milieukoepel, an umbrella organisation for environmental conversation associations in the province of Limburg, against the procurement process.
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Renova Group-subsidiary Kolstvo-Invest plans to close the financing for the R12.3 billion ($415 million) Kurumoch airport privatisation in the second half.
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The Russian republic of Kalmykia is seeking funding for a R250 million ($8 million) road rejuvenation project from the International Finance Corporation.
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Israel’s Inter-ministerial Tender Committee has qualified six groups for the Cross-Israel Highway toll road project.
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The Chinese container terminal operator ECT has filed a legal challenge against APL, MOL, Hyundai and CMA CGM’s Eu750 million ($991.6 million) Rotterdam port expansion project.
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Sponsors are expected to mandate banks for the debt financing of the Eu1.83 billion ($2.4 billion) Nimes-Montpellier high-speed rail PPP in the next two weeks.
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Banks on the Eu7.8 billion ($10.2 billion) Tours-Bordeaux HSR project have launched a formal syndication process to the market.
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The Virginia Department of Transportation has received 32 statements of interest for its proposed transportation operations centre concession.
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The technical and financial studies for the Makkah mass transport rail project are ongoing, despite reports in the Saudi press suggesting that they have been completed.
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The sponsors for the R4 Madrid Sur toll road – Ferrovial (55%), Sacyr (35%) and Caja Castilla-La Mancha (10%) – have agreed a two month extension for the refinancing
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The sponsors of Milan’s Metro Line 5 project – Ansaldo STS (24.6%), Astaldi (23.3%), Azienda Transporto Milanese (20%), Torno Global Contracting (15.4%), Alstom (9.4%) and AnsaldoBreda (7.3%) – are waiting on the successful completion of the first phase of the metro line before approaching the bank market for the financing of the second phase.
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Larsen & Toubro special purpose company L&T Ahmedabad Maliya Tollway has raised a Rs12.5 billion ($252 million) 13-year term loan through
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The remaining bidders for the Groningen tram PPP project in the Netherlands are due to submit best and final offers in August
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The VTB Capital and Gazprombank-led consortium Northern Capital Highways is entering the final stage of negotiations with lenders for the financing of the RUB120 billion ($4.1 billion) Western High Speed Diameter real toll road.
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Commercial banks and foreign export credit agencies could be tapped to support BNDES financing for the three airport concessions awarded by the Civil Aviation Agency of Brazil (ANAC) last month
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The financing for the R4 Ghent road PPP financing was bid with a hard miniperm structure to keep costs down. As debt markets contract, sponsors may have no other option.