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Regional interest in newly-rehabilitated Myanmar is intense, especially from potential advisers. Despite recent reforms, government will need to overcome decades of turmoil and underinvestment. By Antony Collins
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The financing for the first phase of the Gebze-Izmir toll concession closed with an all-domestic lending group. It highlights Turkish sponsors’ difficulties with the complexities of international bank deals.
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After a decade of delays, the financing for the Italian BreBeMi toll concession has closed. It gets around banks’ tenor constraints in a way that will be hard to replicate.
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An influx of foreign project debt and equity would help reverse Egypt’s downward economic spiral. But political infighting and constrained local debt markets mean that Egypt’s project finance market is going nowhere fast. By Emma Lindsay.