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September 2010
Early indications are that the RFP for the £1 billion financing of the 270MW offshore Lincs wind project has met with a tepid response from the bank market.
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The California Public Utilities Commission approved First Solar’s power purchase agreement
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Lincoln Renewable Energy is looking to close financing for 20MW of solar photovoltaic capacity in New Jersey before the end of the year
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Chicago's mayor, Richard M Daley, wants to move forward with a new express rail link between O'Hare airport and the city centre.
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The Denver Transit Partners consortium broke ground on the Denver east corridor gold line transit project on 26 August.
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Kenyan sugar company Mumias Sugar is out to the bank market with a KSh1.6 billion ($20 million) syndicated loan to finance a KSh3.6 billion ethanol project which will process molasses into fuel.
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Progress on the Eu3 billion ($3.86 billion) Rome Metro Line D PPP concession has ground to a standstill over affordability concerns from the municipality of Rome (Roma Metropolitane).
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NordLB has joined the arranger line-up on Wetfeet Offshore Windenergy's Eu1.3 billion ($1.6 billion) 400MW Global Tech 1 offshore wind project
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US Geothermal has closed a vendor finance loan with SAIC for the $27 million construction of phase 1 of its San Emidio geothermal project.
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Peruvian concessions and investment promotion agency ProInversion has shortlisted Duke Energy Egenor, Empresa Electrica de Piura, Enersur and Samay
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The Galician health authority, Sergas, has shortlisted two bidding groups for the Eu374 million ($479 million) 23-year (including three year construction period) Vigo Hospital PPP
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UK airports operator BAA has priced a £400 million ($615 million) eight-year class B bond issue to refinance part of its existing bank debt and lengthen the group’s debt maturity
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The much-anticipated award of the $2.65 billion Mafraq-Ghweifat road PPP in Abu Dhabi should be made around 17-18 September.
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The A-lanes consortium - comprising Strabag, John Laing, Ballast Nedam and Strukton – has been told it is the preferred candidate for the Eu2 billion A15 motorway project in the Netherlands.
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JP Morgan has priced a $525.6 million tax-exempt revenue bond issue for the Southern California Public Power Authority.
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Al Jaber Energy Services has raised a $300 million 16-month loan from Abu Dhabi Islamic Bank to finance initial works on Adnoc's $12 billion Shah Gas project.
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The Atlandes consortium - advised by HSBC and comprising Bouygues/Colas, Spie Batignolles, NGE, EGIS Projects, HSBC European Motorway Investments and DIF Infrastructure II - has been awarded the Eu1.1 billion ($1.4 billion) 40 year PPP concession for the A63 Salles to Saint-Geours-de-Maremne road in France.
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The Georgia Department of Transportation (GDOT) has released a request for qualifications for the operations and maintenance of its highway rest areas and welcome centres.
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Exelon Corporation is set to buy John Deere Renewables’ portfolio of US wind assets
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Northland Power has closed a C$580 million debt package for its 265MW combined-cycle North Battleford Energy Centre in Saskatchewan.
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The Metro Gold Line Foothill Extension Construction Authority released a request for proposals to short-listed bidders for the first section of its foothill light rail extension
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August 2010
The Canadian Pension Plan Investment Board’s A$3.4 billion ($3 billion) take-over offer for Intoll
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A preferred bidder is expected to be named by the first week of September for the the Eu1.5 billion, 30km, A15 link between Maaksvlaket and Vaanpleinproject PPP project in the Netherlands.
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Sponsors of the 354MW second phase of the ENEOP 2 onshore wind financing in Portugal are negotiating with banks and are due to sign mandate letters within the next few days.
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Balfour Beatty has won the sample schools concession for the Hertfordshire BSF programme
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REgeneration Finance has mandated Seminole Financial Services to provide construction financing
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E-470 board chairman Ed Tauer proposed a long-term lease of the 74km toll road in Denver
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Eurus Energy America has signed a power-purchase agreement (PPA) with Pacific Gas and Electric (PG&E) for three solar photovoltaic projects in California.
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Pristine Power and Harbert have closed the C$333.2 million ($316 million) debt financing for the York energy centre
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Three BAFOs are due on 13 October for Reseau Ferre de France's (RFF) Eu3.3 billion ($4.4 billion) Bretagne-Pays de la Loire (BPL) high-speed rail PPP
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Yash Birla Group subsidiary Birla Surya has signed a Rs9.7 billion ($206 million) eight year project financing via sole mandated lead arranger SBI Capital Markets
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US Ex-Im’s board has given final approval for a loan guarantee worth $917 million for the vertically integrated coal mine attached to Reliance’s 3,960MW Sasan UMPP in Madhya Pradesh, India.
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Bank of the Montreal has closed the C$305 million ($287.8) debt financing for Carillion Secure Solutions' Toronto Forensic Services and Coroner’s Complex (FSCC) PPP.
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Abengoa has signed a $190 million 1.5-year bridging loan for its Chilca-Marcona-Montalvo transmission line - a 30 year BOT concession for a new 872km 500kV line connecting Lima and Moquega region in Peru.
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The Eu144 million ($183 million) Hornillos wastewater treatment project in Valencia, Spain, is expected to reach financial close next month
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Viridian subsidiary Eco Wind has signed a Eu12.1 million ($15.5 million) five-year-and-seven month term loan for its 10MW Corkermore wind project in Donegal, Ireland.
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US Ex-Im is close to signing a $159 million direct loan to Globeleq's Cerro de Hula wind farm
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International Public Partnerships (INPP) has reported a slight 0.8p increase in net asset value per share in the six months ending 30 June and its shares continue to trade at a premium to net asset value.
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The world’s largest sports infrastructure PPP, the $1.3 billion Sports Hub in Singapore, has reached financial close
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The $1.1 billion Yuzhno-Ruskoye long term financing is out to the debt market with responses due from banks by 3 September.
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The African Development Bank (AfDB) is considering its first co-financing with international lenders, in the form of an A/B structured loan for South Africa's Transnet.
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Kosmos Energy has signed a $350 million increase to its project finance debt, upping the total amount to $1.25 billion.
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A club of five banks has lined up to provide a Eu600 million ($758.6 million) reserves based lending facility to Italian exploration and development company Gas Plus.
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Finance directors at E.ON are expected to provide a definitive answer in the first week of September about whether to go ahead with a project financing for its $800 million offshore Livorno LNG project in Italy.
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Two commercial banks will sign mandate letters by the end of this week to lead the commercial financing for the 300MW Lake Turkana wind project in Kenya.
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France is seeking to replicate the UK’s offshore wind program by seeking bids for 3GW of offshore wind.
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Elizabeth River Crossings’ Downtown Tunnel/Midtown Tunnel/Martin Lither King (MLK) Freeway will move forward as a 50-year design, build, finance, operate
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Abu Dhabi Emirates Steel Industries has reached financial close on a $1.1 billion 7-year project financing for expansion from a group of nine regional banks.
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Junior platinum miner Wesizwe has raised R91 million ($12.3 million) of interim financing from Bank of China
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The Israeli Finance Ministry has announced that the government is withdrawing from the Tel Aviv light rail PPP project.
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Indianapolis awarded Xerox subsidiary ACS a $35 million concession to operate and maintain the city’s downtown parking meters.
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The £625 million ($961 million) opco Class B refinancing of BAA's holdco junior debt has closed - up from the original target of £500 million due to strong bank appetite.
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Quebec will procure the Centre hospitalier universitaire Sainte-Justine (CHUSJ) modernisation as its next health care public-private partnership.
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Four consortia are expected to enter bids on the final offer deadline of 29 September for the Eu900 million HGV automatic tolling project in France - Eco-Tax.
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The Delaware River Joint Toll Bridge Commission (DRJTC), working with the states of New Jersey and Pennsylvania, released a request for proposals for financial and legal advisers on the Scudder Falls Bridge replacement public-private partnership.
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ACWA Power International has completed the purchase of a 58% stake in the Barka 1 IWPP in Oman from AES and IDB Infrastructure Fund.
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The Finnish Transport Agency has appointed Inspira Oy as financial adviser and Hannes Snellman Attorneys as legal adviser for the E18 motorway PPP between Koskenkyla and Kotka.
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China Huaneng Group is in advanced talks to purchase GMR Infrastructure’s 50% stake in InterGen for around $1.2 billion.
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The US Department of Energy approved the part 2 application for the $135 million Taylor Biomass Energy project to go into due diligence
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The Los Angeles City Council approved the request for proposals (RFP) for a 50-year lease of city’s parking garage system
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Credit Suisse and Morgan Stanley’s $335 million B loan financing for Eastern Power’s Greenfield South power plant has been withdrawn
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The sponsors of Cai Lan International Container Terminal in Vietnam have asked the International Finance Corporation for $101 million
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NRG Energy has priced $1.1 billion in senior corporate unsecured notes to finance its proposed $1.36 billion acquisition
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A request for proposals has been distributed to banks for the Centrica/Siemens/Dong 270MW Project Lincs UK offshore wind financing.
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Energy private equity sponsor First Reserve has failed to get lender consent for a partial refinancing amendment
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Gwinnett County has received three responses to its request for qualifications for a potential privatisation of the Briscoe Field airport in Georgia.
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The Portuguese Accounts Court has given a final ratifying visa (visto) to the Eu1.2 billion Pinhal Interior road PPP, paving the way for drawdown on the commercial bank facilities.
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The final BAFO deadline for the Eu430 million Todos-os-Santos hospital PPP in Lisbon, Portugal has been pushed back from the beginning of August to the end of September.
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The award of the 400-450MW Bizerte IPP is not expected until mid-September at the earliest as the process is held up by holidays and Ramadan.
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The Irish National Roads Authority (NRA) is expected to name the preferred bidder on the N17/N18 Gort to Tuam road PPP by mid-September.
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Odebrecht’s proposed R815 billion ($446 million) bond refinancing of the Dom Pedro I corridor concession was the biggest test yet of investor appetite
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Syndication of the Eu700 million 6.5-year revolving construction facility backing the Flemish Schools project is progressing well and on target for an oversubscription.
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ANZ and Westpac have closed a A$350 million ($312 million) bond refinancing for Melbourne Airport.
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Kosmos Energy has abandoned a $4 billion sale of its 23.5% stake in Ghana's Jubilee oil field to ExxonMobil.
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Millennium Minerals has mandated BNP Paribas as lead arranger of $35 million
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JP Morgan has launched $533.1 million in revenue bonds for the Southern California Public Power Authority.
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Northland Power is working with Manulife to close a C$105 million ($102 million) 20-year private placement
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Proposals are in for Ontario's Mental Health Centre Penetanguishene and Windsor-Essex parkway PPP projects
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Morroco’s Office National d'Electricitie (ONE) has awarded the 200MW Tarfaya wind project to a consortium of ONA subsidiary Nareva and International Power after a tender procedure that began in 2007.
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The City of Pittsburgh released the request for proposals (RFP) for the 50-year lease of its parking assets.
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WestLB has placed the GreenHunter Biofuels project into receivership after it defaulted on $37.7 million of debt.
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Australian junior gold miner Adamus Resources has signed on its Nzema gold project in southern Ghana.
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Independent power producer Dynegy has agreed to be bought by private equity firm Blackstone
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BP has obtained $5 billion 5-year debt facilities across two transactions – with both deals launched today into the syndication market.
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Request for proposals for the Eu2.5 billion debt backing Nord Stream 2 will be with banks within the next few days.
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ACS has finalised an agreement with CVC Capital to form a holding company that would take control of its 25.8% stake in Abertis.
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The Toronto Port Authority has issued a request for qualifications (RFQ) for a 22-year concession to design, build, finance, operate and maintain a pedestrian tunnel
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The ACS Infrastructure-led Fraser Transportation Group closed on the C$200 million ($192 million) private financing
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ISA and Empresa de Energía de Bogotá have won the 30-year concession to design, build, finance, and operate a transmission line between Pomacocha and Carhuamayo in Peru.
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AGL Energy and Meridian Energy have formed a joint venture to build a A$984 million ($878 million) wind farm in the Australian state of Victoria.
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Junior mining developer Greystar Resources has mandated BMO and Cutfield Freeman as financial advisers
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Prudential Capital and Zurich Insurance have negotiated a new restructuring of the financing for Raser Technologies’ Thermo No I
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Financial close for Masdar’s 20% portion of the first phase of the London Array offshore wind is now expected in early October
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The $950 million Gerald Desmond Bridge replacement project in Long Beach will be procured as a design-build contract
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Closed-end fund, Commerz Real AG, has closed a project financing for a 22.661MW PV plant, Reckahn I in the state of Bradenburg, Germany.
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Power storage technology developer Beacon Power has closed a $43 million loan guarantee with the US Department of Energy for its flywheel power storage in Stephentown, New York.
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First Wind and the Los Angeles Department of Water and Power (LADWP) signed a 100MW power purchase agreement for the developer’s Milford II wind project.
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Oil sand operator OPTI Canada plans an additional $400 million high-yield bond issue as it tries to bring its Long Lake project up to full production.
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The German schools market has witnessed a couple of awards over the past weeks.
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Six consortia have submitted pre-qualifications for the 34km Rod El Farag Highway PPP project, currently being tendered by the Egyptian Ministry of Housing, Utilities and Urban Development (MHUUD).
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A team led by Ernst & Young has won the advisory deal for the $7 billion Kuwait Metro PPP project. The group also includes Atkins as technical adviser and Ashurst as legal adviser.
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A conversion law has come into force in Italy deeming legitimate solar PV projects progressing under the regional fast track permitting process, DIA (denuncia inizio attivita).
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Rusal, has reached agreement with Sberbank on a proposed $4.59 billion loan to refinance the $4.5 billion loan originally extended by Vnesheconombank (VEB) in November 2008.
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International Power (IP) and GDF Suez Energy have agreed their merger plan
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Constellation Energy has bid $1.1 billion for US Power Generating's Boston Generating assets.
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A nine-strong club of Thai banks has signed the $2.7 billion debt financing of the Hongsa lignite coal-fired independent power project in Laos
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The Puerto Rico Public-Private Partnerships Authority (PRPPA) and the Puerto Rico Aqueduct and Sewer Authority (PRASA) received 13 responses to their request for qualifications
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ARTESP, the transport ministry for the state of Sao Paulo, released a request for qualifications for the southern and eastern sections of the Rodoanel
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Newcastle Coal Infrastructure Group - which is owned by BHP Billiton (through Hunter Valley Energy Coal), Centennial Coal, Donaldson Coal, Peabody Energy, Felix Resources (Yancoal) and Whitehaven Coal - has closed the expansion financing and refinancing for its Newcastle Coal loader project in New South Wales.
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The deadline for first bids on France's first availability-based road project, the Eu200 million Route des Vosges 30 year PPP concession, has been put back to September 20.
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ACS has reached agreements to sell its Dragados ports operations to JP Morgan’s infrastructure fund. It is also thought to have reached an agreement to sell part of its stake in Abertis to CVC Capital.
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Transurban has closed on the A$635 million ($580 million) acquisition the Lane Cove Tunnel in Sydney
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Satellite communications operator Iridium says that it received an oversubscription
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The San Francisco bay area’s Metropolitan Transportation Commission (MTC) adopted a cooperative agreement with the California Department of Transportation (Caltrans)
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Alliance Oil subsidiary OJSC Khabarovsk Refinery has signed a $760 million 12/13 year project financing with Vnesheconombank (VEB) which backs the refinery's modernization programme.
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Egyptian Refining Company (ERC) has signed the $2.6 billion debt package for its second-stage oil refinery in the Greater Cairo area.
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The Eu1.13 billion ($1.5 billion) 26 year commercial debt package for stretches I (sponsored by FCC) and IV (sponsored by ACS) of the Eu2.5 billion Barcelona Metro Linea 9 PPP signed mid-July. In addition to the commercial debt, the EIB is providing separate Eu200 million loans to each stretch of line.
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Barclays Capital and Bank of America Merrill Lynch priced $397.8 million in private activity bonds (PABs) for the Denver Transit Partners Eagle P3 commuter rail concession
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Capital Power has agreed to pay C$207 million to buy Kelson Canada's Vancouver Island gas-fired power plant.
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Yuma Concesionaria (Impreglio/Fondo de Capital Privado Ruta del Sol/Infracol/Cl Grodco) will receive at least $550 million in milestone and completion payments
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The Nevada Public Utilities Commission has approved a power purchase agreement for Solar Reserve's Crescent Dunes
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The relocation to Jubail of the forthcoming $20 billion-plus Saudi Aramco/Dow Ras Tanura petrochemical project has been confirmed.
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The California Department of Transportation has proposed a 30-year continuous appropriation from the state highway account to finance public-private partnerships
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PetroVietnam has signed a $470 million 12 year two-tranche ECA-backed facility for the 750MW combined cycle Nhon Trach 2 power project, located south of Ho Chi Minh City in Dong Nai province
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The Inter-American Development Bank has approved a $40 million for phase 2 of Ram Power's San Jacinto-Tizate
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Staffordshire County Council has awarded Veolia Environmental Services its £1 billion ($1.58 billion) 25 year residual waste treatment and disposal concession
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Ofgem, advised by Ernst & Young, has appointed Balfour Beatty Capital, Macquarie Capital and Transmission Capital Partners as preferred bidders for seven of the nine 20-year UK offshore wind transmission concessions (OFTOs) under tender.
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Hindalco subsidiary Utkal Alumina International Limited (Utkal) has raised a Rs49.06 billion ($1.05 billion) 11-year debt facility to finance the development of a 1.5 mtpa (expandable to 3 mtpa) alumina refinery and 90MW captive power plant at Kucheipadar, Rayagada district in Orissa.
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Vinci Concessions has won the concession for the Notre Dames de Landes airport in Nantes.
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SNC-Lavalin’s Union Pearson Air-Link Group (UPALG) has ceded its concession for the Toronto airport rail link to local transport authority Metrolinx.
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ArcLight Capital closed the $305 million B loan recapitalisation of the Houston Fuel Oil Terminal Company on 22 July.
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GECAD and Aldwych International are close to closing the financing for the $128 million Tema Osonor independent power project in Ghana.
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Grupo Maritime TCB and Grupo Empresarial del Pacifico have closed the $160 million senior and mezzanine financing for their Buenaventura container port
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Cape Wind’s equity-raising process looks more difficult after the developer of the project agreed to a cut in the price of its power purchase agreement
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The first of five Scottish PPP hubs – private-public companies responsible for a range of PPP services in the health and social services sector – has been formed in Scotland.
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DBF2, a consortium led by Terracon Development, has won the Chief Peguis Trail road extension concession in Winnipeg.
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Etruscan Resources is seeking shareholder approval for its C$77 million ($75 million) acquisition by Endeavour Financial.
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Three bidding groups have lined up for Israel’s two large solar-thermo projects at Ashalim in the western Negev desert.
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Four consortia have entered the pre-qualification phase in the public private partnership procurement process for the DART (Dublin Area Rapid Transit) underground scheme.
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Aspen Power has closed a $14.1 million junior loan with Akeida Capital to complete additional environmental compliance expenditures at its Lufkin biomass project in Texas
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The Puerto Rico Public-Partnership Authority (PPPA) received eight responses to its request for qualifications for the PR-22 and PR-5
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Ormat Technologies and John Hancock have submitted the first part of a $350 million loan guarantee application
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Pennsylvania, New Jersey and the Delaware River Joint Toll Bridge Commission (DRJTC) want to use a PPP concession to replace the Scudder Falls Bridge.
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Financial close for the $3.7 billion Egyptian Refinery Company scheme was due at the end of last week but hit a last minute hitch.
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The RFP for the 2,000MW oil-fired Qurayyah IPP in Saudi is expected to be launched to the market imminently as the indicative launch date of 31 July has slipped slightly.
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July 2010
Trustee Wells Fargo has appointed a receiver for the Huckabay Ridge biogas project
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Canadian oil and gas independent TransGlobe has closed a $90 million five-year borrowing base
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BBVA and Santander signed the roughly $150 million 8.25-year financing for the Oaxaca I wind project on 29 July.
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Solar developer Recurrent Energy has closed an $18 million 24-year financing
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Partnerships British Columbia (BC) has shortlisted groups comprising Plenary, Brookfield and Bouygues/HSBC for the Surrey Pretrial services
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Australia-headquartered infrastructure fund manager, Industry Funds Management, has acquired a 40% stake in Dalkia Polska from Dalkia International, part of the energy services division of Veolia Environnement.
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The financing for the CEZ/MOL 830MW Dufi CCGT is progressing despite the Hungarian government rejecting the International Monetary Fund and EU’s $26 billion bailout plan.
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Odebrecht has closed a R1.1 billion ($621 million) local currency bond issue for the Dom Pedro I corridor toll road concession
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Canada’s national public-private partnership (PPP) body PPP Canada received 68 proposals
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Tenaska's Taylorville integrated gasifcation combined cycle power plant has won a $417 million investment tax credit from the US government.
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Colombia’s Instituto Nacional de Concessiones (INCO) awarded the third stretch of the Ruta del Sol toll road concession
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The three bidding groups for the 400-450MW Bizerte IPP in Tunisia are expecting to find out which is the preferred bidder for the project within the next week.
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UK utility Centrica has mothballed development of its 200 million cubic metre Caythorpe gas storage project in East Yorkshire
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Italy’s Budget Law passed on 29 July with amendments to article 45, the law that governs the green certificate incentive regime for wind farms.
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K2 Solutions has launched a $115 million B loan financing for a chlor-alkalai production plant to market.
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Canadian developer Finavera Renewables has signed a joint deveopment agreement with GE Energy for its forthcoming slate of wind deals in British Columbia
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First Wind has closed a $117 million loan guarantee with the US Department of Energy for its Kahuku wind project in Hawaii.
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The Commonwealth of Pennsylvania and the Philadelphia Regional Port Authority (PPRA) have shortlisted two groups for the Southport Marine Terminal
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Desarrollo Vial del Peru has won the concession for section two of the IIRSA Centro highway in Peru.
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EISER Global Infrastructure Fund has agreed to purchase a 20% stake in Italian waste treatment company, Herambiente, for Eu105.6 million ($137.14 million).
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The Indian State of Andhra Pradesh has closed a pilot PPP to help four public hospitals offer advanced diagnostics services to low- and middle-income people.
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Credit Suisse and Morgan Stanley have launched the $335 million B loan financing for Eastern Power' Greenfield South
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Infrastructure Ontario has selected a Hochtief-led group as preferred bidder on the Ontario Police project and issued a request for proposals (RFP) on the St. Thomas consolidated courthouse.
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The UK’s coalition government has confirmed that the electricity regulator Ofgem can proceed with the tenders for an offshore transmission operator (OFTO) for each of the nine transmission lines to offshore wind farms.
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Less than 9% separates the five bidders for Abu Dhabi’s Shuweihat 3 IPP.
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Diamond Generating, CLP Renewables and Electricity Generating Public Company have closed a Bht8 million ($259 million) financing to build a 73MW solar plant in Thailand.
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Uncertainty in the capacity auction process in New England means Boston Generating is likely to file for bankruptcy before October
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The Bay Area Rapid Transit (BART) board of directors closed the financing gap for the Oakland Airport Connector project.
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Morgan Stanley’s Chicago Parking Meters has delayed its proposed $500 million issue of senior secured bonds.
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Dexia and Societe Generale are sounding out banks for a Eu600 million ($776.7 million) long term financing for Strada dei Parchi,
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Bank mandate letters will be signed by the middle of August for the financing of the 354MW second phase of the ENEOP 2 onshore wind farm financing in Portugal.
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9REN Group, the European renewables company owned by US private equity house First Reserve, has completed an Eu80 million ($103.1 million) financing for 22MW of photovoltaic projects in Italy with a syndicate of three banks.
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Bank of America Merrill Lynch and Barclays Capital are launching $404 million in tax-exempt private activity bonds
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Four banks have been appointed advisers and structuring coordinators for the Eu2.13 billion ($2.73 billion) Pedemontana Veneta highway concession in Northern Italy.
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Abengoa has received a conditional commitment from the United States Department of Energy for a $1.45 billion loan guarantee.
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Drillship operator Vantage Drilling wants to issue $960 million in five-year secured bonds to finance the acquisition and completion of a deepwater drillship
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The Canadian province of British Columbia has shortlisted three groups for the design-build contract for a clinical support building
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The £800 million ($1.22 billion) bond refinancing of Angel Trains priced at the tight end of guidance
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Poseidon Resources’ issuance of public activity bonds (PABs) to finance the construction of a desalination plant in Carlsbad, California has been delayed
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Inspire, a partnership of Amber Infrastructure (80%) and Shepherd Construction (20%), has reached financial close on the £57 million ($87.1 million) Liverpool Library PFI.
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The African Development Bank has approved a Eu12 million loan for Eiffage's Dakar-Diamniadio toll concession
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Aecon has sold a 25% stake in the owner of the Cross-Israel Highway concession to the Israel Infrastructure Fund
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E.ON has decided not renew the $185 million bridge provided by Unicredit for the Livorno LNG project. The corporate bridge elapsed at the end of June and it was repaid in full.
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Three shorlisted bidders are expected to enter best and final offers for the Eu1.5 billion, 30km, A15 link between Maaksvlaket and Vaanpleinproject PPP project in the Netherlands.
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Financial close for the Eu80 million ($102.6 million) Vila Franca de Xira hospital has slipped as banks and sponsors seek advance clearance form the Portuguese Accounts Court.
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Galp Energia and International Power have launched a request for proposals for a Eu500-Eu600 million ($640 - $780 million) debt package to support their 800MW Sines CCGT project in Portugal.
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GCP Infrastructure Investments Limited, the UK PPP debt fund managed by Gravis Capital Partners, has completed a £40 million initial public offering at an issue price of £1.00 per share.
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Banks interested in the syndication of the Flemish schools construction debt have until 27 August to submit proposals to the underwriters.
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The $2.1 billion financing of the PP11 gas-fired independent power project in Saudi Arabia
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The International Finance Corporation and European Bank for Reconstruction and Development attracted Eu200 million in B loan commitments
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Brazil’s Agencia Nacional de Transporte Terrestre (ANTT) launched the tender for its delayed 511km high-speed rail line
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Puerto Rico’s ambitious public-private partnership (PPP) programme is beginning to take shape,
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The Virginia Department of Transportation (VDOT) is set to select a concessionaire for the estimated $1.7 billion US-460
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Financial close has slipped for Masdar’s 20% portion of the first phase of the London Array offshore wind farm.
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Canadian oil sands producer MEG Energy is in the process of marketing an initial public offering
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Barclays Capital and Credit Suisse have launched a $500 million senior secured bond issue for the Chicago Parking Meters concession.
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Italy’s new Conto Energia, the energy law stipulating tariffs for solar plants, was finally approved by the committee meeting of the chairmen of the regions
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The National Bank of Abu Dhabi has been appointed by Abu Dhabi Ports Company (ADPC) as its financial adviser for its Khalifa Port & Industrial Zone (KPIZ) project.
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Sheffield City Council has shortlisted Amey and CarillionMouchel for the £1 billion ($1.53 billion) Sheffield Highway Maintenance PFI project.
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Bilfinger Berger has closed the C$465 million ($440 million) financing for the Women's College Hospital in Ontario.
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The US Ex-Im has approved a preliminary review of Reliance's re-submitted application for the Sasan coal plant in India.
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Project Resources Corporation has closed a $51 million lease financing with Union Bank for its Ridgewind wind project
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Spectra Energy has agreed to buy the Bobcat gas storage project
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Cape Wind mandated Energy Bankers a Paris as supplemental debt adviser for its 468MW offshore wind project
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Thames Water has issued £550 million ($844 million) of subordinated class B notes as part of its refinancing programme of its bank acquisition debt from late 2006.
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Brookfield has been dropped from the tender for the 30-year £450 million Royal Liverpool Hospital PFI concession, leaving three teams to bid in the next round
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Citigroup, Barclays Capital and Credit Suisse have priced the $580.2 million bond issue for the Alta Wind project.
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Caltrans and the San Francisco County Transit Authority released the final RFP for the $1.045 billion Presidio Parkway
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China Huadian has closed a $412 million project financing with China Ex-Im for its Orussei hydroelectric power plant
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Dubai Water and Electricity Authority (DEWA) has appointed HSBC, Mott Macdonald and Clifford Chance for the financial, technical and legal advisory mandates for its first IWPP
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Lanco has signed a Rs55.4 billion ($1.18 billion) 15 year project financing for its 1320MW Babandh power project in, Dhenkanal, Orissa, India.
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Larsen & Toubro has been appointed preferred bidder for the Rs121.32 billion ($2.6 billion) Hyderabad Metro rail project.
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North Queensland Bulk Ports Corporation has appointed BHP Billiton and Hancock Coal as preferred bidders for two new 30 Mtpa coal terminals at the Port of Abbot Point.
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SNC-Lavalin and Innisfree have priced the C$764 million ($732 million) bond issue for the McGill University Health Centre PPP.
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Essdar Investments is looking to consolidate its control of the stalled Blue City real estate project in Oman
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The Singapore national water agency, PUB, launched the tender for the 70 MIGD (318,500 m³/d) Tuas desalination project on 30 June.
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Campus Living Villages UK has reached financial close on the £40 million ($61 million) student accommodation scheme for the University of Bedfordshire
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EnerCap Power Fund has signed a CZK581.5 million ($29 million) project financing with UniCredit Bank Austria for three solar PV projects in the Czech Republic totaling 7.2MW.
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Infrastructure Ontario and the province's Ministry of the Attorney General have shortlisted three bidding groups for the St Thomas courthouse
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Terra-Gen Power is in the process of finalising the bank/bond financing for its $937.8 million Alta Wind II-IV wind projects
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ArcLight Capital has closed the $129.3 million acquisition of the Sandersville gas-fired power plant
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European Nickel has partnered with Hunter Dickinson (HD), via a two-tranche private share placement with HD's affiliate Constantia Resources
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Emirates Aluminium (Emal) has signed direct and covered loans totalling $737 million with three export credit agencies for phase 1 of its smelter project - a deal that augments the project financing it closed in 2007.
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Two bidders have submitted BAFOs for the 55 year Notre-Dame-des-Landes airport concession in Nantes - Vinci, advised by Royal bank of Canada, and SNC-lavalin Capital with Abertis and HSBC advising
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Arise Windpower signed a Eu17.5 million loan with Swedbank at the end of June for the financing of the Eu25 million 17.5MW Kaphult wind project in Laholm, Sweden
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Axio Power is out to banks with a $360-400 million financing for a 90MW portfolio of solar assets in Ontario.
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ArcLight Capital is out to banks with a $370 million debt package for its 512MW gas-fired peaker in Bayonne, New Jersey
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Reliance Power has closed syndication of the Rs132 billion ($2.83 billion) of debt for its Rs175 billion 3960MW Krishnapatnam UMPP in Andhra Pradesh.
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S&P has rated the upcoming bond issue from Angel Trains' £4 billion ($6.02 billion) Great Rolling Stock Company Ltd programme, BBB
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EGPC has finalised the scale-back on lenders to its $2 billion 58 month pre-export financing.
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Royal BAM has reached financial close on the Eu80 million ($94 million) Schiphol Justice Complex PPP in Holland.
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India has issued guidelines for the issuance of tax-free infrastructure bonds in a bid to meet the investment demands of its burgeoning infrastructure programme.
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Hong Kong-listed and Caymans Islands-based Hopewell Highway Infrastructure has raised a Rmb1.3 billion ($191 million) bond to finance construction of the third phase of the Western Delta Route, an expressway linking Zhongshan to the coastal city of Zhuhai in China’s Pearl River Delta region.
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Hinduja National Power Corp has signed a Rs41.6 billion ($892 million) 14.75-year project loan for its 1040MW Vizag coal-fired thermal power project in Andhra Pradesh
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SIIF Energies do Brasil has closed a R400 million ($227 million) debt financing for a portfolio of four wind farms in Brazil.
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Northland Power Income Fund hopes to close the C$120 million ($116 million) debt financing for its Mont Louis wind project
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AES has agreed to buy the Ballylumford group of generating plants in Northern Ireland.
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NRG Energy has completed the refinancing and amendment of $2.675 billion in corporate debt and a $96.8 million long-term refinancing for the South Trent wind farm.
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Transport for London completed the acquisition of the Tubelines Underground PPP project company on 27 June
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Gwinnett County has issued a request for qualifications (RFQ) for a PPP concession on Gwinnet County Airport
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Barclays Capital and HSBC have closed a $430 million 18-month bridge loan to support exploration at the Tamar gas field
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Financial adviser Mediobanca is assembling a roughly Eu7 billion acquisition financing to support a buy-out of minority shareholders in Abertis.
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Korea Development Bank has lead arranged KRW102.5 billion ($84 million) of 22-year-and 3-month debt for the KRW113 billion Gwangju Sewage System PPP in Korea.
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The Saudi Railways Organisation received two bids for its roughly $12 billion Haramain high-speed rail
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Larsen & Toubro has signed a Rs7.83 billion ($169 million) 14-year-and-eight-month loan for its Singoli Bhatwari hydro-electric project.
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The Eu37.2 million ($47 million) Flemish Bus Depots PPP project has reached financial close - the first PPP of its kind in Belgium.
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The UK Education Secretary, Michael Gove, has announced the end of the Building Schools for the Future
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Disappointing capacity market auction results could hit the debt for the Tenaska-managed TPF II generation company.
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The Canadian province of British Columbia has issued a request for qualifications to design, build and finance the Evergreen light rail project.
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Spanish national grid operator Red Electrica (REE) is financing a Eu1.48 billion takeover of some of Endesa’s power transmission assets with a Eu1.7 billion bridge loan
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CLP Power India is out to the international bank market for up to $300 million of dollar denominated funding for its 1.32GW Jhajjar IPP.
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US small wind developer Exergy has brought in equity from Atlantic Power and GE Energy Financial Services for its Idaho Wind
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India's Power Finance Corporation has extended the request for qualification deadline for the 4000MW Chhattisgarh UMPP by another two months to September 5.
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Barclays Infrastructure has closed on the roughly £100 million ($150 million) Belmarsh West Prison
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Two teams are most likely to respond to the EOI (due July 9) for the Channel Tunnel high speed rail link sale - HS1 - in the UK.
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Macquarie Power & Infrastructure Income Fund has reached financial close on a C$96.2 million ($94 million) five-year construction loan for the $131.9 million 20MW Helios Solar Star A1 PV project in Amhertsburg, Canada.
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GMR project company GMR Chennai Outer Ring Road has signed a Rs7.2 billion ($154 million) 16-year term loan via sole mandated lead arranger and bookrunner ICICI Bank.
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Karara Mining, a 50/50 joint venture between Gindalbie Metals and Angang Steel, has signed the $1.2 billion 12-year project financing for its Karara iron ore mining project 225km east of Geraldton, Australia.
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Bank lenders to the Reliance Rail PPP project company in Australia have issued it with a reservation of rights notice
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Private equity firm Olympus Capital has agreed to buy a 15% stake in the holding companies for two Indonesian coal mines
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BNP Paribas is leading the $700 million project financing for the Línea Amarilla toll road
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Independent oil and gas producer NiMin Energy has closed a $36 million credit facility
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SNC-Lavalin and Innisfree are close to launching the C$1.147 billion ($1.08 billion) debt financing for the McGill hospital
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Conduit Capital has approached the International Finance Corporation for up to $30 million in senior and subordinated debt
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ContourGlobal Kivuwatt is in the process of getting principal approvals for financing of phase 1 of its two-phase 100MW integrated methane extraction/cogeneration project at Lake Kivu in Rwanda.
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The City of Offenbach has awarded Hochtief PPP Solutions a 22 year DBFM PPP concession for two schools
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The 28.5 year project financing for the New Karolinska Solna University Hospital PPP - Sweden's first heathcare PPP - has closed.
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Harbinger and PSEG are examining financing options for an expansion of one of the plants in the GWF Energy peaker portfolio
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Santos has appointed Taylor-DeJongh its financial adviser on the probable export credit agency financing for the Gladstone LNG project
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Oil and gas vessel contractor SBM Offshore has closed a $750 million five-year revolving credit
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Renewable Energy Systems Americas has raised $500 million in equity financing from Enbridge
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The board of US Ex-Im rejected Reliance Power's application for a $560 million loan for its Sasan coal-fired power project
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S.A.G. Solarstrom has closed a CZK1.285 billion ($61 million) long-term project financing for a 13.6 MW phototvoltaic project (Solar Stribro) in Stribro, Czech Republic.
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Talvivaara Mining has signed a Eu100 million ($122 million) three-year corporate revolving credit to complete development of its nickel mine in central Finland and smooth the transition from ramp-up to operating entity.
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EDP Renovaveis has closed a $141 million tax equity investment with Wells Fargo