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Sector Report

  • Funds wanted 01 August 2003

    South Africa's PPP programme is blessed with solid banks that can offer long-dated money and advisory expertise. But lack of third-party equity will make ambitious programmes hard to develop. Marisa Rodrigues reports.

  • Länder beware 01 August 2003

    Debate still rages at the federal, state, and municipal level over the adoption of the German Private Finance Initiative for infrastructure. But it is becoming more advanced. By Prof. Dr. Ulrich Schneider, vice president, export and project finance, Norddeutsche Landesbank.

  • Method over manifesto 01 August 2003

    Eu500 billion ? the amount needed for infrastructure investment in an expanded Europe. Public private partnership is the only tenable answer. But what are the elements of a successful PPP methodology? By Paul Leatherdale, Head of Special Finance, DEPFA BANK plc.

  • Time to promote 01 August 2003

    Italy is serious about PPP this time. But is the country's administrative machinery, or the construction industry, up to promoting it? Marisa Rodrigues reports from Milan and Rome.

  • Touting TAV 01 August 2003

    The TAV rail project will be the first test for Infrastrutture SpA, Italy's newly-formed PPP bank. It will need to attract cautious investors without burdening the Treasury. Marisa Rodrigues talks balance sheet manoeuvres with I-SpA chief investment officer Valerio Bellamoli.

  • Vanilla Essence 01 August 2003

    What was a political debate in many developing markets has now turned into solid PPP deal flow. But markets are not developing as mirror images of the UK. By Frances Jones.

  • Coface: covering completion 01 November 2002

    Last month saw a reorganisation of the project finance team at French export credit agency Compagnie Francais d'Assurance pour le Commerce Exterieur (Coface) but the focus on the product remains unchanged. Project finance remains part of the organisation's Medium and Long Term department but a s...

  • ECGD: 100% dynamite 01 November 2002

    Despite the sluggish market conditions of the last 12 months, the project finance team at UK export credit agency ECGD has been keeping itself busy. ?We have been busier this year than in the last couple of years,? observes Nick George, head of project finance at ECGD in London. That focus has b...

  • EDC follows the money 01 November 2002

    EDC's name changed at the end of 2001, from Export Development Corporation to Export Development Canada, the main impetus being that the initials in the French version are the same as the English. Otherwise, EDC's mission and mandate remains intact ? a mixture of political risk coverage and dire...

  • EFIC expands 01 November 2002

    The Australian ECA, Export Finance and Insurance Corporation (EFIC) is in expansion mode. The export finance business, which encompasses all medium and long-term credit, reported a 20% growth for fiscal year ending June 2002. Despite predicting a flatter year coming up, due largely to shrinking ...

  • Hermes holds up 01 November 2002

    Hermes Kreditversicherung is experiencing an upward swing in demand for project loan cover, as lenders become more conservative in their risk assessment. Only a few years ago bankers were predicting a gradual falling off in ECA support, with uncovered debt becoming more usual, but now ECA suppor...

  • JBIC takes safety in numbers 01 November 2002

    With Japan's economy shaken and not stirring, the Japan Bank for International Co-operation (JBIC) ? formed out of JEXIM and OECF in October 1999 ? has upped its activity in the past year. JBIC has been involved in a number of high profile, big-ticket debt projects, with loan commitments running...

  • KfW looks east 01 November 2002

    Kreditanstalt fur Wiederaufbau has seen lower volumes of export and project finance business this year, with new commitments in the first half amounting to only Eu2.7 billion. For 2001 the volume of loans made by the state owned development bank had been Eu8.4 billion, most of this recorded prio...

  • Sace scrapes through 01 November 2002

    The oil and gas sector has provided the mainstay of Italian Export Credit Agency (ECA), Sace's, project deals in recent years. Snam in particular, the transportation division of Italian gas giant Eni, has picked up some lucrative contracts for high profile projects. Sace follows, most usually of...

  • US Ex-Im comes in lighter 01 November 2002

    The United States Export-Import Bank is in something of a limbo at present. Chairman John Robson, confirmed by congress in 2001, passed away early in the year, and vice chairman Eduardo Aguirre has been acting head of the bank while a successor goes before congress. It recently began hearings on...

  • Merchant Power: Back to the MPP future 01 January 2000

    By James Levine, Jane Stein and Barton Ford of Winthrop Stimson's

  • Merchant Power: Different stokes 01 January 2000

    InterGen wants a piece of European merchant power. But stoking bank interest is going to mean different comfort mechanisms for different markets. Louise Bowman talks merchant spread and future deals with Michael Hogan, senior vice-president International at InterGen and David McMillan finance director.

  • Merchant Power: Financing strategies 01 January 2000

    By James Bartlett and Reiner Boehning from the Global Energy and Project Finance Group at CSFB.

  • Merchant Power: Making the Grade 01 January 2000

    Peter N. Rigby, Director at Standard & Poor's, details the risk-reward equation on merchant power plants.

  • Merchant Power: The Base Load Continuum 01 January 2000

    By John O'Connor, Vice President, Duff & Phelps Credit Rating

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