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Latest Capital Markets Analysis
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H1 2015 League Tables Analysis: Uptick in North American transport PPP
Transport North AmericaClosed deal volume in the second quarter of 2015 raised total transport PPP investment in H1 2015 to $13.32 billion across US and Canada, according to IJGlobal’s H1 2015 league tables
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QCLNG pipeline acquisition, Australia
Oil & Gas Asia PacificAgainst the fanfare of Australia's state privatisation programmes, APA Group in June 2015 closed its $4.6 billion acquisition of the Queensland Curtis LNG (QCLNG) pipeline from BG Group with minimal fuss
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The role of the US DoE in liquid markets
Renewables North AmericaThe US Department of Energy (DoE) this week announced a new initiative to facilitate renewables investment – the Clean Energy Impact Investment Center
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US airport PPPs: A slow take-off
Transport North AmericaThe Port Authority of New York and New Jersey has finally awarded a concession for the refurbishment of LaGuardia Airport's Central Terminal Building to a private sector consortium
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North Carolina Interstate 77, US
Transport North AmericaThe North Carolina Department of Transportation’s (NCDOT) $648 million Interstate 77 toll lanes project is the first PPP for the department
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A66 Benavente-Zamora PPP refinancing, Spain
Transport EuropeMeridiam, Cintra and Acciona's refinancing of difficult 2013 bank debt for the A66 Benavente-Zamora is innovative and paves the way for project bonds for infrastructure in Spain
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Data Analysis: The pace of financial close
Transport EuropeGermany, Canada and Australia average the shortest periods between preferred bidder and financial close among countries with PPP programmes
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New debt and equity products for Uruguayan wind
Renewables Latin AmericaDebt - and equity - capital markets will play a bigger role in Uruguayan renewables
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Freeport LNG train three, Texas
Oil & Gas North AmericaExport liquefied natural gas (LNG) projects in the US have gradually added new complexities to the financing structures
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The rise of the green bond
Asia PacificGreen bond issuers are no longer limited to development finance institutions
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Portsmouth Bypass PPP, Ohio
Transport North AmericaBefore the $550 million Portsmouth Bypass PPP in Ohio closed in April 2015, only one US PPP had obtained a partial wrap from monoline Assured Guaranty in the aftermath of the 2008 financial collapse
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Q1 2015 League Tables Analysis: US LNG
Oil & Gas North AmericaExport liquefied natural gas (LNG) continued to dominate privately financed US power and energy debt volumes in the first quarter of the year but a slowdown is coming
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Tilbury biomass project, UK
Renewables EuropeSponsors of UK biomass projects are rushing to close financings and complete commissioning before the 31 March 2017 sunset of the country’s renewable obligation certificate (ROC) scheme
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China's Asian development bank
Asia PacificThe AIIB continues to attract more and more backers in spite of some early opposition from the US government. Those joining will hope they can steer the bank's objectives more towards their own goals
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Pennsylvania Rapid Bridge Replacement PPP, US
Transport North AmericaThe Commonwealth of Pennsylvania’s first PPP – the $1.12 billion Pennsylvania Rapid Bridge Replacement project – is also the first US PPP to bundle a large group of assets in a single transaction
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US water infrastructure financing
Water North AmericaEven though the US government has introduced various new loan programmes to support water infrastructure financing recently, ongoing projects continue to rely on the existing municipal or tax-exempt bond market
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Peru nears a renewables break-through
Renewables Latin AmericaPeru continues to favour baseload fuels, but has enacted a renewables mandate and international sponsors and lenders are eager to participate
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Data Analysis: Merchant's staying power in the US
Power North AmericaUS electricity demand growth has been limited since the 2008 financial collapse, and few utilities have been willing to sign new power purchase agreements (PPAs) with independent power projects
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Milan Metro, Italy
Transport EuropeTwo availability-based PPP concessions for the Milan Metro are nearing close on debt financings with tenors of up to 21 years