Days away from allowing the US federal Highway Trust Fund to reach insolvency, Congress finally approved $10.8 billion in funding to the scheme. But the congressional bill is a short-term remedy and raises larger questions around the lack of long-term infrastructure funding in the US
As commercial banks look for market share in the US power market many are turning to merchant power projects, albeit with hedges that provide pricing certainty similar to a short term power purchase agreement (PPA)
Last month Mexican construction firm Ingenieros Civiles Asociados (ICA) closed a Ps3.8 billion ($294 million) bond refinancing which combined revenues from a toll road concession and a hybrid toll/availability-based highway project
Axione Infrastructures' (AI) recent bond issue - to refinance 11 of its network concessions - saw the French company achieve long term financing of 11 years, a tenor longer than is typical for the telecommunications sector
With the expansion of US sanctions against Russia, the regulatory dispute between the EU and Russia, and the resignation of Bulgaria’s government, the ongoing feasibility of Gazprom’s $50 billion South Stream project is being questioned
International banks are already marketing what would be Italy’s first project bond financing for the transport sector and with new legislation approved yesterday (19 June 2014) private placements will be possible for the first time in the Italian market
The C$621.2 million ($571.5 million) Waterloo light rail transit PPP in Canada is the latest transit deal to close using a mixture of short-term bank debt and long-term bond financing, after the C$2 billion Ottawa light rail deal, which closed last year
The financing for the Roy Hill iron ore project in Australia is the largest deal to close so far this year, and was a rare non-recourse deal in a sector which has been dominated traditionally by corporate deals.
While Kentucky’s PPP enabling legislation might still be a few miles from execution, overall an increasing number of US states have recognized and accepted the model in recent years. But can there be a nationwide standardisation of the model?
The Abengoa Transmisión Sur (ATS) refinancing of its Peruvian transmission lines through the international capital markets successfully tested a model that the industry hopes will become the new paradigm for financing infrastructure projects across Latin America
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