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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
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Usolsky potash, Russia
Mining EuropeRussian project financings were rare in 2014, and are likely to become more so in 2015. International political tensions will make oil and gas financings - the market’s backbone - hard to pull off.
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Cape Wind's last stand
Renewables North AmericaThe Cape Wind offshore wind project has overcome many hurdles in its 14-year development history
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Antin solar portfolio refinancing, Italy
Renewables EuropeAntin Solar Investments’ refinancing of a portfolio of 66MW of solar photovoltaic plants in Italy brings the portfolio under a single umbrella structure and also marks a return of investor confidence in the country
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Castor gas storage project, Spain
Oil & Gas EuropeEscal fully redeemed the bonds for its troubled Castor gas storage project in Northern Spain late last month, with an outstanding principal and interest totalling €1.41 billion ($1.72 billion)
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Cameron LNG and Freeport LNG, US
Oil & Gas North AmericaThe developers of US liquefied natural gas (LNG) import terminals turned out to be wrong when they predicted that persistently high US gas prices would attract LNG cargoes from overseas
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Across party lines
Transport North AmericaWhat does the recent Republican victory in the US mid-term elections mean for the country's PPP pipeline?
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Abengoa green bond issue sparks recourse questions
Renewables EuropeSpanish infrastructure developer Abengoa has been forced to defend the way it accounts for its projects’ debt, after a green bond issue led to questions from nervous bond investors
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Bundling PPP projects
Transport North AmericaBundling projects has its efficiencies on both the procurement and financing side, but it also carries certain challenges for the public and private sector
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Russia calling, as sanctions bite
Transport EuropePolitical decisions will determine how long sanctions imposed by the West must continue to hurt the Russian economy at large, but Russia’s transport sector has had to adapt to liquidity constraints
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Speyside biomass, UK
Renewables EuropeThe £48 million ($80 million) bond issue by Speyside Renewable Energy Finance is the first UK government-guaranteed bond issue for a renewables project
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Interstate 4 Ultimate Road PPP, Florida
Transport North AmericaThe $2.3 billion I-4 Ultimate PPP, the largest availability payment based transaction in the US to date, sees the return of tight pricing on US transport PPPs, and significant funding support from FDOT
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A7 Bordesholm-Hamburg, Germany
Transport EuropeHochtief, DIF and Kemna's €770 million ($1.02 billion) A7 motorway PPP in Germany marks both the first use of a greenfield project bond for a German road asset and the first European Investment Bank (EIB) enhanced project bond in the country
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US transportation: The 11th hour fix
Transport North AmericaDays 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