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Latest Capital Markets Analysis
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FSTA - the UK's largest PFI to date
Social & Defence EuropeThe UK's largest PFI transaction to replace a fleet of Royal Air Force refuelling aircraft has finally reached financial close with seven banks financing the deal in the long-running controversial FSTA scheme
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Yemen: Jabal Salab's Zinc Mine
MiningThe Jabal Salab zinc mining project reached financial close on US$120 million of limited-recourse debt on 19 February 2008 - marking Yemen's entrance into the global project finance market.
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Douro Litoral toll road - Portugal
Transport EuropePortugal is a country that has great potential and enthusiasm for project finance, but hesitancy over frequent changes of party's in power has tempered a market that started with a bang, but evaporated quickly
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US Gulf LNG Clean Energy
Oil & Gas North AmericaGulf LNG's US$1.1 billion project financing for the first receiving terminal in the US since early 2005 has reached financial close, bringing much-needed investment to the troubled Mississippi State
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Emal Taweelah Aluminium Smelter
Power MENAEmirates Aluminum's Dubai Aluminium Mubadala project financing to construct the world's biggest smelter in Abu Dhabi - the largest single commercial financing to date for any project in the Gulf and comes as the latest example of how Gulf states ar
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Any Old Wind That Blows (Enertrag in Germany)
Renewables EuropeIn the early days of the wind energy industry, a lot of industry discussion was riddled with umlauts and contained phrases like 'die größte und leistungsfähigste Windenergieanlage der Welt'
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Mexican transport - syndication of FARAC Group 1
Transport Latin AmericaMexico's economic and financial stability has resulted in a surge of activity on the transport front - particularly in road building - making it an attractive market to foreign sponsors, with the Spanish giants leading the way
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Hope Hospital Salford PFI
Social & Defence EuropeThe Greater Manchester Strategic Health Authority in conjunction with Balfour Beatty's specialist concession company Consort Healthcare has reached financial close on the long-delayed £178 million PFI project to redevelop Hope Hospital in Salford
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Trinergy: the good, the bad and the epilogue
Renewables EuropeOver the past year, the 648MW Trinergy wind portfolio has twice drawn a collective 'ooh' and 'aah' from renewable project finance community - first for its €1.13 billion refinancing with Royal Bank of Scotland last December and, more recently, for the €1.
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North Middlesex and UK PFI Hospital Market
Social & Defence EuropeThe financial close of the North Middlesex PFI hospital project earlier this month is the latest project to signal a continuation of health sector deal flow in the UK PFI market
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Egypt's EAgrium fertiliser plant
Power MENAEAgrium - one of Egypt's largest first-time financing projects - closed at the end of last month with a project value of US$1.4 billion financed solely through equity and bank debt. The notable absence of assistance from multilateral or export credit agen
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Namibia’s Cell One financing
Telecoms Sub-Saharan AfricaThe project financing of Namibia's second mobile phone network has been finalised with work already underway to provide the African nation with greater competition in its telecoms provision
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Maher Terminals acquistion
Transport North AmericaThe container port and terminal business is changing rapidly and - against a background of globalisation-driven rapid demand growth - the sector has been attracting massive new inward investment - both from operating companies and external investors
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Qatargas 4: Qatar completes US$30bn LNG series
Oil & Gas MENAQatargas 4 is the last of the Qatar's massive Qatargas series of integrated gas and LNG development projects worth a total of US$30 billion. With the US$6 billion project, the tiny Arab state has reaches the conclusion of its highly-successful LNG program
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Sunnybrook Health Sciences Centre project, Ontario
Social & Defence North AmericaFinancial close of the Sunnybrook Health Sciences Centre redevelopment project in Toronto stands testament to the ongoing success of the ReNew Ontario social infrastructure programme
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Peterborough Hospitals PFI Project
Social & Defence EuropeThe latest health project in the UK government's PFI programme to reach financial close is the Peterborough hospitals scheme - proving to be both complicated and significant to the PFI market
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Solaris - an event horizon
Renewables EuropeAs renewables projects go, the 20MW solar photovoltaic Solaris energy park serves as a pathfinder project, financed through the capital markets and benefiting from the highest tariff available for the technology in Spain
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Peru's Interoceanica 4 road: the Brazilian connection
Transport Asia PacificIn late April, Brazil's construction champions Camargo Correa, Andrade Gutierrez and Queiroz Galvao once again stormed the transport market in Peru with the financial close of the US$562 million Intersur toll road - writes Vander Caceres
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Refinancing of Daegu 4th Beltway
Transport Asia PacificThe Macquarie Korea Infrastructure Fund (MKIF) has closed the refinancing of its existing US$96 million loan facility in South Korea - the Daegu East Circulation Road Company (DECRC) - a concession company which operates the Daegu 4th Beltway