Institutional investors in Australia have fast growing pots of capital to invest, and have long been comfortable with infrastructure as an asset class. These investors are increasingly looking to foreign markets for assets, but more attractive new opportunities may be closer to home
A memorandum of understanding (MOU) on the long-touted high-speed railway line between Kuala Lumpur and Singapore looks set to be signed in June 2016. But Singapore may yet walk away if the richer city-state decides the project is not commercially viable
For the Passante di Mestre, an operational real toll bypass around Venice, it has been a sluggish route to obtaining long-term project debt, but credit enhancement from the European Investment Bank has lifted the project's bond rating above that of Italian sovereign bonds
Chilean fund Inversiones Infraestructura Dos' refinancing of the Autopistas de Antofagasta toll road concessionaire demonstrates the high level of liquidity in the Chilean market, and a growing appetite among local institutional investors to provide direct loans to infrastructure projects
Cintra has successfully raised €557.8 million ($631 million) of debt to refinance two of its Spanish toll roads, with institutions from Germany and the US providing funds. What may have initially seemed a straightforward transaction however, eventually proved more complicated
Australia’s debt market remains largely dominated by the big four Australian banks – Australia & New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank and Westpac – although there are some signs that international lenders, traditionally content to club with Australian banks, are starting to rival their domestic counterparts on deals
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