News

Latest Transport Analysis

  • Infra Dig – Toll Road to Damascus Experience

    When it comes to asset ownership in the infrastructure and energy space, commonly-used metrics have become synonymous with good governance… but what if one of them was fundamentally flawed?

  • VTG – the full story

    Abu Dhabi Investment Authority and Global Infrastructure Partners are set to jointly acquire a 72.5% stake in European transport business, VTG Aktiengesellschaft, from Morgan Stanley Infrastructure Partners and Joachim Herz Stiftung for around €7 billion

  • JFK New Terminal One, NY

    The single largest airport P3 project in the US reached financial close this summer, a development that is expected to change the aviation landscape in New York for years to come

  • LIBOR phase out of Sterling and the US Dollar markets

    After decades of service, LIBOR effectively ceased to be used as an interest rate benchmark at the end of 2021 in most markets. Synthetic LIBOR will continue to be published for Sterling until the end of 2022 but only to support legacy deals that hadn’t transitioned to an RFR by the end of 2021

  • Switching whip hands mid-thrash

    It’s time to pull up a seat – popcorn at the ready – to enjoy an almighty dingdong between borrower and lender as battle lines are re-drawn in a swiftly shifting infrastructure finance environment

  • Ferrocarril Central refi, Uruguay

    Uruguay’s largest ever infrastructure project came a step closer to reality last month as its sponsors completed a $475 million refinancing, providing extra cashflow for new investments while strengthening the project’s long-term financial footing

  • Rv555 road PPP, Norway

    Rv555 Sotrasambandet, Norway’s largest transport project to date, reached financial close earlier this year after a brief delay and with a slightly amended PPP contract to account for Covid-19 and geopolitical uncertainty

  • Infra Dig – Nightmare on Edinburgh Tram

    Few projects have the capacity to reduce infrastructure veterans to tears of frustration to quite the extent that Edinburgh Tram can. It will challenge even the sturdiest of rail professionals to keep a bottom lip from wobbling

  • 3i Infrastructure's TCR consolidation, Belgium

    When 3i Infrastructure and DWS first bought into TCR it caused ripples across the market at a time when Core + was first being coined. Now 3i is consolidating its position...

  • Energy Absolute's e-ferry transit portfolio, Thailand

    A new scene to combat Bangkok's congestion and pollution has emerged on the bustling Chao Phraya River as new electric ferries cruise the waters. IJGlobal unpacks the structuring of Thai renewable company Energy Absolute's debt package and the implications of the nearly $30 million project on the acceleration of e-mobility across Southeast Asia's transport sector

  • Infra Dig – Metrolink: a monumental stinker?

    Dublin’s metro system has long been mooted as an essential piece of infrastructure to promote greater mobility around Ireland’s capital… but it has also been the source of immense frustration for the infrastructure community

  • Conexión Pacífico 2 refi, Colombia

    It’s been a busy 18 months for Colombia’s Conexión Pacífico 2 highway PPP with the addition of a new shareholder, completion of construction – and financial close of the second stage of a combined $470 million dual-currency refinancing

  • Cube Highways' portfolio refinancing, India

    The close of Cube Highways’ more than $440 million road portfolio refinancing in late April is another step in the maturation of India’s project finance market to recycle capital. IJGlobal unpacks the deal's context within the country's growing road InvIT market

  • Infra Dig – Agnes Mazurek, Project Finance Masterclass

    IJGlobal is standing true to its mission to further the understanding of the infrastructure and energy asset classes with its latest podcast – a masterclass on project finance

  • Maryland Purple Line transit P3

    The Maryland Purple Line Light Rail P3 has a new debt financing package in place, replacing an earlier loan and allowing the beleaguered project to commence construction and transit operations to commence in 2026

  • Arcus takes transport Core+, Sweden

    Arcus Infrastructure Partners in March set a second benchmark in Core + with the 100% acquisition of of an asset from Searchlight Capital Partners that – again – had the market wondering how it fits within the fund's mandate

  • North East Link PPP, Australia

    The North East Link PPP boasts several accolades, the largest PPP project to date in Australia and – most notably – the first such development in the world, or so they repeatedly claim, to be procured using the “collaborative contracting model” where the procurement authority assumes a portion of the construction risk

  • The great infra feeding frenzy

    If you view the world in a certain way – say, looking at the global infra / energy sector as a gargantuan feeding trough filled with swill (assets), and the funds as a rotund set of piggies – well, it’d be entirely fair to say that the former’s overflowing and the latter have their snouts well and truly inserted

  • Bulacan International Airport PPP Phase 1, Philippines

    After many years of hurdles and delays, Philippines conglomerate San Miguel reached the first step of materialising a $14 billion greenfield airport, which last month achieved financial close on phase 1's land development works

Analysis Archive