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  • Privatisations remain airborne in Brazil

    The drive to bring private capital into Brazil's state-dominated airport sector has been constant in recent years, despite political volatility that has slowed down the privatisation process

  • IL&FS: project finance SPVs risk default

    The bankruptcy of Infrastructure Leasing & Financial Services is continuing to send ripple effects in the Indian market. In the latest twist, ring-fenced project finance SPVs are threatening to terminate debt repayments

  • The great Gatwick rumour mill

    Few things set the rumour mill droning on more than the sale of an airport. Factor into that the world’s biggest infrastructure fund, Europe’s busiest passenger hub, and eye-watering multiples… and you can barely hear yourself think

  • It’s beginning to look a lot like infra…

    Welcome to the final missive for the year written in the teetering shadow of a mountain of IJGlobal award submissions in advance of signing off for 2018 and wishing you all a merry Christmas and the very best for 2019

  • The 12 projects of Christmas

    Pick up the phone to anyone right now and the first thing you’ll be told is that they’re run off their feet and that the market’s “gangbusters” as everyone pulls together to get deals over the line before the end of the year… or Christmas, if you’re old school

  • Greece tries to swap EU funds for PPPs

    In early October, EU Commissioner for Regional Policy Corina Cretu visited Greece to inaugurate two major transport projects – the Tithorea-Domokos railway line and Thriassio Pedio Freight Complex

  • US airports – hashtag flying too

    Everyone has an airport horror story and – curiously – many of them occur in America. For a First World nation that embraced flight early as the favoured mode of transport, it remains a curiosity that the user experience is so… Third World

  • Italy's infrastructure under pressure

    At a time when Italy is in urgent need of investment in infrastructure, a number of projects are suffering delays due to indebted construction companies and political pressures. A dispute between the national government and the EU is creating economic uncertainty, and the recent Morandi bridge disaster is casting a dark shadow over all private sector-led projects in the country

  • Thailand – transport of delight

    Casting an eye around the global infra market for this week’s missive, the first thought was to write about American airports, but Thanksgiving put the kibosh on that. The second option was PPP across Asia Pacific, but that’s just too much shoe-horn into one story. Then, after a few calls with chums in Singapore, the eye fell on Thailand… and stayed there

  • The Caribbean – welcome to PPParadise

    Many people find it hard to look beyond sun-drenched beaches and cocktails when it comes to the Caribbean. But with 28 countries and a combined population of 42.5 million, there’s a strong argument for rebranding it “the land of sun, sea and PPP”… if it can follow the example of Jamaica

  • Philippines: Build, Build, Build

    The Philippines has gone beyond its historically mediocre growth pattern to become one of the fastest growing nations in Southeast Asia. However, the country still suffers high levels of unemployment and poverty, and its infrastructure is crumbling

  • Airports – a folly by any other NAIM

    The worst thing any country with ambitions to drive an infrastructure investment programme can do is to cancel a headline project when it’s well on the way through construction

  • PPP – drip, drip… silence

    Throughout history the UK has been responsible for numerous infrastructure inventions that have rocked the world – from the jet engine through to pneumatic tyres, the telephone, railways, good old tar macadam… and PPP

  • Qatar’s infrastructure race to 2022 and beyond

    In September, Qatar’s Minister of Municipality and Environment HE Mohammed bin Abdullah al Rumaihi unveiled the Gulf state’s plans to set aside around $5.49 billion in 2019 for the ongoing revamp of Doha’s infrastructure in the run-up to the 2022 FIFA World Cup

  • Infra funds – cards on the table again

    In anticipation of publication of our quarterly funds and investors report, the temptation is too great to hold back our key findings, laying our cards on the table and smiling knowingly at rivals that our data wins the day again

  • Blankenburg Tunnel, Netherlands

    As one of the last projects in the current Dutch PPP programme – which has often (and rightly) been described as the posterchild for efficiency – procurement for the Blankenburg Tunnel should have been a demonstration of the speed and ease with which the cogs turn in a well-oiled machine

  • Tibar Bay Port: Timor-Leste’s first-ever PPP

    Originally conceived in 2012, Timor-Leste’s first-ever PPP – Tibar Bay Port – has reached financial close and is expected to serve as the template for other transactions going forward

  • Shouting at credit committees

    After a lumpy year to date and a deathly-quiet August, the global infrastructure community is bracing for a rush to Christmas with many fearing that the first quarter of 2019 will be fairly sedate – particularly in Europe

  • FAA bill revision – a game changer for US airports?

    The airports sector in the US has both fascinated and frustrated the private sector given the huge potential for investment. But in the last month, the Federal Aviation Administration’s reauthorization bill has made important revisions – including removing the cap on the number airports that can be leased and allowing the public sector to retain a stake in a potential project

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