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Pamplona-Cúcuta Highway, Colombia
Transport Latin AmericaThe $520 million Pamplona-Cúcuta highway, one of Colombia's stalled 4G projects, stuttered to financial close amid the Covid-19 pandemic
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The great infra coverage up
Transport Latin AmericaA significant date in the project finance calendar – 31 March – slid past this week with little remark, but as we cringe our way through the financial Armageddon that is coronavirus, it’s unlikely such popular interest payment and calculation dates will be treated in the future in quite so blasé a manner
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ANI's president on the 5G road programme
Transport Latin AmericaStalled Fourth Generation (4G) road PPPs in Colombia will not delay the government launching the revamped 5G programme but the Covid-19 pandemic will, Manuel Felipe Gutiérrez, president of the national infrastructure agency (ANI), told IJGlobal in an exclusive interview
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Stir crazy and staying safe
Transport Latin AmericaWe’re all in the same boat now – moving like cagey tigers in our allotted territories, wading through thousands of unnecessary emails, wrestling with yesterday’s wonder technology innovation… all the while maintaining an ostensibly-genial appearance for the nearest and dearest
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Javiera, Sol del Desierto, Chile
Renewables Latin AmericaAtlas Renewable Energy financed a pair of solar projects in Chile in the US private placement market at the beginning of March, skillfully winning over a skeptical investor community that lacked positive experiences of financing renewables in the country
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EXCLUSIVE New kid on the block
Latin AmericaThe US International Development Finance Corporation is open for business, and the new development bank is keen to convey that it is not just a rebranded OPIC. With new tools at its disposal, it is eyeing opportunities in emerging markets, such as Latin America
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I Squared consolidates in Peru
Power Latin AmericaA year after private equity firm I Squared Capital completed the acquisition of a large renewable energy portfolio in Latin America, the fund tied up the final loose ends by refreshing the debt in place at the holdco level and on its newly consolidated Peruvian assets
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Banks and developers mull CFE's plans for renewables
Renewables Latin AmericaAs the Mexican government upends incentives, self-supply contracts and the market for clean energy certificates, project finance and investment bankers in New York and developers in Mexico City are attempting to gauge the impact and decipher the administration's motives
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B-Day landings in World War 5G
Telecoms Latin AmericaWow. What a week to have lived through. It started with UK prime minister Boris Johnson revealing that Huawei would be involved in the roll-out of 5G in Britain – potentially leading to a schism with the US – and ended with Brexit… a rift with Europe
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Wind developers persevere in Argentina
Renewables Latin AmericaDevelopers have brought a handful of wind projects in Argentina to financial close in recent months, having turned to development finance institutions and export credit agency wraps amid a lack of enthusiasm from commercial banks
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Slow progress for Brazilian offshore wind
Renewables Latin AmericaBrazil is only just beginning to develop an offshore wind market but there are some first movers who are already jostling for position at the start line
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Banks eye "boring" construction loans for Mexican CCGTs
Oil & Gas Latin AmericaA flurry of tenders for gas-fired projects in Mexico may be good news for construction contractors, but the prevailing state-ownership model means project finance bankers will be left to scrap over "boring" construction loans rather than meaty project finance mandates
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Institutional investors bid high on LatAm infra
Oil & Gas Latin AmericaIn search of greater returns, institutional investors from all around the globe seem to be increasingly prepared to take on greater risk. One example of this is a rising appetite for direct investment in Latin American infrastructure, with 2019 figures being three times higher than the full previous year
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Puerta de Hierro – Palmar de Varela 4G road, Colombia
Transport Latin AmericaThe latest project to reach financial close under Colombia's massive 4G road programme, the Puerta de Hierro – Palmar de Varela and Carreto – Cruz del Viso toll road crossed the finish line at a time when the Colombian government is pushing hard to move on the more troubled of the 4G projects ahead of the next generation of road concessions
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Brazil political risk for infra investors
Renewables Latin AmericaBrazil’s political risk is declining after a decades of tumultuous events. The political crises involving ex-President Luiz Inácio Lula da Silva, Odebrecht, Petrobras and Operation Carwash remain painful reminders to investors worldwide of unmeasured political economic risks
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No, actually… it’s all about us!
Oil & Gas Latin AmericaWhen we go out to meetings and dare to drop into the conversation the subject of awards nights, it can go either of two ways. Either they lean in, ears pricking up… or they peer at you through fingers, shaking heads vigorously
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The renewable race to refi
Renewables Latin AmericaAll you ever hear these days is doom and gloom. You’d think we were back in the days of box-toting bankers smiling ruefully for the cameras as they exit Lehman Brothers for a final time, liberated pot plant under arm
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DFIs push ahead in Argentina
Oil & Gas Latin AmericaWhile the wider economy faces significant uncertainty, DFIs have continued to support energy and infrastructure projects in Argentina
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BNDES - dominant no more?
Latin AmericaThe day capital markets are the main source of infrastructure finance in Brazil, replacing institutions that can offer subsidized interest rates or artificially-long tenors, might come sooner than some expect