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US and China – first responders
North AmericaThe US Senate on 3 October passed the Better Utilization of Investments Leading to Development Act. It aims to facilitate the investment of $60 billion in developing countries through a newly formed development finance agency – the US International Development Finance Corporation
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Cory Riverside Energy refinancing, UK
Renewables EuropeIn the recent auction of UK energy-from-waste plant operator Cory Riverside Energy, BNP Paribas offered to provide a substantial debt underwrite for the Dalmore Capital-led consortium that ultimately emerged victorious. Four months later, the bank closed the syndication of a £554 million debt package, bringing banks and institutions into the deal
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PPP – drip, drip… silence
Transport EuropeThroughout 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
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Qatar’s infrastructure race to 2022 and beyond
Transport MENAIn 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
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Kwinana energy-from-waste plant, Australia
Renewables Asia PacificThe 36MW Kwinana EfW plant in Western Australia is the first large-scale thermal EfW project to be financed in the country
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Infra funds – cards on the table again
Oil & Gas EuropeIn 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
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Blankenburg Tunnel, Netherlands
Transport EuropeAs 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
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Tibar Bay Port: Timor-Leste’s first-ever PPP
Transport Asia PacificOriginally 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
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Albania: Learning the ABC of PPP
EuropeIn September this year, Albanian Minister of Infrastructure and Energy Damian Gjiknuri reiterated his support of the PPP model as a means of improving public infrastructure in the country. Albania’s crumbling infrastructure is characterised by alarming deficiencies across various sectors – including roads, railways, telecoms, ports and airports – constraining trade and connectivity
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Shouting at credit committees
Oil & Gas Sub-Saharan AfricaAfter 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
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FAA bill revision – a game changer for US airports?
Transport North AmericaThe 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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Northwester 2 offshore wind, Belgium
Renewables EuropeAs Belgium looks ahead to the next round of offshore wind auctions scheduled for 2020, hoping to emulate Germany and the Netherlands by attracting zero-subsidy bids, a Japanese-Belgian consortium reached financial close on Northwester 2 – which could be one of the last subsidised offshore wind projects in Belgium
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Powering down Peru's renewable energy auctions
Renewables Latin AmericaDespite being a steadily growing investment grade economy with a relatively stable currency and consolidated rule of law, Peru has in recent time not received as much attention from international energy developers and investors as some of its LatAm peers. This has much to do with the sense that Peru has overbuilt its power market
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Turkey – unclogging the fan
Transport EuropeThe Turkish currency crisis is causing ripples around the international infrastructure finance community with all parties active in the nation reaching for project documentation to ensure they are not about to take a severe haircut
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Policy shaping Australian renewables landscape
Renewables Asia PacificAustralia's National Energy Guarantee may have been abandoned by new prime minister Scott Morrison, but appetite for renewables investments in the country remains strong, especially among infrastructure funds
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Acquisition of North Sea Midstream Partners, UK
Oil & Gas EuropeThe acquisition of North Sea Midstream Partners was a major win for Kuwait sovereign international investor Wren House Infrastructure Management, and followed a competitive auction process in which bidders leapt to pre-empt the binding offer deadline by around a week
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EIB… something for the weekend?
Transport EuropeBack in the PPP pipeline days, you could set timing on the project finance of any old piece of European infrastructure by the tired mantra of lenders intoning: “And… yes… you can count on the EIB taking half the debt”
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The Peruvian PPP push
Power Latin AmericaPeru is one of many countries around the world hoping to boost economic performance by closing its infrastructure gap