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A28 Rouen-Alençon, France
Transport EuropeThe refinancing of the A28 toll road in France replaced three tranches of monoline-wrapped CPI-linked notes maturing in 2017, 2027 and 2032 with long-term bonds
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Data Analysis: Deutsche Bank blues
EuropeWider problems at Deutsche Bank have coincided with what appears to be a sharp decline in infrastructure investment by the German lender, following a couple of years of expansion
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India toll roads: all aboard
Transport Asia PacificOne of the world’s fastest growing countries is building new roads at a furious pace and investors, led by international blue chip funds, are piling in for a piece of the action
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Data Analysis: US toll roads on sale
Transport North AmericaA couple of high profile sales of US real toll road leases during 2015 and 2016 have attracted attention for the high equity values involved. With the market shown to be liquid for these types of vital transport assets, IJGlobal has learned of several further sales of US toll road leases underway
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PPK’s Proinversión reform
Power Latin AmericaFaced with several stagnant landmark projects which have failed to achieve financial close, new president Pedro Pablo Kuczynski (PPK) has pledged to reform the procurement of infrastructure assets
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Alberta's southwest Calgary ring road PPP, Canada
Transport North AmericaThe southwest portion of the Calgary ring road is both the longest and most complex section of the existing ring road to be built yet, it is also overall the largest transaction to close in the province of Alberta in 2016
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Japanese banks in the UK
EuropeWhile MUFG considers moving its European headquarter out of the UK, Japanese bank debt is heading towards the country’s infrastructure at greater volumes than ever
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Philippines: Time to catch up
Transport Asia PacificHaving fallen behind its neighbours despite robust economic growth over the past few years, the new administration of President Rodrigo Duterte has pledged to accelerate spending on infrastructure. And the Philippines is indeed looking at a huge pipeline, IJGlobal data reveals
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UK infra policy: a period of procrastination
Renewables EuropeThe UK government made a decision late last week not to give its National Infrastructure Commission statutory powers
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Data Analysis: North American Oil & Gas
Oil & Gas North AmericaThe number of project financings in the North American oil & gas sector has dropped by 82% year-on-year, while the total value of transactions is down $100 billion, IJGlobal shows.
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Take two for Egypt’s solar FIT
Renewables MENAEgypt’s round one 2GW solar feed in tariff (FIT) programme is in its final stretch before the financial close deadline. Terms of round two are being circulated, with sponsors and lenders apparently still keen to be involved
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Asian investors eye UK nuclear
Oil & Gas EuropeAs South Korea's Kepco considers investing in Moorside nuclear project, Asian investors look pivotal to the UK's nuclear ambitions
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Dubai’s determined renewables drive
Renewables MENAThe Dubai Electricity and Water Authority (DEWA) recently unveiled a five-part strategy aiming to cut carbon emissions 16% by 2020, adding to its existing target of a 75% share of renewable energy by 2050. The utility’s procurement programme has proven capable so far – and it may beat its previously set targets for 2020
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Project progress in Turkey
Transport EuropeLess than two months on from Turkey’s attempted coup, the country’s infrastructure developments seem to be progressing. While some banking sources say recent events mean they will proceed with caution on deals to come, many industry observers feel that the country’s underlying economics will continue to support interest from international lenders and investors
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Major oil and gas sell down
Oil & GasOil and gas major Royal Dutch Shell last week reached an agreement to dispose of its interest in several blocks in the Gulf of Mexico Green Canyon. It is not the only oil and gas company trying to sell off assets to raise capital.
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Magdalena River Waterway PPP, Colombia
Transport Latin AmericaThe Magdalena River waterway PPP, considered one of the most crucial infrastructure projects launched under President Juan Manuel Santos’ administration, has gained a new lease of life
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Asia project bonds: ready for take-off
Asia PacificA plentiful supply of cheap bank debt in Asia Pacific has meant the region has had little need for a project bond market. Until now
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Hope for Greece's infrastructure sector
Transport EuropeOver a six-year recession, Greece's GDP contracted by more than 25%. The upheaval has certainly been felt by the infrastructure and energy sectors, although this may be starting to change as new tenders are launched
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Egypt PPPs grounded
Transport MENAA lack of dollar-funding and government attempts to cut project costs have meant 2016 has been quiet for financial closes on public private partnerships (PPP) in Egypt. The country’s plans to procure a number of new projects under its PPP scheme, which IJGlobal revealed in October 2015, have had mixed results