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  • Michigan’s I-75 road, US

    Michigan closed on its second P3 deal in November 2018, and the project had a financing structure unique to the US market – private activity bonds. It had an accelerated timeline, going from preferred bidder to financial close in just under three months with four local civil contractors on board having achieved investment grade ratings from Moody’s and Kroll

  • Breaking a Radius and slashing bonuses

    Cancellation of the auction for Ørsted's Danish power distribution and street lighting businesses – Radius and City Light – has become a bone of contention for the infrastructure market as bidders are sent packing

  • 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

  • The French broadband connection

    Local authorities are plugging the gaps in France's high-speed broadband coverage left behind by traditional telecoms operators by awarding concession contracts under a PPP model

  • A bright future for Victorian solar

    Research by ANU’s Energy Change Institute earlier this year forecast that Australia would easily surpass the federal government’s 2020 renewable energy target of 33GW of new capacity

  • Offsetting the offtaker – corporate PPAs in South Africa

    eThala looks to prove a point with the 10MW The Harding biomass-to-energy plant – the validity of offtaking power in South Africa via a corporate power purchase agreement

  • New fundtiers: novel UK investment opportunities

    The last few weeks has seen the launch of several new types of speciality infrastructure fund for alternative assets in the UK. Each specialises in a niche proposition though all look to support the energy transition

  • 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

  • Java 1 CCGT/FSRU, Indonesia

    The procurement of the Java 1 combined gas-fired and FSRU was launched as an open tender, and was supposed to become the template for subsequent deals

  • 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

  • Royal Inland Hospital, British Columbia

    The recent financing of the Royal Inland Hospital Patient Care Tower project featured the first internationally accredited green bond in the Canadian P3 market

  • Ethiopia’s bold renewable energy ambitions

    Ethiopia has huge renewable energy potential. Its government estimates the country to produce roughly 45GW of hydropower alone, though only 5% of this potential has yet been realised

  • Dundonnell Wind Farm, Australia

    The Victoria government announced last September the six project winners of the first auction of the Victorian Renewable Energy Auction Scheme. Some two months later, Tilt Renewables had reached financial close on the A$560 million 336MW Dundonnell wind farm – the first under VREAS

  • 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

  • Brazilian power buyers flock to 'free' market

    Private power purchase agreements, increasingly prevalent in developed countries and some developing nations such as Mexico, are on the rise in Brazil

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