• US transportation: The 11th hour fix

    Sakshi Sharma Transport North America

    Days away from allowing the US federal Highway Trust Fund to reach insolvency, Congress finally approved $10.8 billion in funding to the scheme. But the congressional bill is a short-term remedy and raises larger questions around the lack of long-term infrastructure funding in the US

  • CPV's St. Charles and EIF's Newark power projects

    Jinjoo Lee Power North America

    As commercial banks look for market share in the US power market many are turning to merchant power projects, albeit with hedges that provide pricing certainty similar to a short term power purchase agreement (PPA)

  • Pakistan’s power problems

    Jamie Bullen Power Asia Pacific

    Circular debt is an accepted and long running risk for Pakistan IPPs. But the country needs outside investment to fix its power problems. The country’s heavy backers, the Chinese, may not accept continuing circular debt

  • ICA toll road refinancing, Mexico

    Rosie Fitzmaurice Transport Latin America

    Last month Mexican construction firm Ingenieros Civiles Asociados (ICA) closed a Ps3.8 billion ($294 million) bond refinancing which combined revenues from a toll road concession and a hybrid toll/availability-based highway project

  • 2i Rete Gas refinancing, Italy

    Tom Nelthorpe Oil & Gas Europe

    F2i and Ardian last month closed a €2.45 billion bank and bond refinancing of their 2i Rete Gas distribution assets, marking the largest combined bank and bond refinancing in Italy to date

  • Carry on Cairo?

    Jon Whiteaker Oil & Gas MENA

    Newly elected President of Egypt Abdel Fattah el-Sisi has prioritised major infrastructure projects for his first term in office but despite the rhetoric, the North African country has a lot to do before it can start to attract significant international investment

  • Axione Infrastructures refinancing, France

    Alexandra Dockreay Telecoms Europe

    Axione Infrastructures' (AI) recent bond issue - to refinance 11 of its network concessions - saw the French company achieve long term financing of 11 years, a tenor longer than is typical for the telecommunications sector

  • South Stream and the political battleground

    Elizabeth Kemble Oil & Gas Europe

    With the expansion of US sanctions against Russia, the regulatory dispute between the EU and Russia, and the resignation of Bulgaria’s government, the ongoing feasibility of Gazprom’s $50 billion South Stream project is being questioned

  • North Island Hospitals, Canada

    Sakshi Sharma Social & Defence North America

    The financial close of the North Islands Hospitals project in Canada marks the first ever green bond issue for a Canadian social infrastructure PPP project

  • US LNG's new prospects for Asian offtakers

    Jinjoo Lee & Brian Eckhouse Oil & Gas

    The developers of natural gas liquefaction projects want to lessen their dependence on debt from export credit agencies. Will this free them to work with different offtakers?

  • Alto Sertão II, Brazil

    Rosie Fitzmaurice Renewables Latin America

    Renova Energia's R$1.044 billion ($468 million) debt-financing for the Alto Sertão II wind complex represents one of the largest Brazilian renewables financings to date

  • Pagbilao 3, Philippines

    Thomas Blott Power Asia Pacific

    The Ps44.09 billion ($1 billion) project financing for Pagbilao power plant phase 3 is the largest ever project financing in the Philippines funded exclusively by local lenders

  • Vietnam’s PPP law

    Jamie Bullen Transport Asia Pacific

    Vietnam has just delayed the introduction of its PPP law. The news is a setback as the country is in need of the extra investment a transparent PPP process would help attract

  • Tamar refinancing, Israel

    Tom Nelthorpe Oil & Gas MENA

    The successful – and attractively-priced – five-tranche $2 billion bond refinancing for Delek Group’s stake in the Tamar gas field should make bonds more attractive to other upstream producers

  • Italy ready for its first project bond

    Alexandra Dockreay Transport Europe

    International banks are already marketing what would be Italy’s first project bond financing for the transport sector and with new legislation approved yesterday (19 June 2014) private placements will be possible for the first time in the Italian market

  • Metro Power, Pakistan

    Antony Collins Renewables Asia Pacific

    Pakistan’s Metro Power marks the IFC’s first investment into a wind project in Pakistan and demonstrates the influence multilateral financing can have in boosting the attractiveness of the renewables sector amongst domestic banks

  • US carbon regulations: inevitable and far-reaching

    Brian Eckhouse Renewables North America

    A recent decree from the US Environmental Protection Agency to slash US carbon emissions further is not unexpected, but could it signal the end for coal-fired power in the US?

  • Sohar Refinery, Oman

    Jon Whiteaker Oil & Gas MENA

    The latest $2.8 billion financing raised by Oman Oil Refineries and Petroleum Industries Company (ORPIC) for its Sohar refinery is part of a wider strategy to boost Oman’s downstream industrial capacity

  • Aberdeen takes over SWIP

    Sarah Tame Europe

    Aberdeen Asset Management enters infrastructure with the acquisition of Scottish Widows Infrastructure Partners as investor objectives shift to predictable and stable cashflows



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