The Melbourne dig
The Melbourne metro scheme is truly immense. The A$6bn tunnels PPP scheme has now been awarded, following on from the A$4bn rolling stock deal last year. That adds up to a lot of availability payments from someone. In addition, there is a A$1bn train signalling and communications project, but that is being funded by the government rather than the private sector. Construction and build-out risk on these deals will be immense too.
Daily News Highlights
WIFIA tap starts to open
Water Infrastructure Finance & Innovation Act funding has been around since 2013. This year 12 schemes could kick start the programme. By Alison Healey
Paiton launches big refi package
Paiton Energy has launched a loan and bond financing package. This is the biggest power refinancing seen in Indonesia so far. By Minerva Lau
Mini TTTs take a bow
Plans to adopt a Thames Tideway Tunnel style procurement have moved forward. One company is already seeking advisers for a scheme. By Rod Morrison
Features
Maiden bond is a complex issue
The ACWA Power Management & Investments One transaction is a complex structured bond issuance, with a number of firsts attached to its name. Rohit Sinha, director of acquisitions and project finance, Shariq Rahman, director of corporate finance, and Arvind Mishra, executive director of tax, ACWA Power discuss the structuring and implementation.
Sub-Saharan pools and interconnectors
This article takes a look at the main power pools in sub-Saharan Africa (SSA), some of the key interconnector transmission projects in the region and some of the challenges they face. By Steven Gamble, director, Richard Metcalf, partner and Daniel Leslie, attorney, Norton Rose Fulbright.
PFI Global Infrastructure Report 2017
Infrastructure spending is a top priority for governments across the world including the new Trump Administration. Investors are looking for deals in which to place their money. Can the infra market provide well structured deal flow to keep the funding markets happy? PFI has published its Global Infrastructure supplement featuring a host of case studies and articles on current trends and issues.
PFI Global Energy Report 2017
The global energy finance market faces a range of new challenges and opportunities. PFI has published its Global Energy supplement featuring a host of case studies and articles on current trends and issues. The offshore wind sector is taking centre stage right now with Japan, South Korea and the US joining Europe in building out new developments.
PFI Comment
Putting a toe into US$90trn
The Asian project finance market has been dominated by commercial banks since year dot. There are signs this could be about the change as Asian project bond deal flow has picked up noticeably this month.
Most Popular
Project Finance MLA 1H 2017
| # | Arranger | (US$m) | |
|---|---|---|---|
| 1 | CDB | 6,590.2 | |
| 2 | MUFG | 4,921.4 | |
| 3 | SMBC | 4,608.4 | |
| 4 | SBI Capital | 4,467.0 | |
| 5 | BNP Paribas | 4,323.7 | |
| 6 | Credit Agricole | 3,860.5 | |
| 7 | ICBC | 3,774.0 | |
| 8 | ING | 3,173.0 | |
| 9 | Bank of China | 2,769.9 | |
| 10 | Societe Generale | 2,761.0 |
Digital Edition
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PFI Yearbook 2017
Welcome to the 2017 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2016, through case studies and the PFI Awards, and look forward into 2017 with interviews and articles in the Global section of the book.
