Saturday, 31 January 2015
The Slovak Ministry of Transport has issued the tender for the D4/R7 motorway PPP, publishing a tender notice today. The road scheme includes sections of the D4 Jarovce – Raca and R7 Bratislava Prievoz – Holice, which form around 59km of the capital Bratislava’s ring road. The project will be carried out under a DBFMO contract lasting 30 years. The cost is estimated at about €1.35bn and the project’s total value is estimated to be roughly €4.35bn plus VAT over the contract’s life. The project will be availability-based. PwC, White & Case and the Obermeyer Corporate Group are advising the state. Deadline for applications is March 13.
The EU is betting on financial leverage to kick-start European growth through private infrastructure investment, and the EIB is about to dip its toes in rougher waters. Stefano Berra examines the nascent EFSI fund.
Just before the end of 2014, the Adana integrated health campus project reached financial close ahead of all other healthcare PPPs in Turkey. The project represents a critical turning point in the Turkish market as it will be financed exclusively by international commercial banks and financial institutions. By Yesim Bezen, partner, Aykut Bakirci, partner, and Onur Oksan, associate, Bezen & Partners.
Welcome to the 2015 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2014, through case studies and the PFI Awards, and look forward into 2015 with articles in the Global section of the book. This year we have interviewed and profiled a host of leading sponsors from the Americas, Asia-Pacific and Europe Middle East & Africa (EMEA) to take the market temperature – to see how the clients are viewing market prospects.
The project finance market in Europe has become intensively competitive as the number and type of debt providers grows. Banks are coming back strongly into the medium and long term debt market as the effects of the euro crisis fade. Institutional investors, attracted into the market to fill the gaps made when the banks left during the euro crisis, remain and indeed are growing keener on the infrastructure sector. In times of low interest rates and low inflation, the yield uptick offered by creditworthy projects is compelling.
The keenly awaited annual Project Finance International (PFI) Global Infrastructure report has been published at a time when the market is turning. More long term liquidity is available for infrastructure schemes, pricing on shorter term infraco deals is moving down encouraging sponsors back into bidding for assets and the projects pipeline is showing signs of growing once again.
PFI has released its first Best Practice in Asia report - at a time when the procurement and development of projects has never been more critical as the region seeks to ensure its infrastructure keeps pace with its economic growth. The report includes a range of views from senior project practitioners plus the first PFI Citations for best practice.
To read the PFI Magazine or Yearbook Digital Edition you will need to enter your details in the login section. If you have forgotten your password, or would like to find out more about PFI subscriptions, please email firstname.lastname@example.org.
The Global Energy report takes a look at the full range of issues currently exercising the project finance market - from funding schemes in Africa and obtaining finance for coal fired plants onto renewables, FLNG and the LNG boom in North Americas.
The need for rail road, power, port and resources infrastructure has become an economic priority for countries across the Asia Pacific. The lessons from past infrastructure financing failures have also been learned as governments, sponsors and lenders frame new financial structures that share and minimise financial risk during construction.
This is the 8th year that PFI is putting together an annual report on India. It comes at a special time when the country has just elected a new prime minister – Narendra Modi – the leader of Bharatiya Janata Party, who broke the status quo and is expected to bring marked changes to the direction the economy has been going through. The theme of the report will thus be “the rebooting of India”.