Thursday, 16 August 2018
Italian ministers have threatened to revoke motorway concessions of Atlantia-owned Autostrade per l’Italia and have called on the company’s top executives to resign following the deadly collapse of a bridge the company operates in Genoa. Infrastructure minister Danilo Toninelli said he started procedures that could lead to the cancellation of Autostrade’s motorway concessions and a fine of up to €150m. Deputy prime ministers Luigi Di Maio and Matteo Salvini backed the requests. Autostrade said works to refurbish the bridge were being constantly monitored by the government and followed international best practices. Reuters reported the company’s executives are resisting calls to resign. Spreads on Autostrade’s bonds widened, following a similar path to Atlantia’s shares.
Financial investors are pouring money into Nordic wind farms. The range of revenue streams and risks for Scandinavian renewable projects is broadening. By Stefano Berra.
After three years of delays, all 27 projects from Round 4 of South Africa’s REIPPP tender have signed their financing documents. The results show slight to moderate improvements in terms, as well as some structural innovation, compared with the 15 Round 3 projects, which were all financed by early 2015. By Peter Collins.
How many times in Asia have those active in the regional energy and infrastructure project markets heard a particular country described as having “such tremendous need for energy and infrastructure investment” or, my own favourite, “that country X has so much potential for investors/bankers/advisers”, etc. By James Harris, partner, Jones Day.
While offshore wind energy infrastructure has blossomed in Europe, it has been slow to take off in the United States. But the tide is shifting, and activity in this sector is ramping up, with a number of states leading the way forward. By Jane Rueger, Kirsti Massie and Marius Griskonis, partners, White & Case LLP.
Welcome to the 2018 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2017, through case studies and the PFI Awards, and look forward into 2018 with interviews and articles in the Global section of the book.
The global infrastructure market is moving into new territories - both geographically and sector wise. PFI’s Global Infrastructure Report 2018 takes look at the new kids on the block and in addition, some of the legacies from the old era. The Report carries case studies on deals as diverse as German fibre optic, the Canakkale Bridge and the Los Angeles people mover scheme. In addition it carries in depth pieces on the construction woes which befell Carillion and the Canadian super hospitals.
Developments in the LNG market and the spread of increasingly cheap renewable technology are dominating the global energy market. PFI’s Global Energy Report 2018 examines the driving forces behind these and other trends through case studies of landmark deals and articles on important market shifts. The report looks at new technology such as energy storage and new funding options for renewables.
Hard, clear-cut decisions are probably easier to make than those requiring a more nuanced approach. The Midland Metropolitan contract and M25 debt procurement decisions show the point.
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