sections

Tuesday, 23 September 2014

Finland train

Finnish tram PPP planned

The city of Tampere is considering tendering a new tramway project under a PPP contract. The project would include two double-track lines with a 23.5km length and 33 stops. The city has a population of 210,000 and expects 48,000 passengers will use the tramway daily by 2030. The estimated cost is €250m, 30% of which would be provided by the Finnish government. The project has been approved in June, and Tampere held the first meeting with the market last week. In addition to the PPP model, the city is also considering a life-cycle framework in which the city is responsible for the financing of the project, and a turn-key contract. The project is expected to be tendered next year.

Louisiana

Sasol PF out

PFI Issue 536 - September 10, 2014

The project financing to back the expansion of the Sasol petrochemical plant in Louisiana has been launched to debt funders and bids are due back in early October. The deal is one of the first significant petrochemical project financings in the US to take advantage of the cheap ethane feedstock prices available due to the shale gas boom in the country. By Rod Morrison and Alison Healey.

Modi

JBIC moves in

PFI Issue 536 - September 10, 2014

The visit of Indian Prime Minister Narendra Modi to Japan was accompanied by the standard PR. But this time the deals signed could actually make a crucial impact on Indian infrastructure. By Minerva Lau.

Potash

Russians still around...

PFI Issue 536 - September 10, 2014

Russia Inc faces the prospect of more sanctions this week. But key international financings are still being progressed despite the cold capital markets climate. By Rod Morrison.

Features

Scotland

Renewables in an independent Scotland

PFI Issue 536 - September 10, 2014

Those with an interest in renewable energy projects located in Scotland will, like many other people, be looking forward to learning the outcome of the referendum on Scottish independence that is due to take place on September 18. By Conrad Purcell, senior associate, Norton Rose Fulbright.

UK

CfDs – A personal assessment

PFI Issue 536 - September 10, 2014

This article is a personal assessment of the new Contracts for Difference (CfD) support scheme for low carbon generation, which is the biggest change to the UK electricity markets since privatisation in 1990. By Charles Yates, managing director, CY Consultants.

PFI Global Infrastructure Report Cover 2014

PFI Global Infrastructure Report 2014

PFI Global Infrastructure Report 2014

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.

Hubbing in Singapore

PFI Asian Best Practice Report

Singapore, with its developed infrastructure, has a new offering to its neighbours. It is presenting a platform that will help them address issues on infrastructure development, at the same time encouraging a best-practice approach. By Minerva Lau.

PFI India Cover 2014

PFI India Report 2014

PFI India Report 2014

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”.

Ethane

Ethane is a new risk

Project bankers in the petrochemical sector have been spoilt until now. A typical petchem deal involves a fixed feedstock price, some tolling perhaps, sponsor completion guarantees and a firm off-take with perhaps some cash trapped in the project for the inevitable sector downturns. That benign environment could be about to change.

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Project Finance MLA H1 2014

# Arranger (US$m)
1 BNP Paribas 5,825.0
2 SMBC 5,515.1
3 Mitsubishi UFJ 4,947.7
4 Credit Agricole 3,746.4
5 Mizuho 3,560.7
6 HSBC 3,498.7
7 ING 3,160.0
8 CBA 3,092.0
9 Societe Generale 2,710.7
10 RBC Capital Markets 2,399.1

PFI Global Energy Report Cover 2014

PFI Global Energy Report 2014

PFI Global Energy Report 2014

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.

PFI Asia-Pacific Report Cover 2014

PFI Asia-Pacific Report 2014

PFI Asia Pacific Report 2014

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.