Saturday, 30 July 2016
The French government has selected the Atlantia/EDF Invest consortium as the winner for the privatisation of Nice Cote d’Azur airport, with a bid of €1.22bn. It also picked a group of Vinci/Predica/CDC as the winner for Lyon Saint Exupery airport, with a bid worth €535m. The state is selling a 60% stake in each airport.
Nexant is frequently asked to comment on EPC construction costs, both in feasibility studies as well as in the financing of projects. This article looks at the impact of the weakening in commodity markets on the EPC sector, in an attempt to understand the quite distinct outcomes seen in the market. By Aline Ingram, senior consultant and Alastair Hensman, vice-president; Nexant Limited, London.
There has been a significant rise in US natural gas exports to Mexico in the past few years. By Dan Michalchuk and Dan Bartfeld, partners, Sean O’Neill and Michael Evry, associates, Milbank Tweed Hadley & McCloy LLP.
The three largest insurance groups in Germany are emerging as dominant institutional investors in the European infrastructure debt market. By Stefano Berra.This market now encompasses the full range of players in the global capital markets – from private equity to large scale pension and insurance funds and sovereign wealth funds on the equity side onto institutional debt providers, investment banks and commercial banks on the debt side.
Asian banks are set to join the global project finance party in a big way – but for differing reasons. While China has embarked on an overseas investment spree, South Korea is seeking export led growth. Whatever the reasons behind their moves, these banks are emerging as key players.
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Welcome to the 2016 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2015, through case studies and the PFI Awards, and look forward into 2016 with articles in the Global section of the book.