Tuesday, 26 May 2015
The Philippine Department of Transportation and Communications is going ahead with the bidding for the Ps17bn Sasa Port privatisation and modernisation, despite calls from the Davao Region business community and local governments to reconsider the privatisation of the port. The department has scheduled a prequalification conference with interested parties this week. The Sasa Port modernisation is the first seaport project rolled out under the government’s flagship PPP programme.
By Simon Currie, partner and global head of energy based in Sydney, and Stephen Begley, partner in Singapore at global legal practice, Norton Rose Fulbright.
The resurgence of new nuclear power plant construction in the past decade, dubbed the nuclear renaissance, has faced several challenges, including political hesitancy in some markets to move forward with new projects after the Fukushima Daiichi accident of 2011, protracted licensing and construction schedules, and the difficulty in emerging markets of arranging for proper infrastructure to support nuclear power programmes. One of the principal challenges, however, to truly reviving the growth of nuclear power, has been obtaining adequate financing of the substantial capital cost of nuclear construction. By Elina Teplinsky, partner, and Vincent Zabielski, senior lawyer, Pillsbury Winthrop Shaw Pittman.
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 grip of Japanese institutions on the global project finance market remains tight despite growing competition among debt providers – banks and institutions – around the world. Heightened risks, however, face the titans of project finance as their clients seek to respond to global forces and markets.
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