Wednesday, 01 October 2014
Belgium’s city of Antwerp is set to launch a tender to design, build, finance and maintain new headquarters for the municipal police force. The city’s real estate agency AG VESPA is looking for a private partner to build a new building for the majority of the front and back office services of Antwerp’s police. The project will have an area of around 40,000m2 and 750 parking spaces, plus 320 bycicle parking spaces. It will include office space for about 800 workstations and areas for detention, shooting training and other police-specific activities. The private partner will also have to propose a location for the building, within a designated area north of the city centre, on the right bank of the Scheldt river. The PPP contract will last at least 20 years. The city will open the tender on November 1.
Sembcorp is acquiring two coal-fired power plants in China as part of the expansion of its energy business. The move is a first for an international developer in China in a long while. By Minerva Lau .
One of Europe’s largest toll road operator is set to approach the debt market for a huge refinancing. The company is looking to take advantage of increasing liquidity in the banking market. By Stefano Berra.
Mexican President Enrique Peña Nieto finally signed the legislation implementing the eagerly awaited Mexican energy sector reforms in early August. “It is the moment to put the energy reform into action,” he said at the signing ceremony at Mexico City’s National Palace. By Nic Stone.
Since the enactment of the new Foreign Investment Law (FIL) in Myanmar in late 2012, a number of foreign-invested power projects have been licensed. While progress to-date has been slow, there are strong reasons to expect an increase in momentum on these projects. By Stephen McWilliams and John MacKay, Latham & Watkins LLP, and Edwin Vanderbruggen, VDB Loi.
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.
Japan Inc has spread its wings across most of the globe – in the developed and developing world. Latin America is a key example. The place it has been relatively quiet in is Africa, but that is changing with project deals being announced in the oil and gas and power sectors. And where Japan Inc goes, its banks usually end up too.
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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”.