SA DoT lines up projects

South Africa’s Department of Transport has outlined a number of rail projects planned in the country. Amongst the highest priorities is a Tshwane to Moloto commuter rail corridor, which has already been registered with the Treasury as a PPP. Three possible high-speed links have also been identified, each from Johannesburg and running to Durban, Cape Town and Musina, and the Passenger Rail Agency also needs a R95bn investment in rolling stock.

Energy projects sprout in Chile

Chile, still smarting from Argentina cutting off its natural gas imports, is trying to expand and diversify its energy matrix. That has become even more important this winter, one of the coldest ever in the Southern Hemisphere. By Alan Gersten.

Indian alumina attracts

Utkal Alumina International, a wholly owned subsidiary of Hindalco Industries, is setting up an alumina refinery complex in Orissa, India. It has raised a loan of some US$1bn from domestic and international banks. Minerva Lau writes.

Offshore tests

The bank funding market faces important challenges in the offshore wind project sector. Two deals are currently in the market that will test lenders’ abilities. By Azadeh Sharafshahi and Rod Morrison.

Heightened risk

PFI issue 439 - August 25, 2010

This year has seem two huge natural disasters – in Chile and Pakistan – that have ripped up energy and infrastructure assets and destroyed countless lives.

Terra-Gen lands a billion

PFI issue 439 - August 25, 2010

Terra-Gen Power recently went to the market to finance Phases II–V of its Alta Wind Energy Center in the Tehachapi-Mojave area of California, and landed more than a billion dollars in committed capital. By Adam Umanoff and Patrick Erickson, Chadbourne & Parke.

Keeping Dallas on the move

PFI issue 439 - August 25, 2010

The private activity bond component of the IH-635 financing received a positive reception from investors despite the difficult prevailing market conditions. By Jennifer Hein, Ursula Hyman and Warren Lilien, Latham & Watkins.