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Sunday, 24 September 2017

Sydney

WestConnex sale begins

Australia’s New South Wales government has officially launched the sale of its 51% interest in the Sydney Motorway Corp, the SPV that houses the WestConnex toll road projects. The deal is expected to be worth more than US$10bn. Expressions of interest opened today and binding bids are due early next year with a deal expected to be signed by the middle of next year. See story below.

USA

Rover takes midstream risk to TLB

PFI Issue 609 - September 20, 2017

Two transactions backing the Rover Pipeline have come to the TLB market. The project has struggled with a host of environmental challenges. By Alison Healey

LNG

LNG takes centre stage

PFI Issue 609 - September 20, 2017

PLN wants to have LNG delivered to its small-scale power plants. It is inviting developers and two schemes are currently in the market. By Minerva Lau.

UK

Track access required

PFI Issue 609 - September 20, 2017

The UK rail network is operating near or over its capacity. Plans to expand the network now face a crucial period. By Rod Morrison

Features

Offshore wind turbines have become bigger and cheaper

Renewable lenders face shifting risk profile

PFI Issue 609 - September 20, 2017

Falling costs of renewable energy reduce risks for top carbon-emitting nations as they move toward compliance with the Paris Agreement.  By Christopher Bredholt, vice president – senior analyst, and Swami Venkataraman, senior vice president, Moody’s Infrastructure Finance Team.

Argentine president Mauricio Macri and cabinet chief Marcos Pena

All systems go in Argentina

PFI Issue 609 - September 20, 2017

Argentina has turned from a pariah to an attractive location for investment in two years. How has it happened and where are the opportunities? By Nic Stone. 

PFI Global Infrastructure Report 2017

PFI Global Infrastructure Report 2017

PFI Global Infrastructure Report 2017

Infrastructure spending is a top priority for governments across the world including the new Trump Administration. Investors are looking for deals in which to place their money. Can the infra market provide well structured deal flow to keep the funding markets happy? PFI has published its Global Infrastructure supplement featuring a host of case studies and articles on current trends and issues.

PFI Global Energy Report 2017

PFI Global Energy Report 2017

PFI Global Energy Report 2017

The global energy finance market faces a range of new challenges and opportunities. PFI has published its Global Energy supplement featuring a host of case studies and articles on current trends and issues. The offshore wind sector is taking centre stage right now with Japan, South Korea and the US joining Europe in building out new developments. 

PFI EMEA Report 2017 Cover

PFI EMEA Report 2017

PFI EMEA Report 2017

The Project Finance International EMEA survey has been published – reviewing the extraordinary growth in the renewables market across Europe and some of the more exciting developments in Africa. Even in Spain, where the renewables market was quiet after a time of excess, a range of new projects are coming forward seeking project finance.

PFI Asia Best Practice Report 2017 Cover

PFI Asia Best Practice Report 2017

PFI Asia Best Practice Report 2017

Welcome to the PFI Best Practice Report. It is with great pleasure that I introduce the fourth Project Finance International (PFI) Best Practice in Asian Infrastructure Report.

PFI Comment

USA

Yankies waft in from paradise

Falling corporate bond spreads in the largest capital market in the world, the US, are forcing US investors to look overseas. Projects are benefiting but the boom will not last.

The 2017 Asia Citations

PFI+Citation+Winners+2017

PFI has awarded its 2017 Asia Best Practice Citations – this year focusing on smart urban infrastructure and financing. These Citations will be presented at a dinner, hosted by IE Singapore, on September 26 in Singapore.

Project Finance MLA 1H 2017

# Arranger (US$m)
1 CDB 6,590.2
2 MUFG 4,921.4
3 SMBC 4,608.4
4 SBI Capital 4,467.0
5 BNP Paribas 4,323.7
6 Credit Agricole 3,860.5
7 ICBC 3,774.0
8 ING 3,173.0
9 Bank of China 2,769.9
10 Societe Generale 2,761.0

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2017 here.

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PFI Yearbook 2017 Cover image

PFI Yearbook 2017

PFI Yearbook 2017

Welcome to the 2017 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2016, through case studies and the PFI Awards, and look forward into 2017 with interviews and articles in the Global section of the book.