NYC looking at private parking deal
Mayor Bloomberg plans to issue a Request for Proposals in the coming weeks on a potential privatization of its parking meters. City officials have been quick to point out what would make a potential private transaction different from that of Chicago, reporting they will not be seeking an upfront balloon payment and will not give up control of setting meter rates.
Top Stories
.jpg)
Local banks in the pipeline
Local bank funding and liquidity is strong in Colombia and the sector can now fund significant energy and infrastructure projects in their own right. The latest deal to be financed is a US$2bn oil pipeline. By Alan Gersten.
Xayaburi gets a quiet deal
The Mekong River offers huge opportunity in harnessing hydropower. Xayaburi Power, the first of the nine proposed run-of the river hydropower plants along it, has quietly secured its funds. However, the controversies may cause delay. By Minerva Lau.
.jpg)
Italian funding costs rocket
The continuing rise of funding costs at Italian banks is starting to trickle down into the debt pricing of project finance deals. Two deals set to close this month demonstrate that even the shortest deals can pay the highest margins in the current climate. By Robert Smith.
Features
Minimising risk in the face of government action
The newspapers the past few weeks have been teeming with stories about foreign investors under fire from government officials worldwide. From Argentina and Bolivia, to Egypt and South Africa, governments are expropriating assets, cancelling concessions, and revoking licences. By Michael Nolan and Teddy Baldwin, Milbank Tweed Hadley & McCloy LLP.
Desal helped close Mexican wind deal
To complete a Ps8.9bn (US$692.4m) wind farm deal in Mexico, the developer needed 11 months, a new road, social engineering, nine banks and a desalinisation plant. By Alan Gersten.
PFI Energy Feed
For a concise daily summary of capital markets and M&A activity within the energy sector – including comprehensive deal data, analysis of trends, deal pipelines, people moves and interviews with the industry’s key players -Subscribe to the PFI Energy Finance Briefing today.
