Norway to launch road PPPs
Norway’s road authority Vegvesen has organised a meeting on October 18 to present the next two road PPPs to the market. The authority will detail its implementation plan and schedule for the NKr10bn (€1bn) Rv 555 Sotrasambandet near Bergen, which includes a nearly 1km suspension bridge, and the NKr6bn–NKr7bn E10/Rv 85 in the far north of the country. The two availability-based projects follow the NKr2.6bn Rv3/Rv25 motorway PPP awarded to Skanska and financed earlier this year.
Daily News Highlights
States take varied approaches to offshore wind
New England-based offshore wind projects have dominated PF discussions for several months. New Jersey’s move to the forefront in recent weeks highlights vastly different state agendas. By Alison Healey.
State governments bet on renewables
Australian state governments are pushing ahead with renewable auctions. Victoria has awarded 1GW and more auctions are in the pipeline. By John Arbouw.
African PF securitisation signed
The African Development Bank has securitised US$1bn of project finance and other loans. Synthetic securitisation is expanding from commercial banks to DFIs. By Stefano Berra.
Features
Blauwwind PF tests low tariff regime
On June 28 2018, the debt and equity financing of the 731.5MW Blauwwind offshore wind project in the Netherlands closed. By Frank Janse, who led the Green Giraffe advisory team on the transaction from mid-2016 until financial close in June 2018, and Tobias van Baarsen, Green Giraffe.
Bankable construction contracts – Key PF issues
At the heart of many project finance transactions – whether a greenfield development of new assets or a brownfield refurbishment of existing assets – lies a construction contract, most commonly an EPC contract. A typical construction contract for an energy or infrastructure project can be hundreds of pages long supplemented with a set of annexes that can also run into hundreds of pages, so can be a daunting document to review on behalf of project lenders. This article seeks to demystify the process of reviewing a construction contract from a financing perspective. By Karen Goepfert, senior editor, Practical Law Finance.
2018 PFI Yearbook
Welcome to the 2018 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2017, through case studies and the PFI Awards, and look forward into 2018 with interviews and articles in the Global section of the book.
PFI Global Infrastructure Report 2018
The global infrastructure market is moving into new territories - both geographically and sector wise. PFI’s Global Infrastructure Report 2018 takes look at the new kids on the block and in addition, some of the legacies from the old era. The Report carries case studies on deals as diverse as German fibre optic, the Canakkale Bridge and the Los Angeles people mover scheme. In addition it carries in depth pieces on the construction woes which befell Carillion and the Canadian super hospitals.
PFI Global Energy Report 2018
Developments in the LNG market and the spread of increasingly cheap renewable technology are dominating the global energy market. PFI’s Global Energy Report 2018 examines the driving forces behind these and other trends through case studies of landmark deals and articles on important market shifts. The report looks at new technology such as energy storage and new funding options for renewables.
PFI Comment
Concessions are great
The idea of using the concession model for procuring infrastructure projects has taken some stick of late, with some PPPs in both the UK and Canada under the cosh recently. Utility regulators, however, are starting to love them.
Most Popular
Project Finance MLA 2018 H1
| # | Arranger | (US$m) | |
|---|---|---|---|
| 1 | MUFG | 5,889.1 | |
| 2 | SMBC | 4,577.9 | |
| 3 | Societe Generale | 3,295.7 | |
| 4 | ING | 3,264.3 | |
| 5 | Credit Agricole | 3,220.3 | |
| 6 | Santander | 3,209.3 | |
| 7 | Morgan Stanley | 2,687.5 | |
| 8 | BNP Paribas | 2,665.9 | |
| 9 | Mizuho | 2,450.8 | |
| 10 | ICBC | 2,313.5 |
Digital Edition
Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2018 here.
To read the PFI Magazine or Yearbook Digital Edition you will need to enter your details in the login section. If you have forgotten your password, or would like to find out more about PFI subscriptions, please email IFR.ClientSupport@thomsonreuters.com.
