Thursday, 02 April 2020
Highways England has shortlisted three joint ventures to bid for the construction contract on the £1.7bn A303 Stonehenge Tunnel. The scheme was due to be financed via a PPP-style contract before PPP was cancelled. The funding source has yet to be determined but the government has not ruled out private finance on its big infrastructure deals. The bidders are: BMJV, Bouygues Travaux Publics and J Murphy & Sons; HDJV, Hochtief Infrastructure and Dragados; and MORE JV, FCC Construccion, Salini Impregilo and BeMo Tunnelling UK.
Tens of billions in emergency support have been announced by multilaterals to combat the effects of coronavirus. This is expected to be a just a “first step”. By Peter Collins, Nic Stone and Minerva Lau.
The current coronavirus pandemic is affecting most of the world’s population, in ways and on a scale that has never before been seen or experienced in our lifetimes. By James Harris, partner Singapore, Catherine Bendeich, special counsel Melbourne, and Sonal Shah, partner London, Pinsent Masons.
When it comes to effectively reducing and managing disputes, the more complex the project, the more important attention to the basics becomes. By Meagan Bachman, partner, Squire Patton Boggs.
Welcome to the 2020 Refinitiv Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2019, through case studies and the PFI Awards, and look forward into 2020 with a range of articles in the Global section of the book.
The global infrastructure market in 2019 has seen a range of deals financed and plenty of new plans hatched. The problems in the contracting sector remain, however. PFI’s Global Infrastructure Report 2019 case studies leading deals such as Gordie Howe, Florida Rail, Paraguay’s Corredor Bioceanico, Shuqaiq IWP, Tours-Bordeaux and Belgrade Airport. Themes such as China’s Belt & Road and Thailand’s Eastern Economic Corridor are examined and the problems with US and Australian construction projects are revealed.
The renewables sector remained the most vibrant energy market over the past year, while the TAP pipeline brought back attention to mega oil & gas projects. PFI’s Global Energy Report 2019 looks at emerging renewables markets, such as Poland and Vietnam, alongside established ones, such as Belgium and Scotland, with an eye on the boom under way in Spain and Australia. The report examines new structures such as US energy P3s and Asian Green bonds and offers an outlook on LNG and FPSO financings.
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So I guess the first thing you do during a global pandemic is reserve your rights under contract. Then you dust yourself down in your new office, next to the lounge area downstairs, and move on.
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