Europe Report
Europe Report 2008
For the first time – certainly the first time for many years – traffic levels on the main inter-urban highways are falling.
PF banks have it covered
Project finance and infrastructure loans have been viewed as an attractive asset class for structured finance transactions for several years now. By Matthew Job, counsel in Linklaters' Global Projects Group and Andrew Vickery, managing associate in Linklaters' Structured Finance Group.
New Tyne – A second track
The Tunnel 2K International is a 2km link operating with traffic well over its initially designed capacity. A second Tyne tunnel will now ease the congestion. By Kim Locherer of CIBC World Markets.
Coentunnel – A second track
In June 2008, financial close was reached for the Second Coentunnel project, one of the largest Dutch PPP projects so far. By Daan van der Heijden, director PPP-infrastructure finance at Fortis Bank, and Matthew Jones and Tom Eldridge, partners at Denton Wilde Sapte.
M6 phase two step
This brief case study analyses the Hungarian recipe for fast-track PPP procurement and looks for lessons that could be exported to Western Europe. By Brett Forbes, managing director, ING infrastructure and advisory, and Bela Kilyenfalvi, ING Budapest.
Keeping high speed rail on track
Mammoth high speed rail projects in France and Portugal are leading Europe’s new wave of TGV financings but bankers are struggling to provide the long tenors and gigantic amounts of debt that bidders are seeking to clinch a concession. By Greg Roumeliotis.
Return of the radiales
The radiales real toll roads will soon be asking for refinancing after their mini perms expire, a difficult proposition given that recent traffic has seen a downturn. By Greg Roumeliotis.
Framework for Slovak roads
This article looks at some challenges ahead for sponsors and lenders. By Victoria Westcott, a partner at White & Case LLP specialising in project and asset finance and based in its Paris office.
Irish PPPs for all
The biggest deals in Ireland’s PPP market continue to be rail projects, but sizeable deals can be found across the transport, leisure, prison, health, education and power sectors. By Mark Kolmar.
PPP developments in Russia
The PPP Centre is a structural unit of state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank). By Alexander Bazhenov, director of PPP Centre, Vnesheconombank.
