European Report 2010
The European infrastructure market is currently in a state of flux. The boom pre-financial crisis days were replaced last year by the stimulus programme days. Now the stimulus programmes seen to be coming to an end as governments concentrate on cutting budget deficits. Is the outlook therefore bleak for European infrastructure deals?
Two phases of the €2.5bn Barcelona Metro Line 9 PPP have reached financial close and two more are pending. The scheme is one of the biggest metro rail projects in Europe. By Azadeh Sharafshahi.
Five lenders have signed the €700m 6-1/2-year construction facility for the Flemish school PPP, an ambitious school infrastructure renovation programme that incorporates more than 200 separate projects within one SPV. By Azadeh Sharafshahi.
UniCredit and Efibanca have entered as MLA and lenders a loan agreement with Summano Sanità SpA, the concessionaire of the Thiene-Schio hospital project, near Vicenza in north-eastern Italy. By Angelo Colombo, UniCredit.
Skanska and Innisfree have reached financial close on the landmark New Karolinska Solna (NKS) hospital PPP project. By David Rose and Richard Dodson of RBC Capital Markets’ social infrastructure team.
The UK PFI sector has faced, and continues to face, various challenges. Umer Ahmad, director, infrastructure and structured project finance at Barclays Corporate, reviews those challenges in the light of financing a specific deal.
The PPP market in Ireland remains active despite the crisis. By Donal Murphy, director, Global Project Finance,Bank of Ireland.
In August, the director general of projectco Northern Capital Gateway, Sergey Emdin, introduced the Pulkovo airport development project to a FIFA commission as part of Russia’s 2018/2022 World Cup bid. By Mark Kolmar.
After a raft of proposals for new transport infrastructure and the privatisation of existing assets, Turkey’s infrastructure sector fell quiet in recent years as credit markets tightened. Now, some major projects are grabbing the attention once again. By Mark Kolmar.