It is with great pleasure that I introduce the second Project Finance International (PFI) Best Practice in Asian Infrastructure Report.
The PFI EMEA report provides valuable insights into the market via case studies of leading deals in the region and articles covering key issues. The report details two of the major deals this year - Thames Tunnel Tideway and the Veja Mate offshore windfarm – plus the cheapest solar tariff deal in Dubai. The report looks at projects as diverse as Port of Calais, Maamba Power and Breda court and examines how they were structured and financed.
It’s been a year since Narendra Modi – the leader of Bharatiya Janata Party, has been elected into power to head the Indian government. Last year, the PFI report looked at “Rebooting India”, offering ideas and proposals from the financial market and developers on how to ease the bottleneck and problems facing infrastructure development. Since then, the government has started to introduce more transparency in the implementation of pro-growth policies.
As the confidence in the debt markets reaches new post global financial crisis highs and the investment community remains keen on finding new assets to finance, a key question in the report concerns deal flow. Where will the next deals come from?
With global energy markets in a state of flux following the collapse in the oil price from last autumn onwards, the timing of the publication of the report could not be better.