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Infrastructure & project finance

April 2018  |  SPECIAL REPORT: INFRASTRUCTURE & PROJECT FINANCE

Financier Worldwide Magazine

April 2018 Issue


For any entity – be it a public authority, project sponsor, project promoter or an issuer – seeking financing for infrastructure projects is no easy task. These entities need to be able to raise debt finance through banks and the capital markets, while taking account of the impact of planning and procurement issues on the transaction process. Moreover, the usual complexities involved in sourcing finance have been complicated even further by widespread changes in the bank lending market since the global financial crisis. Having said that, there are ways and means of unlocking infrastructure financing – as long as those seeking funds take into account some key considerations in the financing and planning process.

FORUM: Creating value and managing risk in emerging market infrastructure

Geoff Haley, founder and chairman of the IPFA, moderates a discussion on creating value and managing risk in emerging market infrastructure between Richard Fechner at GHD Advisory, Heru Mardijarto at Makarim and Taira S., Oliver Irwin at Milbank, and Joanne Emerson Taqi at Norton Rose Fulbright (Middle East) LLP.

Bidders need to pay close attention to the details of procurement documents

DLA Piper (Canada) LLP As the infrastructure market matures and participants become more familiar with the procurement methods and, in many cases, the template procurement documents used, it is easy to lose sight of the need to pay attention to the details of what is...

Private finance is dead: long live private finance

Sharpe Pritchard LLP In 1897 a journalist (thinking him to be on death’s door) was sent to enquire after American author, Mark Twain’s, health. Twain, who was in fact perfectly well and would go on to live until 1910, reportedly stated that, “reports of [his] death...

Connectivity and data storage as a ‘core plus’ infrastructure asset

Allen & Overy LLP In recent years, funds investing in infrastructure have shown much greater interest in connectivity and data assets as part of the ‘core plus’ infrastructure asset class. There are a number of reasons for this increased interest including continued...

Infrastructure – is the price of low cost too high?

CMS Cameron McKenna Nabarro Olswang LLP The need for investment in the UK’s infrastructure is universally accepted, with the means of funding the investment in these cash-straitened times hotly debated in political circles. The National Infrastructure Commission (NIC) published its first Annual...

Vendor finance has become a requisite for a sale within several industries

Kromann Reumert Vendor financing is certainly not novel; almost all production companies offering energy performance certificate (EPC) terms or supplying major parts to standalone projects have, at some point, engaged in vendor financing. However...

Eurasian power sector investment by China

Shearman & Sterling One of the hottest topics in China – in major publications and social media, among other outlets – is the Silk Road Economic Belt and the 21st Century Marine Silk Road initiative (known as the Belt and Road initiative). The Belt and Road initiative is...

Impact of Indonesia’s infrastructure delivery

Tusk Advisory Infrastructure is widely recognised as one of the key factors affecting economic growth, as well as reductions in inequality and poverty, particularly in developing economies. The Indonesian government, under the leadership of President Joko Widodo...

Key risks in African oil & gas project financings

Milbank, Tweed, Hadley & McCloy Africa is home to five of the top 30 oil-producing countries in the world. Eighty percent of its oil is produced by Algeria, Angola and Nigeria, it has proven gas reserves of 502 trillion cubic feet, and 90 percent of its gas is produced by Algeria, Nigeria...


CONTRIBUTORS

Allen & Overy LLP

CMS Cameron McKenna Nabarro Olswang LLP

DLA Piper (Canada) LLP

GHD Advisory

IPFA

Kromann Reumert

Makarim and Taira S.

Milbank, Tweed, Hadley & McCloy

Norton Rose Fulbright (Middle East) LLP  

Sharpe Pritchard LLP

Shearman & Sterling

Tusk Advisory


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