Bruno Alves
Hadrian’s Wall clinched a £160m first close after more than two years on the fundraising trail. Now it needs a few deals to show investors that its plan to kick-start capital markets infrastructure investment is viable, Bruno Alves reports
The Russian government wants to tender close to €10bn of roads between 2012 and 2015 and kick-start procurement for a €15bn high-speed rail link between Moscow and St. Petersburg. But at a time of record capital outflows, will foreign investors heed the Russian state’s call? Bruno Alves investigates
Hadrian’s Wall clinched a £160m first close after more than two years on the fundraising trail. Now it needs a few deals to show investors that its plan to kick-start capital markets infrastructure investment is viable, Bruno Alves reports
The Russian government wants to tender close to €10bn of roads between 2012 and 2015 and kick-start procurement for a €15bn high-speed rail link between Moscow and St. Petersburg. But at a time of record capital outflows, will foreign investors heed the Russian state’s call? Bruno Alves investigates
Hadrian’s Wall clinched a £160m first close after more than two years on the fundraising trail. Now it needs a few deals to show investors that its plan to kick-start capital markets infrastructure investment is viable, Bruno Alves reports
The Russian government wants to tender close to €10bn of roads between 2012 and 2015 and kick-start procurement for a €15bn high-speed rail link between Moscow and St. Petersburg. But at a time of record capital outflows, will foreign investors heed the Russian state’s call? Bruno Alves investigates
The French fund manager is the largest shareholder in the consortium that has just closed the €2.28bn Nimes-Montpellier high-speed rail line – the last PPP in France’s ambitious high-speed rail programme – backed by a club of 13 banks.
A clear split has emerged between the performance of transport companies located in northern Europe and those based in peripheral countries, which are taking a harder hit. But when it comes to road traffic, it’s bad news all round in early 2012.
The oversubscribed refinancing involved 17 ‘existing and new relationship banks’ from the UK, Continental Europe, the US, Canada and Australia. The new debt facilities have a five-year tenor and carry margins of between 150bps and 225bps.
The ratings agency argues that ‘institutional investors may not be fully ready to step up their investments on the debt side’. Best case scenario: a small, but significant, project bond market backed by the EIB emerges by 2015, paving the way for a deeper market in the future.