Bruno Alves
The partners will use close to $664m in private activity bonds and a $422m TIFIA loan to help finance the project. However, construction costs are not fully funded and are dependent on tolls collected on the existing tunnels during construction.
The biggest selling point of the UK government’s new pension initiative seems to be that investors will pay no more than 0.5% in management fees.
The biggest selling point of the UK government’s new pension initiative seems to be that investors will pay no more than 0.5% in management fees.
The biggest selling point of the UK government’s new pension initiative seems to be that investors will pay no more than 0.5% in management fees.
The biggest selling point of the UK government’s new pension initiative seems to be that it will allow schemes to invest in UK infrastructure paying no more than 0.5% in management fees.
Globalvia has started 2012 in crisis management mode, with two of its Spanish concessions threatening to end in disarray.
The UK’s National Audit Office believes drawn-out procurement processes and minimum investor rates of return are not synchronised with projects’ risk profiles and may have inflated PFI equity returns over the years.
Assured Guaranty’s recent UK hospital deal signalled the monoline’s return to the infrastructure market. European head Dominic Nathan sat down with Bruno Alves to talk about the firm’s plans and why he sees his firm as providing one of the top five alternative debt solutions going forward.
The UK’s spending watchdog thinks PFI equity returns may have been inflated over the years.
The Australian group, together with France’s Eiffage, has obtained a €2.8bn, five-year loan in addition to a €720m revolving credit facility. Moody’s deemed the refinancing ‘moderately credit positive’, but warned the toll road network’s Baa3 rating might be revised in the future.