Cezary Podkul
The loan to the $1.2bn Triangle Expressway project is being extended under the government’s TIFIA credit programme. The remaining financing will include $271m of toll revenue bonds and $343m of ‘Build America Bonds’ authorised by the economic stimulus bill.
DesertXpress, a privately financed initiative to link Nevada and California via a high speed rail line, has gained new momentum after the two states agreed to extend California’s high speed rail corridor to Las Vegas. The extension is expected to cost between $3.5bn and $4bn.
Macquarie Infrastructure Group will no longer enhance dividends with ‘surplus funds’ from debt refinancings.
The legislative landscape for public-private partnerships in America is changing fast. Cezary Podkul reports.
Morgan Stanley’s $1.15bn lease of Chicago’s on-street parking meters has provoked anger, vandalism and legislation. Cezary Podkul takes a look at what went wrong and what it means for the market.
With credit markets still tight, knowing the right bankers can be key to financing your infrastructure deal. It is of course difficult to agree on which lenders are the most influential. But when the Infrastructure Investor team swapped notes, and quizzed practitioners in the marketplace, the names of the ten financiers on this page kept coming up.
Limited partners should cast aside traditional categorisations of risk and re-think expected returns and fees, according to a white paper published by the placement agent. The paper also identifies 70 funds in the market for $100bn, of which 55 are first-time managers.
Limited partners should cast aside traditional categorisations of risk and re-think expected returns and fees, according to a white paper published by the placement agent. The paper also identifies 70 funds in the market for $100bn, of which 55 are first-time managers.
Cezary Podkul explains what went wrong with Florida’s ‘Alligator Alley’ bidding process.
William Fitzgerald, a former chief investment officer for Nuveen Asset Management’s municipal bond business, sees an attractive opportunity for mezzanine debt and secondary senior debt investment in the infrastructure sector.