Gas project tops Infrastructure Investor league table

Infrastructure Investor Assets, Infrastructure Investor’s companion database, unveils its inaugural league table of the first quarter’s top infrastructure projects. Papua New Guinea’s $18.3bn liquefied natural gas development tops the list.

Papua New Guinea’s massive $18.3 billion liquefied natural gas (LNG) development project appears at the top of Infrastructure Investor Assets’ inaugural project finance league table, showing the top five deals of the first quarter of 2010.

Infrastructure Investor Assets is Infrastructure Investor’s companion database containing key transaction details on over 2,300 infrastructure projects across the globe that have commenced or have been financed since January 1, 2006. This includes full details of over 1,600 project loans and bonds related to these assets as well as real-time league tables of financial sponsors, lawyers and banks involved in infrastructure projects.

The $18.3 billion LNG project reached financial close in March this year with a debt package of $14 billion provided by 23 banks – six multilateral institutions and 17 commercial banks. The project intends to develop gas fields in the Southern Highlands and Western Province of Papua New Guinea and transport the gas via pipeline to an LNG facility near Port Mores, for shipment to markets overseas.

Indonesia's $1.5 billion Paiton III – an 815 megawatt, coal-fired power plant – is the quarter's second largest deal followed by France's first rail public-private partnership – the $1.36 billion GSM-R communications.

The top five are as follows:

 Project  Value (USD m)  Financial Close  Nationality  Sector
 PNG LNG  18300.00      09-Mar-2010  Papua New Guinea  Energy
 Paiton III  1519.00  08-Mar-2010  Indonesia  Energy
 GSM-R Rail Telecoms Rehabilitation  1360.43  18-Feb-2010  France  Telecoms
 GNPower Mariveles Coal Power Plant  1000.00  29-Jan-2010  Philippines  Energy
 ENEOP 2 (Phase I)  971.87  29-Jan-2010  Portugal  Renewables