July / August 2009 Issue

    Month: July
    Year: 2009

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    Sales, deficits and job cuts

    Queensland’s proposed A$15bn asset sale is just one of the measures Australian state governments are taking to balance their books.

    Clearing today’s funding hurdles

    Tom Osborne and Henry Catry review the outlook for infrastructure financing amid the financial crisis.

    BAA on the defensive

    The airports operator says a proposed special insolvency regime would be bad news for investors.

    Why the map is being redrawn

    The legislative landscape for public-private partnerships in America is changing fast. Cezary Podkul reports.

    End of an era

    Macquarie Infrastructure Group will no longer enhance dividends with ‘surplus funds’ from debt refinancings.

    The 14,000km deal

    The recent signing of a rail infrastructure agreement linking 28 Asian states could herald huge investment in the network.

    Parking pains

    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.

    Bright idea

    Can the Sahara be turned into Europe’s sole electricity source?

    The waiting game

    Not a week goes by without a government somewhere in the world discussing yet another ambitious infrastructure programme. In the short-term, however, only a fraction of the requisite projects will be deliverable.

    Patient – for now

    With $5.64bn in commitments, Global Infrastructure Partners is the largest independent first-time infrastructure fund ever organised. Three years after the firm’s launch, the bulk of the fund is yet to be invested, and with markets still in disarray, new investments are difficult to close. But Adebayo Ogunlesi, the man in charge, isn’t in a hurry. Chris Josselyn and Philip Borel find out why.

    Lenders with heft

    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.

    Less talk, more action

    Investment professionals expect India’s new government to help bring about a step change in infrastructure creation in the coming years. Philip Borel reports.