November 2012 Issue

    Month: November
    Year: 2012

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    ‘This is the future’

    In his first term, Governor Luis Fortuño reinvented Puerto Rico as a pioneering infrastructure state in order to stave off fiscal ruin. Now fighting for re-election, the erstwhile corporate lawyer is adamant: privatisation is here to stay—and Puerto Rico is proof. Chris Glynn reports

    'Viva la infraestructura: Mexico – the Latin tiger'

    Carlos Robles Gil, managing director at Boston Infrastructure Investments (B2i), examines the prospects for Mexican infrastructure during Peña Nieto’s administration.

    Japan leads the charge

    Europe’s bad fortune has been Asia’s opportunity, as infrastructure players from the region have risen to fill the funding gap. Japanese organisations have been at the forefront of this change, writes Mirzaan Jamwal

    ‘Remarkable resilience in the face of turmoil’

    Latin America’s commodity boom has enabled it to weather global economic woes. This has enabled the region to continue upgrading its infrastructure, including through public-private partnerships, explains David Delman of Hogan Lovells.

    Colombia plays catch-up

    Despite its solid financial and legal system and a long history of awarding transport concessions, Colombia is currently uncompetitive when it comes to road and rail. Luis Fernando Andrade Moreno tells Bruno Alves how a $20bn-plus programme will change that.

    Finding the right fit

    Access Capital Advisers helps builds portfolios on behalf of a group of Australian superannuation funds. Stephen Burns and Don Conway tell Andy Thomson how the firm’s investment model works in practice

    Secondary market? It’s first for profits

    The UK PFI primary market may be on its last legs, but the secondary equivalent is one of the most profitable games in town. So much so that it’s attracted government scrutiny.

    Warning: Steep road ahead

    The new procurement model set to be unveiled in the UK Chancellor’s autumn statement may not herald the flow of new projects that private investors are hoping for. Introducing more widespread charging on the country’s roads could change that, but would constitute political dynamite.

    Gulf provides fuel for social infra

    Social infrastructure is a growing priority within Gulf Cooperation Council (GCC) countries. Mubadala’s Saed Asaad Arar provides insights into what’s driving opportunities in the UAE and wider region

    The Americanisation of PPPs

    The key to financing the US’ much-needed infrastructure improvements may reside in a hybrid model, combining elements of the P3 with more traditional elements, maintains Masood Sohaili of DLA Piper

    Transatlantic windfall

    It was an active third quarter for project finance in the UK and US as the global market declined.

    The year of infra debt

    With 2012 coming to an end, it is looking likely that it will be remembered as the year the infrastructure debt market truly took off.

    A trio of bankruptcies

    The AP36 Ocana-La Roda has gone bust, following last month’s bankruptcy of Madrid’s R4 ring road.

    The great sale

    Infrastructure Australia has called on governments across the country to consider selling several billions of dollars worth of ports, airports, power and water assets.

    The joys of being a non-issue

    Last year, infrastructure was a buzzword in Washington and on Main Street. Be grateful no one is talking about it in 2012.

    Heavyweights back new platform

    The Pensions Infrastructure Platform has the support of six of the UK’s largest pensions as it steps out from the UK government’s shadow.

    HS2 to be ‘mostly public money’

    Transport Minister Simon Burns has indicated the government is expecting to use the public purse for the lion’s share of the £33bn required to build the UK’s second high-speed rail line.

    Road regulation and wishful thinking

    Applying a regulated asset base to UK roads could fuel much-needed private investment. Putting such a model in place, however, is much easier said than done.

    A laughing matter

    Toll roads? You have to see the funny side.

    A hardcore pioneer comes to Harrisburg

    Henry Rollins made a name for himself in 80s punk band Black Flag. He visited Harrisburg in October to perform his stand-up routine to the cash-strapped Pennsylvania capital.

    Just call me Heathrow

    Ferrovial has killed off the BAA brand name. Maybe it wants to stress to the UK watchdog this is one asset that it definitely intends to keep.