May 2014 Issue

    Month: May
    Year: 2014

    Back to Print Editions

    In the driving seat

    A driver services deal was the first in Ontario to involve the provision of services and the assumption of market demand risk

    Worth the risk?

    UK listed infrastructure funds have enjoyed strong tailwinds in recent years. Tom Skinner of Dexion Capital investigates whether investors should now be cautious in a more challenging environment

    Friendly and open

    With a couple of large projects under way, new enabling legislation and a pro-P3 Governor, Florida holds a lot of promise. But the pace of deals has been sedate so far. Kalliope Gourntis reports

    Big problems, small solutions

    Large investors looking for equity ownership in infrastructure projects often have trouble sourcing deals within the Canadian market. But for smaller investors, opportunity beckons. Joel Kranc reports

    On a different track

    The Australian rolling stock deal was not only big, but also bursting with innovation

    Writing the rule book

    Mexico is an energy market with huge potential. Turning that potential into reality is a tough task, but GESR shows what can be done

    From subsidies to a lean regime

    Round 2 of South Africa’s REIPPP scheme represented a vital transition from government support to competitive bidding in the renewable energy sector

    All in it together

    The North Tarrant Express project showed public and private sides in the US working in harmony, on both project delivery and financing

    Going out on a limb

    Mexico showed pipelines could be successfully project financed with a flexible approach to risk

    Tearing off the wrapper

    An unwrapped PFI brought back happy memories of what used to be possible, and showed European investors cosying up to greenfields

    PEBBLE makes a splash

    A new platform bringing together banks and institutional investors achieved its first application through a prison PPP

    The lessons of Ukraine

    Upheaval in Crimea has shone a spotlight on the fragility of infrastructure investments when political crises erupt. Mark Thomas of Lockton Companies examines the consequences.

    How to build confidence

    Construction risk remains front of mind for many institutional investors. Matthieu Favas finds out why they are getting increasingly comfortable with it.

    PPP round-up

    We take a look at the key public-private partnership developments from around the world over the last month.

    Transport sector hits accelerator

    Deals such as SH 99 and Porterbrook suggest the energy trend may be bucked.

    The passing of an infrastructure visionary

    Jim Flaherty, Canada’s former Finance Minister, contributed much to the development of infrastructure in the country.

    Singapore stakes claim as Asia’s ‘hub’

    The republic has appointed a head for its new infrastructure Centre of Excellence.

    When history comes back to haunt you

    Pending legislation in Maryland’s General Assembly might create a new risk category for P3s.

    The real estate ‘influencer’

    Infrastructure and real estate development are more closely linked than may previously have been imagined. Kalliope Gourntis reports on the findings of a new survey.

    Flagging energy

    An investigation triggered by the regulator will cloud investment in the UK with further uncertainty.

    Boris wants infra post – PPPs beware?

    London Mayor Boris Johnson is reported to have his sights on an infrastructure brief next year.

    Sign up for the war on climate change

    Americans are being asked to write cheques for clean energy in a move bringing back memories of the two World Wars.

    Another George Washington Bridge casualty

    The lane closure scandal has now extended to the Goethals Bridge and other projects as well as the resignation of the Port Authority chairman.

    A perfect combination

    How structuring innovation enabled an institutional investor to join the game from the beginning

    The project bond breakthrough

    Credit enhancement from the European Investment Bank was in the realm of theory until a certain Spanish deal made it reality

    Spreading the word

    Andrew Day joined Australia’s Hastings Funds Management two years ago with the aim of spearheading the firm’s growth on the international stage. He provides Andy Thomson with a progress update

    Recognition for the innovators

    Our first ever banking awards helped us to appreciate the effort and sophistication that is moulding the infrastructure financing market of the future

    The gorilla that wants more bulk

    By gathering together global pension heavyweights, OMERS’ Global Strategic Investment Alliance aims to punch above its weight. In the first of a new series looking at the some of the world’s most innovative investment platforms, market sources tell Matthieu Favas why the Alliance risks falling short of its ambition

    Fighting against optimism

    Think a mega-sized infrastructure project is simply a bigger version of a commonplace project? Think again. Christopher Dann of Strategy& explains why you need to be prepared for every eventuality

    Planning for the long term

    Elizabeth Stephens of JLT Specialty explains how varying strategic approaches to risk are required at different stages of a project’s life cycle