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President Barack Obama cited the Port of Miami Tunnel P3 as emblematic of his infrastructure plan.
The sponsors of a 62km toll road managed to obtain €1.82bn in limited recourse debt thanks to multilateral and Italian government support.
The financing will tackle phase I of the $6.5bn Gebze-Izmir motorway project, in Turkey.
The Indiana Finance Authority will hold a $641m bond offering to finance the East End Crossing P3. East End is one half of the $2.6bn Ohio River Brides project.
The cancellation of Turkey’s $5.7bn highways sale after a lengthy and nuanced procurement process should serve as a reminder that the country is still very much an emerging infrastructure market.
The government is calling on pension funds, insurers, debt funds and other players in the private infrastructure debt market to give it feedback on how bonds could be used to fund new concessions. 

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