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The firm reached financial close on an 85% equity stake in a 19-floor high-rise next to San Jose State University.
VTB Capital’s Oleg Pankratov, head of infrastructure capital and project finance, and managing director Alex Moroz look at the growth story of Russian infrastructure investment, with a focus on the potential for further external investment in transport projects
The two firms invested €265m in a €1.57bn bond issuance, one of the largest ever on a European greenfield project.
The sector may see a surge of infra investment, even if it stretches the definition of the asset class.
Uncertainty over tax reform suggests storm clouds in 2018, but overall trends point to moderate growth across the sector.
The Australian state’s approach is a ‘best practice’ model of risk allocation and can be replicated globally, says the ratings agency.
The deal is the scheme’s largest to date and was sealed by the Multi-Strategy Infrastructure Fund, which now has £750m of commitments.
The process included some original shareholders exiting, removing monoline insurers from the capital structure and a new senior debt refinancing.
Consortiums including the likes of Meridiam, Macquarie and Cintra responded to a RFQ for Alabama’s I-10 bridge procurement.
A plan passed by the House would eliminate tax-exempt private activity bonds, a popular tool for financing public-private partnerships.