RUB120bn WHSD signed
A loan agreement for the RUB120bn Western High Speed Diameter (WHSD) project was signed earlier today in St.Petersburg between the Northern Capital Highway (consortium including OJSC Gazprombank where VTB Group is the majority shareholder) and a syndicate of banks comprising VTB Capital Plc, OJSC Gazprombank, State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank), European Bank for Reconstruction and Development (EBRD) and Eurasian Development Bank (EDB).
Top Stories
Virginia advances P3s
The state of Virginia enacted enabling legislation for public-private partnerships in 1995, and since that time has advanced nearly US$5bn worth of P3 deals that have now either closed or are under contract for development. By Alison Healey.
Thais join IPP party
Malaysia’s independent power programme is now in full swing, with bidders getting ready for the first tender. Next door, Thailand is now joining the IPP party. By Minerva Lau.
Guaranteed problems
The EIB guarantee tranche is a market staple, but ratings requirements are causing headaches. Alternative sources of underlying liquidity will be needed. By Robert Smith.
Features
Chile seeking to stay on top
Though Chile has a stable, well-functioning economy, the country literally has cracks from a devastating earthquake two years ago and the normal wear-and-tear along its infrastructure. Plus, a growing economy remains hungry for power. Thus, the country at the bottom of the world is planning billions in new projects to remain on top. By Alan Gersten.
Strong offshore growth for project finance
Terry Pratt and Jose Abos, credit analysts at Standard & Poor’s, discuss the immense investment potential and high costs of offshore wind projects.
