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Transport Finance
Keep on truckin': vehicle orders grow
The US trucking industry has put the four-year doldrums behind it and is opening its wallet. Reports from two of the leading US consultancies ...
08-Dec-2010
Repo men circle truckers
Business is looking up for the beleaguered US trucking industry. The economy is improving, companies are ordering and freight is moving. That normally would...
24-Jun-2010
ICTSI mandates deal
HSBC and JP Morgan Securities have been mandated by Philippine Stock Exchange-listed International Container Terminal Services Inc (ICTSI) as joint bookrunners and lead managers ...
16-Mar-2010
Maersk Group sells Norfolkline
AP Moller-Maersk Group and DFDS announced in mid-December 2009 that they had reached an agreement for DFDS to acquire 100 per cent of the ...
07-Jan-2010
Banks go easy on truckers
The words 'lender' and 'lenient' do not usually go hand in hand, especially in times when credit is scarce and banks are running scared. ...
11-Nov-2009
Watertight or road to ruin?
Listen to US supporters of plans to move long-haul freight off the highways and onto coastal, inland and intra-coastal waterways and one comes away ...
03-Sep-2009
Vietnam issue falls short
State-run Vietnam Expressway Corporation has sold VND100 billion (USD5.6 million) of government-backed bonds. Three bidders sought to buy VND250 billion of three-year debt at ...
22-Jul-2009
Costa Rica okays concession transfer
Costa Rica's civil aviation council (CTAC) has authorised the transfer of the concession of Juan Santamaría International Airport, serving capital city San José, to ...
22-Jul-2009
ADB lends to road project
Asian Development Bank (ADB) has allocated USD50 million for reconstruction of the Bishkek-Torugart road, connecting Kyrgyzstan with China. The bank has approved an allocation ...
22-Jul-2009
Sichuan completes IPO, raises $264m
Toll road operator Sichuan Expressway Co has raised CNY1.8 billion (USD263.8 million) from an initial public offering (IPO) of yuan-denominated A shares in China. ...
21-Jul-2009
Landmark deal for Nedbank
Nedbank has refinanced the debt of the Bakwena N1N4 Toll Road Project in the amount of ZAR3.7 billion (USD465 million), resulting in the largest ...
21-Jul-2009
Brewer eyes road project
Philippines-based brewer San Miguel Corporation (SMC) has entered into a non-binding agreement to acquire a substantial stake in Private Infrastructure Development Corporation (PIDC), which ...
21-Jul-2009
Sacyr sells Itinere stake
Spanish construction company Sacyr Vallehermoso has sold a 17.4 per cent stake in toll road operator Itinere for EUR500 million (USD705 million) to three ...
21-Jul-2009
Transurban Group closes refinancing
Australian toll road operator Transurban Group said the AUD515 million (USD414 million) refinancing of project debt for the Eastern Distributor toll road in Sydney ...
21-Jul-2009
Moscow inks a road deal
Russia's federal road agency has signed a 30-year concession agreement with Russian company Glavnaya Doroga - a consortium formed by asset management firm Leader, ...
21-Jul-2009
Triangle completes on sale of bonds
North Carolina Turnpike Authority completed on 15 July the sale of USD624 million in bonds to finance the state's first modern toll road, the ...
21-Jul-2009
Toll road meets resistance
In a campaign aimed at discouraging investment in the proposed Jefferson Parkway toll road near Denver in the US state of Colorado, the city ...
09-Jul-2009
Sichuan plans share sale
Chinese toll road operator Sichuan Expressway Co plans to raise as much as CNY2 billion (USD292 million) selling new shares publicly in Shanghai, marking ...
06-Jul-2009
IRB delivers low Maharashtra bid
India's IRB Infrastructure Developers has emerged as the lowest bidder for a highway project in the western Indian state of Maharashtra. The estimated project ...
29-Jun-2009
Brazilian operator issues debentures
Brazilian toll road operator Companhia de Concessoes Rodoviarias (CCR) plans to raise BRR500 million (USD248 million) from the issue of non-convertible debentures. The debentures ...
29-Jun-2009
Consortium wins Texas road deal
The Texas Department of Transportation in the US state of Texas has closed on a 52-year concession, structured as a public-private partnership (PPP), with ...
29-Jun-2009
Pension plan on road to ruin
It can be reasonably argued that the post-deregulation US commercial airline industry has the worst business model known to man. However, for all its ...
11-Jun-2009
See you later, Alligator
Earlier this month, the Florida Department of Transportation (FDOT) failed to receive any proposals for the right to lease, maintain, operate and receive toll ...
28-May-2009
Zhejiang parent to inject assets
The parent company of Hong Kong- and London-listed Zhejiang Expressway Co plans to inject one or two toll road assets into the unit as ...
19-Mar-2009
Indonesia will back yen bonds
The Indonesian government's proposed issuance of yen-denominated bonds will be backed by more than 100 planned infrastructure projects. Those projects, which include electricity, toll ...
19-Mar-2009
Henderson to sell China stake
Hong Kong-based Henderson Investment Ltd, an investment holding company that operates in the infrastructure sector in the People's Republic of China, has announced that ...
19-Mar-2009
CCR unit ready to issue notes
Concessionaria do Rodoanel Oeste, a unit of Brazilian toll road operator Companhia de Concessoes Rodoviarias (CCR), is planning to issue BRL650 million (USD282 million) ...
19-Mar-2009
Citi set to create finance vehicle
Citi Infrastructure Investors (CII), an infrastructure fund of Citigroup, plans to create Pear Acquisition Corporation to buy Spanish Itinere and sell its assets. Spanish ...
19-Mar-2009
Florida signs landmark deal
The cash-strapped US state of Florida is paying a private contractor to build and operate a toll road instead of doing the work itself ...
19-Mar-2009
North Carolina eyes bond issue
Stymied since late 2008 by a frigid bond market, the North Carolina Turnpike Authority in that US southern state hopes that a newly refashioned ...
13-Mar-2009
EC approves Itinere deal
The European Commission (EC) has approved the sale of Spanish toll road unit Itinere, part of Spanish construction and services group Sacyr Vallehermoso, to ...
19-Feb-2009
Five shortlisted for Abu Dhabi PPP
The Abu Dhabi Department of Transport has shortlisted five groups to design, construct, finance and operate the new USD2.7 billion 327 km Al Mafraq-Al ...
10-Feb-2009
Serbia to tap bank loans
The Serbian government plans to invest EUR340 million (USD440 million) in a highway and railway project linking Western Europe with Greece and Turkey. The ...
10-Feb-2009
Ukraine passes concession law
In an effort to attract private investment, Ukraine has passed a law advantageous to potential concession holders. The new law would guarantee compensation for ...
04-Feb-2009
ANTT puts off confirmation
Brazil's national ground transport agency (ANTT) has postponed confirmation of the concession on Bahia state highway stretches BR-324 and BR-116 to 12 February. The ...
04-Feb-2009
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