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14 May 2020

The Proximo Weekly Digest - Every silver lining also has a cloud

Infrastructure investment is being touted again as one of the keystones to getting the global economy back on track. But have we truly learnt from the infra finance...

14 May 2020
in
Manufacturing & equipment, Social infrastructure

MegaFree project signs debt package

Sponsors of the MegaFree project in Italy - a joint venture between Megamark (49%) and E3E (51%) -  signed a €24.7 million multi-tranche facility from Unicredit...

14 May 2020
in
Transport

Rynott joins Alinda

Alinda Capital Partners has appointed Brian Rynott as a director in its Greenwich, Connecticut office. Rynott, an aviation expert who has been a managing director at...

14 May 2020
in
Renewables, Transport

Infranode plans €134m investment in Esbjerg port

Nordic infrastructure fund Infranode is planning a €134 million ($145 million) investment in new infrastructure facilities at the Danish port of Esbjerg to support...

14 May 2020

BAM Nutall promotes Adrian Savory to CEO

Infrastructure contractor BAM Nuttall has appointed Adrian Savory as its new chief executive to replace Stephen Fox who will step down after ten years at the helm. Savory...

14 May 2020
in
Social infrastructure

Deutsche Bank, ICIEC finance €142m hospitals project in Cote d'Ivoire

Deutsche Bank and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) have been mandated by the Cote d'Ivoire to finance the €142...

14 May 2020
in
Power, Renewables

Israel plans 3 WTE facilities as PPPs

Israel's National Infrastructure Committee has approved three new Environmental Protection Ministry waste-to-energy PPP projects to treat municipal solid waste. The...

14 May 2020
in
Power, Renewables

Hawaiian Electric picks 16 energy storage projects from 2019 RfP

Hawaiian Electric has selected sixteen solar plus storage or stand-alone storage projects from a request for proposals issued in August 2019. Eight solar-plus-storage...

14 May 2020
in
Renewables

KDB helps finance $200m Guam solar power project

Korea Electric Power Corp (KEPCO) has completed a financing deal with Korea Development Bank and Mizuho for a $200 million photovoltaic power generation project in...

14 May 2020
in
Renewables

Pakistan signs construction contract for Diamer-Bhasha dam

Pakistan Water and Power Development Authority (Wapda) has signed a Rs442 billion ($2.7 billion) construction contract for the Diamer-Bhasha dam project with a joint...

14 May 2020
in
Transport

Lineas to sell stake in troubled Rodovias do Tiete

Lineas International Holdings has signed an agreement to sell its 50% share of Brazilian highway concession company Rodovias do Tiete (CRT) to funds managed by Latache....

14 May 2020
in
Renewables

Goldwind sells Penonome wind farm in Panama

Goldwind Americas has sold its 55MW Penonome I Wind Project located in Panama's southern coastal province of Cocle to AES Panama. The 22-turbine project was bought...

14 May 2020
in
Oil & gas

MUFG puts oil sands, Arctic drilling on 'restricted transactions' list

Mitsubishi UFJ Financial Group has put oil sands extraction and drilling for crude oil and gas in the Arctic on its “restricted transaction” list, potentially...

14 May 2020
in
Transport

Greece signs 40-year Alimos marina concession

The Greek government has signed the 40-year Alimos marina concession agreement with Aktor Concessions. The agreement is valued at over €177 million ($191 million)...

14 May 2020
in
Telecoms and Communications

First State to buy Ultrafast Fibre for NZ$854

First State Investments, owned by Japan's Mitsubishi UFJ Financial Group, is to buy New Zealand's Ultrafast Fibre Ltd for NZ$854 million ($518.63 million)....

14 May 2020
in
Renewables

ScottishPower acquires two wind projects in South Lanarkshire

Iberdrola Group company ScottishPower has signed two separate agreements to develop wind farms in central Scotland for an investment of over £150 million. The 165MW...

14 May 2020
in
Social infrastructure

Eiffage signs Paris Saclay hospital contract

An Eiffage Construction consortium has signed a €141 million ($152 million) contract for the design, build and maintenance for the Paris-Saclay hospital with Groupe...

14 May 2020
in
Telecoms and Communications

Echelon partners for €1bn data centre investment programme

Echelon Data Centres has partnered with sustainable infrastructure firm Pioneer Point Partners and Davidson Kempner European Partners as part of a €1 billion ($1.08...

14 May 2020

S&P Global promotes three in Sustainable Finance team

S&P Global Ratings has the promotion of three existing members of its Sustainable Finance team. Bruno Bastit becomes Director, Governance Specialist, Corinne...

13 May 2020
in
Power

Chexim finances $212m rural electrification project in Uganda

The Export-Import Bank of China is financing a $212 million rural electrification project in Uganda. The government of Uganda, through the Rural Electrification Agency,...