Initially launched as a PPP in 2013, Ivory Coast has decided to keep the Bpifrance-backed financing of the Abidjan Metro on the government books. Alain Descamps, chairman of the STAR consortium, the project's EPC contractor, talks about the viability of using the financing template for other large-scale rail networks in West Africa.
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Brazil's new infrastructure law has been broadly welcomed by the project finance market. In addition to providing stimulus for a wider infrastructure investor base, the law has eased initial angst that BNDES will return to its old ways and start crowding out the private sector from infrastructure and energy finance.
With its mixed bag of offtake contracts that include a merchant element, the Aguas Pacifico project financing has pushed the envelope on structuring lender comforts for Chilean desalination projects. And with Chile expected to double desalination capacity by 2030, the project’s template is almost certain to be repeated.