A11 proves governments will back project bonds.

• Autores: Danielle Myles
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
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• Resumen

  • The article considers the A11 highway public-private partnership (PPP), the first greenfield project to receive credit enhancement support under the 2020 project bond initiative of the European Investment Bank (EIB), as a proof that governments will support project bonds. An overview of the financing structure the deal including the credit enhancement it received is presented. The cost overrun mechanic set by the project as a precedent for use in future deals supported by the EIB is discussed.