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The transition to a low-carbon economy will require significant investment in energy infrastructure — for everything from building wind, solar and nuclear facilities to electricity grids to charging stations for electric vehicles. In this week's episode of the All Things Sustainable podcast, we talk to the Chief Executive of HSBC's Infrastructure Finance and Sustainability unit, Sir Danny Alexander. Danny was the keynote speaker at the annual summit that S&P Global Sustainable1 hosted in London April 30. We sit down on the sidelines of the event to hear how HSBC, one of the world's largest banks, approaches financing for energy infrastructure. "We see the commercial opportunities that come from net-zero transition and the infrastructure that's needed to deliver that, but also that's coming from digital transformation from datacenters," he says. "[W]e are going to substantially increase our business in that space." Prior to joining HSBC, Danny was a Vice President at the Asian Infrastructure Investment Bank (AIIB), the Beijing-headquartered multilateral development bank. He was also formerly a politician in the UK. In the interview, he explains why infrastructure investment is a theme that resonates around the world. “We need infrastructure to live our daily lives, to grow our economies, to achieve all kinds of both public and private goals that countries and companies and individuals have,” Danny says. “[F]or all the sustainable investment, the core is the commercial opportunity. And so driving infrastructure investment that is commercially viable, that will lead us to many of the sustainable solutions that we're discussing today.” Learn more about the S&P Global Sustainable1 Summit in Singapore June 26, 2025 here. Read the latest research on climate physical risk from S&P Global Sustainable. Learn more about S&P Global's Energy Transition data. This piece was published by S&P Global Sustainable1, a part of S&P Global. Copyright ©2025 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. lib
Episode GuestGroup CEO of Calisen, Sean Latus joined the company in October 2014, holding a number of senior roles in the business prior to his promotion in July 2021. Initially Chief Investment Officer, he supported the transition of the business from an owner of traditional meters to being a broader provider of energy infrastructure services to the retail market, overseeing the company's growth and driving its mission to provide Smarter Energy for All.With over 20 years' experience raising infrastructure finance and equity funding, Sean held the CFO position at Calisen from February 2018 until he became Group CEO, and has worked across multiple infrastructure sectors both in the UK and overseas. Previous roles have included Head of Investments at Costain plc, Senior Director at RBS Project and Infrastructure Finance, and Investment Director at John Laing.Episode TimestampsEpisode PartnerCalisen own, install and manage essential energy infrastructure assets that offer smarter energy for all.Through smart metering, data services, solar & battery, EV charging infrastructure, and the electrification of heat, we're building a more sustainable, smarter world for the next generation.Disclaimer:The content provided on Duvet Flip is for informational and entertainment purposes only and should not be considered professional advice. The views expressed by hosts, guests, brands or contributors are their own and do not necessarily reflect those of the show's producers, sponsors, or affiliates. The information shared is not a substitute for professional advice, including but not limited to career counseling, financial guidance, legal consultation, or mental health support.Listeners and viewers are responsible for their own decisions and actions based on the content provided, and Duvet Flip assumes no liability for any outcomes resulting from reliance on the information shared. By engaging with the show, you acknowledge and agree to this disclaimer.If you're struggling with debt, trusted advice and free support can be found here: https://www.gov.uk/debt-adviceIf you're struggling with mental health of any kind, you can find free support here: https://www.nhs.uk/mental-health/
This week's top stories across project and infrastructure finance: Ukrainian road to EU project receives €267m Rooftop solar tendered across Gibraltar AMPYR Solar Europe to close further portfolio financing in 2025 IBV ACEN acquires stake in 70MW Sonagazi Solar OCK invests in Malaysian solar project 20MW Ugandan solar project reaches financial close SWPC selects preferred bidder for Jubail IWP EVgo closes $1.25bn guaranteed loan facility DOE picks four teams for Puerto Rican solar and storage deployments Brazil's Senate adopts offshore wind bill Mark your 2025 calendars for an awesome roster of upcoming events in the new year: March 31 - April 2 - Americas 2025: Agency, Energy & Infrastructure Finance, Miami April 14 - 16 - Middle East & Africa 2025: Agency, Energy & Infrastructure Finance, Dubai June 10 - 12 - Proximo Europe 2025: Energy & Infrastructure Finance, Copenhagen June 16 - 18 - Proximo Congress 2025: US Energy & Infrastructure Finance, Nashville Oct 14 - 16 - Asia 2025: Agency, Energy & Infrastructure Finance, Singapore
This week's top stories across project and infrastructure finance: Financial close for 760MW Azerbaijan solar projects Plans for $2bn green hydrogen project in Vietnam unveiled Glaspoort signs €1.2bn financing package for FTTH rollout AMPYR Solar Europe secures £200m financing framework Plaquemines LNG faces major cost overruns Abraxas, EDF plan 3GW green hydrogen project in Canada Massachusetts passes bill supporting offshore wind contracts Lyten buys Cuberg assets from Northvolt EDF and Mulilo BESIPPPP BESS financings due to close by year-end Iraq secures $380m JICA loan for refinery upgrade Mark Your Calendars for Proximo Americas 2025: Agency, Energy & Infrastructure Finance in Miami Florida, Mar 31 - Apr 2, 2025! Book here today Join us for important conversations with fellow experts in the expansion and decarbonisation of Latin America's energy, transport and social infrastructure sectors.
The 17th episode in this series focuses on the “Accelerating Sustainable Infrastructure Finance and Development,” with Susan H. Mac Cormac, Co-chair of the ESG + Sustainability and Social Enterprise + Impact Investing practices at MoFo, in conversation with Jonah Goldman, Generate's Head of External Affairs and Impact.
Key Appointments in Renewable Energy and Infrastructure Host Azeem covers recent industry moves: 1.Reactivate hires Corey Stein as EVP of Finance. 2.Hunton Andrews Kurth adds Ayesha Waheed and Seyfi Can Kandemir to their Energy team in London. 3.Tom Sumpster joins CIBC as Head of Infrastructure Finance. 4.Syed Usman Ahmed becomes Managing Director at Apterra Infrastructure Capital. 5.Natalie Jackson is appointed CFO at rPlus Energies. 6.Eileen Stone joins Onyx Renewables as SVP of M&A.
This week, our team takes us through top global stories, highlighting: 60MW Tunisian solar plants receive funding package Aegis team to support Moroccan rail expansion ACCIONA Energia awarded Croatian CfD Alastair Shields appointed CFO of Queequeg Renewables All-island review of Irish rail published Alstom seeks buyer for Gorlitz factory Atlas ups offer for Millicom Aypa secures funds for Kuna BESS Brazil supports completion of Transnordestina freight line Blueleaf achieves financial close for Indian hybrid project Make sure to mark your calendars for Proximo Africa, Agency, Energy & Infrastructure Finance 2024 on 29-30 October in Cape Town. This unique event brings the best of all things export, project, & development finance in Africa. To learn more and secure your spot, click here.
You want to know more about the world of sustainable investing? About the opportunities, obstacles, how reliable ESG criteria are and what it would potentially take to overpower the harmful investments which are still ruling the industry - then this is the episode for you. Karen Wendt is the CEO of ECCOS Impact, ECCOScience Researcher and Lecturer, Editor for the Springer Nature Series "Investment Reinvented" Investment Banker, Positive Impact Investor and Serial Impact Entrepreneur. She is honest and knowledgeable and shares her very objective opinions about the current state of the sustainable investment management industry. What is the Impact of the EU Taxonomy Directive in comparison to filtering by ESG guidelines? How may large sums of money be divested from dirty funds to truly sustainable ones without hurting pensioners ? Karen explains the current significance of Infrastructure Finance and what decoupling (constructing economic growth without using more planetary resources) is all about. Next to the need for a global Societal Contract in Sustainable Finance we also talk about the turn off topic of politicians and conventional economics - DEGROWTH. How may we reshape the industry and shift it towards truly meaningful, plentiful and sustainable investments and opportunities without creating financial and political upheaval and division while also closing the gap of already deeply engrained national and global inequalities.... Let's dive into it together! this episode came alive through the voices of Karen Wendt and your host Stella Sage
Co-hosts Chris Jackson and Alicia Eastman had the pleasure to interview Bart White of Santander Corporate and Investment Banking (SCIB). The discussion was mostly regarding optimizing different bespoke tools to accelerate the energy transition with some case examples provided by Bart. After the interview, Patrick Molloy stepped in to unpack and discuss some of the wide-ranging topics with the same rigor we have come to expect. About Bart White:Bart runs the SCIB Energy financing activities across EMEA and parts of Latin America. The team is primarily focused on financing and advisory for Renewables where Santander has ranked #1 in 2022, 2023 and 2024 YTD Europe). They are also involved in Hydrogen, CCS, BESS, Biogas, and other tangential subsectors such as EfW and Smart Meters.Previously, Bart ran the Santander UK and Nordics structured finance business, and before that he led the Santander European structured finance advisory practise. Bart has also worked at UBS leading their EMEA Utilities and Infrastructure Finance business, as well as RBS. Bart holds an MA in Physics from the University of Oxford.About SCIB:In 2023, Santander CIB was named global leader in export finance for the second year running and ended the year In 2023 as the world's leader in export finance, with transactions amounting to US$13.2 billion and a market share of 12.1%.The bank's global scale and local knowledge of the sectors and markets where its clients operate has ensured Santander's position on top of the ranking published by Dealogic, one of the most widely used tools for analysing the performance, trends, activity and market share of financial institutions. With this positioning, the Group demonstrates its ability to meet client needs globally in a tough landscape. Santander CIB reached the first position in Europe and is among the top 10 in Latin America, the Middle East and Africa.Credit insurance from ECAs and other multilateral institutions is one of the main means of financial support for international expansion. It helps companies obtain financing through specialised products with competitive terms and conditions that are tailored to their needs and mitigate the risks that their cross-border activities can pose.In recent years, Santander CIB has been developing its Export & Agency Finance (EAF) business, with the spotlight on import and export clients. It has contributed to the design of innovative products hand in hand with ECAs, combining global and local origination and structuring capabilities that underpin the franchise's success.--Links:www.santandercib.comhttps://www.santandercib.com/press-room/santander-cib-named-global-leader-export-finance-second-year-running
This week, our team takes us through top global stories, highlighting: 40GW of projects register for first Australian CIS auction AEMO releases final 2024 Integrates System Plan Antin fund to acquire majority of GTL Leasing Aramco, Sempra pen non-binding Port Arthur LNG supply deal Birch Creek achieves financial close on Earp Solar California's strategic offshore wind plan released Canada's clean hydrogen investment tax credit becomes law Cedar LNG takes FID on C$5.5bn FLNG project Be.EV raises debt facility for EV network expansion Catalonia receives funds to upgrade education facilities Make sure to mark your calendars for Proximo's Upcoming Asia 2024 Agency, Energy and Infrastructure Finance conference on October 2-3 in Singapore. This must-attend event is the strongest deal origination hub in Asia, bringing together senior players in the Asian infrastructure finance market. To learn more and secure your spot, click here.
Meet Rabbi Moshe Silk. He is a Nadvorna Hasid living in a multi-functional townhouse in Borough Park, New York, balancing his deep religious commitments with a high-profile career. Silk made history as the first Hasidic Jew to hold a Senate-confirmed position in the U.S. government, serving as Assistant Secretary of the Treasury for International Markets under Donald Trump. An expert in China-related trade law, he has spent significant parts of his career in China, contributing to trade negotiations and international markets. Additionally, Silk is actively involved in his community, providing pro bono legal services and working on significant translation projects to make sacred Hasidic texts available in English. You can buy "Kedushas Levi" Here: https://bit.ly/44ogBU5 You can buy his book "Dancing With Giants: A Lawyer and Banker Share Their Passion for Infrastructure Finance" here: https://bit.ly/4a0i2Jn ____________________________________ ✬ SPONSOR OF THIS EPISODE ✬ ____________________________________ ► BITBEAN: Industry Leading Enterprise Software for Innovative Businesses Seeking to optimize operations and scale your business? Bitbean empowers ambitious businesses with tailored software solutions. Automate workflows, streamline data management, and empower your workforce all while reducing your employee overhead by 30% or more. → Contact Bitbean today for a FREE CONSULTATION https://bitbean.link/eJCgQp ► TWILLORY: Your Spring Wardrobe is Here Get $18 OFF your order. Look great, feel great. Use promo code: INSPIRE for $18 OFF → Here: https://Twillory.com/ ► The Feigenbaum Teen Siddur: My Favorite Siddur Geared for teenagers and written by a master mechanech, The Feigenbaum Teen Siddur will help teens and adults gain an appreciation for tefillah. It's noy like any siddur you've ever used. → Buy here: https://bit.ly/3JMCRxg Or get at your local seforim store For larger wholesale orders: Call: 516-757-5701 Email: rabbiyfeigenbaum@gmail.com ____________________________________ ✬ IN MEMORY OF ✬ ____________________________________ This episode is in memory of: • Shimon Dovid ben Yaakov Shloima • Miriam Sarah bas Yaakov Moshe Help Support our Episodes with Dedicating an Episode in Memory of a Loved One or As a Zechus for a Refuah Shleima! ► Here: https://www.livinglchaim.com/in-memory ____________________________________ ✬ Donate and Inspire Millions (Tax-Deductible) ✬ Your generous donation enables us at Living Lchaim to share uplifting messages globally, enrich lives, and foster positive change worldwide! Thank you!
Proximo's top stories this week across project & infrastructure finance: Rio Tinto to invest $350m in Argentina lithium project Zenobe upping electric bus portfolio financing? NEOM project financings take shape US Ex-Im issues $250m LoI for Caldeira rare earth project UKEF, US DoE partner on export and infrastructure financing Greenvolt finances Hungarian solar park Viridi Energy acquires legacy biosolids digester US pledges $4bn to support Romania's Doicesti SMR project Nokomis Energy planning sale of community solar assets CapturePoint closes carbon capture tax credit deal Plus, don't forget to check out our Proximo Global 2024: Energy & Infrastructure Finance event in June. This year, from Lisbon to Athens, the torch of Global 2024 will burn bright in an all-new city!
Podcast Overview: Dive into the future of urban mobility on 'Eavesdrop with Ella' with our guest Rudy Salo, a thought leader and visionary in transportation and infrastructure. Discover how technology shapes our commutes and the challenges facing modern transportation. Rudy's insights reveal a world where transport is more than just travel, but a key part of our lives. Tune in for a fascinating look at the intersection of technology, law, and daily life in shaping our cities' futures.
Max Kallmeier goes through the top stories this week across infrastructure and project finance, a week of the A's! - ABO Wind secures rights to develop Crown land in Canada - ACWA signs Rabigh 4 IWP financing - ADNOC takes FID on Habshan carbon capture project - AltaGas to acquire Tidewater Midstream assets - ANEEL plans first transmission auction of 2024 - Antaq approves bid proposal for new ore terminal - Argentine potash mine finalises selection of $1bn investor - Ark Energy scales back wind project in Queensland - Ascendant enters tender phase for MLA of ECA financing at Lagoa Salgada - Atlantic Green signs loan for Buxton Bess Plus, we're just one week away from Asia 2023: Energy & Infrastructure Finance. Max has worked with the team to get some outstanding speakers and discussions ready for you in Singapore, 20-21 September.
Moody's analysts discuss the growing use – and credit effect – of these transactions amid some sovereigns' debt sustainability concerns and a need to invest in climate initiatives.Speakers: Thorsten Nestmann, Senior Vice President - Group Credit Officer, Sovereigns and Christopher Bredholt, Vice President - Senior Credit Officer, Public Project and Infrastructure Finance, Moody's Investors ServiceHost: Scott Phillips, Associate Managing Director – Emerging Markets, Moody's Investors Service
Topic thoughts? Guest ideas? Comments? Just text us. (pls include reply details if needed)Asia will account for 50% or more of global energy transition investments in the next three plus decades. Financing is of primary importance and is a challenge. In this episode, Andrew Kinloch, a leading infrastructure finance expert, discusses some of these challenges. He looks at financing renewable energy projects in general and then he discusses in detail some of the challenges such as how to address Asia's young coal fired power plants fleet. He also has interesting thoughts about the role of multilateral banks financial institutions.ABOUT ANDREW. Andrew Kinloch is a consultant on infrastructure finance in Asia and founder of the Logie Group. He has been Lead Arranging and advising on infrastructure finance for over 30 years. In 2003, he set up in business as Logie Group to advise across the whole investment cycle namely: governments and public sector on policy; institutional investors on strategy; transaction preparation and advisory; and acting as an expert witness in arbitrations. Andrew is a member of the UNECE roster of PPP experts; acts as a peer reviewer for them; and is on IFC's Nominee Directors database. He is a Fellow of the HKICPA, ICAEW and HKIoD; and a member of the HKSI, HKIB and APIEx. Andrew worked originally with KPMG then PWC in London, Hong Kong, and Sydney; he then switched to investment banking with Westpac in Sydney and project finance at Mizuho then UBS in London; he returned to Asia in 1998 as Head of Global Structured Finance, Asia Pacific for WestLB when it was a top five Lead Arranger of project finance globally.HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30- Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | FEEDBACK: theasiaclimatecapitalpodcast@gmail.com.
In this very special episode of Navigating Major Programmes, Riccardo is joined by Divya Shah, a prominent name in Canada's infrastructure network through her work as a project finance professional focusing on investment and infrastructure—and Riccardo's wife. In their conversation, Riccardo and Divya discuss her unique perspective on the intersection of private and public sectors for effective decision making and leadership, along with her experience as a woman in infrastructure as a whole. Key Takeaways:Finding the sweet intersection of financing and infrastructureHow to manage direct and indirect stakeholder expectationsLessons learned from navigating project finance during the credit crisisDealing with gender bias during conflict If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. The conversation doesn't stop here—connect and converse with our community: Riccardo Cosentino on LinkedInDivya Shah on LinkedIn Use this link to find advice, guidance and sponsorship at the Women In Infrastructure website Transcript:Riccardo Cosentino 0:05 You're listening to navigate major problems, the podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host Riccardo Cosentino I bring over 20 years of major product management experience. Most recently, I graduated from Oxford University's a business school, which shook my belief when it comes to navigating major problems. Now it's time to shake yours. Join me in each episode as a press the industry experts about the complexity of major program management, emerging digital trends and the critical leadership required to approach these multibillion-dollar projects. Let's see where the conversation takes us. Over the last 15 years Divya Shah has built a name for herself in Canada's infrastructure network through her work as a project finance professional focusing on investment in infrastructure. Her extensive resume includes a wide variety of capital markets roles such as public private partnerships, refinancing, mergers and acquisition, real estate investment, private lending and credit. In today's episodes of navigating major programs, Riccardo Cosentino and Divya discuss a unique perspective on the intersection of private and public sectors for effective decision-making leadership along with your experience as a woman in infrastructure as a whole. Hello, everyone, and thank you for joining us today on navigating major programs. I'm here today with Divya Shah, how're you doing? Divya Shah 1:37 I'm doing really great. Thank you for having me here. Riccardo Riccardo Cosentino1:41 it's great to have you here. Great to have you here. Why don't we jump right into it? And why don't you tell us a little bit about yourself? What is your current role in infrastructure? Divya Shah 1:51 That's a great place to start. So as of today, I am with the Canada infrastructure bank. I'm a managing director here. I've been at the bank for now five years, and I head up all our initiatives from an investment perspective in the trade and transportation sector. This includes everything from investing and structuring investments in ports, airports. It includes passenger rail, intercity rail, it includes freight, so short line and mainline, essentially anything that helps moves goods and people, between cities and between countries to help improve GDP, improve operational efficiencies, and allows for enabling of movement and economic growth. Riccardo Cosentino2:38 sounds really interesting. How do you how do you get into it? How do you do? Actually, let's go backwards? How did you get into infrastructure first? Divya Shah 2:47 Oh, that's such a long story. I would say, from a factual perspective, I got into infrastructure almost 15 to 17 years ago in 2006. And opportunity came by my desk to interview for a analyst position at a newly formed company called Infrastructure Ontario. I was rushed leave out from an MBA school and was really not interested or actually didn't even know about the world of infrastructure. Infrastructure construction building was so far from my world of finance that I laughed when that opportunity came to my desk. And I will say, I'm glad I went for the interview, I had to be coaxed to go for the interview. But I'm so glad I went for the interview, because my life has not been the same. And so I joined this newly formed provincial agency called Infrastructure Ontario, it was set up to procure large infrastructure projects, primarily hospitals in those days, for the province of Ontario. It was not a policy shop, it was an execution shop. And the whole idea there was they were looking at this new model called public private partnerships, which was, you know, created out in the UK. And there was a little bit of dabbling out in BC, but it was never done in Ontario. And they were looking for finance professionals. They were looking for technical professionals. And we all came together. I think we were I was a part of the first 100 people at the company. And it was fascinating because it was not just about infrastructure. It was about creating something new, not from scratch, but made in Ontario from scratch, and it was a really a lot of fun. Riccardo Cosentino4:35 I guess that's where you and I met. Divya Shah 4:37 That's where we met. You know, I mean, you know, didn't think I would find a husband here in this industry, but c'est la vie 15 years later, Riccardo Cosentino4:46 but okay, so it sounds like it was a little bit of a surprise for you to end up in infrastructure. What was your career aspiration before you bumped into infrastructure and area? What was it What was your dream job? What kind of career were you pursuing? Divya Shah 5:03 Well, like I think, with anyone who goes through MBA school, bright eyed, my aspiration was to be a banker, banker doing pure finance, like raising money for a corporation, and, you know, mergers and acquisitions. And those were the things that you learned about an MBA school and, and this is the part that I find really interesting, right? Going to MBA school, nobody mentioned the words project finance, real property, public private partnerships, this is not even a spectrum of things that you talk about. So, yeah, I wanted to be a banker and not in infrastructure, who is I think, for me, the definition of infrastructure was lame it was roads and things that, you know, people with that who wanted to be the hybrid of finance did not even dabble in, so, yeah, quite, quite far from where I am today. Riccardo Cosentino6:01 Okay, so if that was your expectation, there was uhm, pressure of infrastructure. What was a surprise you the most about the industry? Divya Shah 6:09 You know, what, how much I love it. I will say that, for me, looking back, I don't think I would want to do anything else. And what's really interesting in the job that I do right now, is I do investment. I'm actually a banker, but I am a banker for infrastructure investments. So way I'm doing what I really wanted, but in a very different industry. So going back to your question, what surprised me a lot, yeah, I, I will say I can't believe how much I enjoyed it, and enjoy it not enjoyed. And I will say it's, it's the tangible nature, it's, you know, in the world of finance, a lot of times you, you don't see the end product of what you are doing other than in the balance sheet or bottom line. Whereas in infrastructure, you actually see the tangible worth of what you have, you know, spend some time or money or energy in and you can see a hospital, you can see the roads, you can see the benefits, it brings to a public perspective, you know, had Ontario not built all the hospitals we built back in 2000s, I have no clue what we would have looked at and what we would have done during COVID. So you can really see the difference. And for me, that was really cool. The other things that really surprised me was how complex and how many stakeholders you have to think about, you have to think and direct and indirect. So, you know, we always think about you have the public side, which is all the layers of government, you have the private side, which is the lenders, the equity, the builders, the operators, but then you have the public side and their perception. And I always am amused because you think that that everybody understands that building large infrastructure, public infrastructure projects takes so long, everybody understands the long lead item of it. But then the public just gets impatient. And the questions always from the public are well, we gave you money like five years ago, and how come we haven't seen all of it been distributed deployed? And how come we're not seeing so much infrastructure being built immediately. And I find thinking about those stakeholders and trying to find Win Win is probably one of the most rewarding parts of what we do. And I don't know how you feel about it. Riccardo Cosentino8:33 Well, yeah, I'm a little different. I always envisioned the a career infrastructure. I'm a civil engineer, I went I end up building surveyor before I became a civil engineer. So I've always, always been fascinated by civil infrastructure. My anecdote is, I remember as a child, driving on the highways of Italy, going through the upper 90s, we had the mountain in the center of Italy. And we were going through this humongous viaducts This spans across tunnels between the mountains. And I remember looking at it and thinking, how did they build this? I mean, you literally have pylons coming out the ground with a road coming out of the mountain with a tunnel. And I always wonder how the building is. That's where my curiosity started. And as everything else I had to figure it out. And so I went and got a degree that tells me how you build viaducts in the middle of the mountains. Okay, so you talked about what was surprised you by the industry? I think you told us about the highlights. Actually, I don't think you told us what would have been the highlight so your career so far? Divya Shah 9:44 So I'll try to pick a few because I think I've been really lucky as a human to be a part of the industry just as it was starting to boom like crazy and the things I would pick out as project highlights would be my first one. Last one, where I was still super young, super inexperienced. But boy, it was such a good ride. That has to be the Niagara health system. The reason why I pick it is because it was one of those projects where it was very early days. And it was right in the middle of the credit crisis. It is the only project I know of where our lenders called a MAC clause, which is a material adverse clause, because of the credit crisis and lack of availability of fun funding and financing available. And that led to, you know, six months of intense negotiations between us and the private sector. But what was really cool is, after that, it led to a number of different changes, and improvements that we made to our processes and our contracts. And you know, it for me, it really, it really helped me understand the crux and the fundamentals of project finance, of capital markets, of what each player brings to the table what they really want out of the transaction, I would say it was it, if my learning curve was very steep, this is the project that just like killed it for me from a learning perspective. There on I would say the other funky like, so I like a lot of funky projects. And, you know, being an infrastructure, Ontario, we got to do a lot of firsts. So I will say that the second highlight of my career, I think, is helping build the Panama athletes village. And you know, we looked all over the world, and typically building Olympic villages or building things like that are pretty complex, because they can go bad really, really quickly. So we had to find a way that we had to build really fast on time on budget. But also make sure that, you know, we were not we were successful in selling these as condos and not taking back, you know, immense amount of real estate risks. So I think we found a hybrid combination of real estate, and infrastructure dbf, fixed priced, kind of a hybrid contract, which was really cool. That also allowed us to think about how we would evaluate and incentivize and align the interests of developers and contractors and lenders. So that really helped me, you know, merge two different infrastructure industries together, I think, which has been really helpful for me, as we move forward on thinking about revenue deals. And then I would say most recently, the highlight for me or an almost, you know, what I see as a change in how I view infrastructure is the work that we did in the development and feasibility studies. For the via HFR project. You know, I usually am never involved in the early stages of planning, design feasibility, you know, what is in alignment, and what's the root option, these are things that were always decided for us finance years, we finance and we execute. So this was completely different, like we were involved very early to look at from a fundamentals perspective, whether this would be a good business case for the CIB, to invest in and, and that that led to a whole journey of creating a project for the market in an industry that is quite mature. So for me, it was really neat to be a part of the world in a very early stage, because I've seen it from, you know, procurement, construction operations, but never the development side. So this was very cool for me. Riccardo Cosentino13:41 Very interesting. Yeah, I mean, obviously, I know, I know, all the steps in your career. So all of this sounds quite familiar. But let's maybe let's change gears a little bit. I mean, you know, you are we are working in a male dominated the industry, you know, you are one of the few females, that is part of the industry, what challenges have you faced so what challenges do you face in a male dominated industry? Divya Shah 14:07 I mean, I always find this question, really interesting, but also really difficult in one way, but what I start saying is the following, you know, I mean, construction and infrastructure has always been a male dominated industry. And you, me as a female, my, my best example is, when I go into a meeting, and I look around, and I see only men, my heart thinks every time that happens, and I just had a conversation the other day on International Women's Day, in fact, about with another colleague of mine, who is much elder to me, or mentored me, and, and we were comparing notes where, you know, 15 years early for her, she always this was just her experience. And her question back to me is, you know, Divya, do you see a difference in meetings when you go into the meetings and she was surprised when I said no, the meetings are still male dominated, you go in, maybe there's another female, from a legal perspective, or from a finance perspective, but 90% of the times, it's always male dominated and, and you know what, like you over time you, you grow a thick skin, you work really hard, and you can cut out the noise. But it is always shocking. And I still, unconsciously always look around the room. And notice, notice that and I would say, you know, from a challenges perspective, because it's been male dominated for, you know, hundreds of years, there are, I would say, there are biases and their labeling. And I think these two are the biggest challenges that I faced, you know, very often the work that we have to do is conflict driven, itis negotiation, its disputes, which means there's a lot of discussion, and there's a lot of conversations that you have to have, sometimes in a very challenging manner, because you are a, you're doing due diligence. And I find, you know, it's very easy for someone to label a woman as being aggressive, or a woman being, you know, too emotional, too sensitive. And I find those labels are what then pigeonhole us into not being more successful, or as successful as our male counterparts. And, you know, we've sat across tables where I've seen people who are as emotional as I am, and as a female, you get labeled, but as a male, you'll never get labeled emotional or sensitive, or, you know, in fact, being aggressive for a male is actually a positive, not a negative attribute. So, for me, I think those are the ones that impact me the most. And then I would say, the only other thing is, you know, because, again, it's been inherently male dominated industry, to find champions and sponsors, is difficult on its own. So you know, you have to find ways to create that, but on its own, you know, usually you prefer like-minded people, so you gravitate towards what you know what you understand. So, unfortunately, you have a men who prefer or find it easier to sponsor other men. And so I think those are combinations, a lot of that is changing. But I would say not fast enough, and not with enough gusto and not enough bandwidth. Riccardo Cosentino17:39 Okay, so you talked about many things here. So I'm gonna try to unpack a couple of there. But you mentioned mentors and champions and allies in the industry, which are very important. have you actually been able to find a female mentor in this male dominated industry? And if yes, was it? Was it helpful? Divya Shah 18:02 Absolutely. So I'm really lucky, I live in Canada, and very early in our industry back in 2008, almost, so I joined infrastructure, Ontario in 2006, two years after, there was a group that was created that was called the women and infrastructure. And this was literally created by two lawyers who were the story goes sitting at a bar and looking around and thinking, Okay, we're the only two lawyers around female lawyers around and, you know, this industry is growing, and we need to find more like us together. And that lead to what's called the women in infrastructure. And it's a hugely successful group. I've been a part of it for 15 years as a committee member for over 10 years. And I have found that that's the place where we have connected and we have found women from either equity players, capital markets, legal services, government services. And you know, the idea there is to come together to support mentor, champion and sponsor, it's also a group that brings around awareness of things that are happening in the industry or to help promote more women in industry. You know, it could even be simple things like how do you improve your resume and provide support from a, you know, a reference perspective, if I'm looking for a job? So I would say yeah, I am super lucky to be a part of this group and to be around to see this group grow, because now we have factions across the country and in the US, and I would say, this is the group that has helped me find confidence in myself. It has helped me find job opportunities, as I've been moving in my career, and, you know, it's been a constant source of advice, guidance and sponsorship. Riccardo Cosentino19:59 Okay, so you We talked about the highlights and the lowlights of your career and infrastructure, the lowlights being, you know, one of the few female in the boardroom, the labels against the put on women for forbid themselves and for negotiating, the way they negotiate or the behave the way they behave, with the highlights being the woman in infrastructure network and the support that that provides to women in infrastructure. So given all of those factors, would you help encourage more women to pursue a career in infrastructure? Divya Shah 20:36 Absolutely. I would say be like me Be curious. Even if you only care about finance, the world of project finance in our space is just phenomenal. And if you think of the big things that we're talking about today, especially climate change, climate change, infrastructure is a very big part of climate change. You know, everything about decarbonization, carbon sequestration, transmission lines, all of these things are all infrastructure. And, boy, it's a great time to be where we are. And so I would encourage everyone around to think about this space, not as how I did not having any knowledge, which was it's lame, and it could be boring, and how long the deals would take. But we're changing the world one project at a time. And that's really cool. Riccardo Cosentino21:30 I'm glad that a non-engineer feels as passionate about infrastructure as engineers. Okay, I think that's all we have time for today. Thank you very much for joining me in in this podcast. Hopefully, we'll be able to have you back on maybe some of the topics that we were going to cover in future podcasts. Divya Shah 21:48 Thank you, Ricardo. And this has been a real pleasure and wish you all the best on your podcast series. I look forward to hearing more of your LinkedIn articles because they've been really helpful. Thank you. Riccardo Cosentino 21:57 Thank you. Bye now. That's it for this episode on navigating major problems. I hope you found today's conversation as informative and thought provoking as I did. If you enjoyed this conversation, please consider subscribing and leaving a review. I would also like to personally invite you to continue the conversation by joining me on my personal LinkedIn at Riccardo Cosentino. Listening to the next episode, we will continue to explore the latest trends and challenges in major program management. Our next in-depth conversation promises to continue to dive into topics such as leadership risk management, and the impact of emerging technology in infrastructure. It's a conversation you're not going to want to miss. Thanks for listening to navigate the major programs and I look forward to keeping the conversation going Transcribed by https://otter.ai Music: "A New Tomorrow" by Chordial Music. Licensed through PremiumBeat.DISCLAIMER: The opinions, beliefs, and viewpoints expressed by the hosts and guests on this podcast do not necessarily represent or reflect the official policy, opinions, beliefs, and viewpoints of Disenyo.co LLC and its employees.
Sign up here for updates on impactinvestor.ioThanks to all the Causeartist Partners - Check them out here.Subscribe to our Causeartist newsletter here.----------------------------------------In episode 50 of the Investing in Impact podcast, I speak with Ladé Araba, Executive Director of AlphaMundi Foundation(AMF), on investing in women and climate to create long-term jobs and prosperity.Ladé Araba is a senior Development Finance Executive and Board Member with over 20 years of experience. Prior to becoming the Executive Director of the AlphaMundi Foundation, she was the Managing Director for Africa at Convergence Blended Finance.She also sits on the Equality Fund's Investment Advisory Council, serves as a Non Executive Director on the Board of African Risk Capacity (ARC) Ltd, is the Co-Founder/President of the Visiola Foundation, and was an Advisory Committee Member at the Green Outcomes Fund.She previously served as Technical Adviser to the former Minister of Finance of Nigeria and was the Head of the Strategic Monitoring Unit. She was also an Adviser in the Power Sector Team at the Nigeria Infrastructure Advisory Facility (NIAF).She was previously a Senior Investment Officer in Infrastructure Finance at the African Development Bank and served as Technical Adviser to the Executive Secretary of the UN Economic Commission for Africa. Ms. Araba was an Enterprise Development Specialist at the UN Food and Agriculture Organization (FAO) and also worked for the QED Group LLC in Washington, DC.She holds a Master of Business Administration (MBA) degree from Thunderbird School of Global Management and a dual Bachelor of Business Administration (BBA) degree in Management Information Systems (MIS) and International Business from the University of Oklahoma (2001). A native English speaker, she is fluent in French and Italian and has basic knowledge of Spanish.About AlphaMundi FoundationAlphaMundi Foundation's mission is to strengthen the long-term commercial viability of SMEs in Africa and Latin America to drive economic transformation. This leads to more jobs and income generation benefiting more people and in turn, increased purchasing power and improved qualities of life.The vision: Economic transformation where SMEs in Africa and Latin America can scale sustainably and create well-paid jobs.What they do:Structured blended financeAccess to capital and technical assistance are two of the biggest barriers to businesses getting off the ground. We're willing to take the risk and invest in these impactful SMEs. We do this by offering SMEs with investments that may have lower returns and/or higher risks through measures like technical assistance grants, first loss guarantees, returnable pre-investment stage grants, concessional loans, and/or scaling capital. All of this is done with the expectation that these investments will be truly catalytic and more likely to bring strong social and environmental rewards.GLIC field buildingWe believe gender and climate issues can't be addressed on an ad-hoc basis. Rather, these complex challenges require an intentional approach, which brings explicit gender and climate solutions into all investment decisions. Over recent years, gender lens investing has gained traction, although as global temperatures rise, the demand for climate investing will only continue to increase. That's how we came to coining a new term: GLIC—Gender Lens Investing for Climate. ----------------------------------------Sign up here for updates on impactinvestor.ioThanks to all the Causeartist Partners - Check them out here.Subscribe to our Causeartist newsletter here.
China is no longer in the game of providing African countries with enormous loans to finance large-scale infrastructure projects. In fact, BRI financing last year for projects in Africa plunged more than 50% to just $7.5 billion.But that doesn't mean Chinese companies still aren't building big things in Africa.Stella Hong Zhang, a postdoctoral fellow at the Harvard Kennedy School's Ash Center for Democratic Governance and Innovation joins Eric & Cobus to discuss her new research on the Port of Lekki in Nigeria and why this venture may hold some important clues about the future of Chinese development financing in Africa and around the world.JOIN THE DISCUSSION:Twitter: @ChinaGSProject| @stadenesque | @eric_olander | @stellahongzhangFacebook: www.facebook.com/ChinaAfricaProjectFOLLOW CAP IN FRENCH AND ARABIC:Français: www.projetafriquechine.com | @AfrikChineعربي: www.akhbaralsin-africia.com | @AkhbarAlSinAfrSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How will investors and policymakers move forward on climate change in 2023 after an eventful 2022? In this episode, host Allan Marks and Milbank London partner Chris Taufatofua, both members of the Project, Energy and Infrastructure Finance group, share personal reflections from their participation at the COP27 UN Climate Change Conference, look at trends from 2022 and preview 2023. They discuss global clean energy investment, the special role of oceans, negotiations for a new international fund to redress the “loss and damage” from climate change impacts, and the gap between climate pledges and progress in reducing global greenhouse gas emissions. Strong hurricanes, costly wildfires, widespread flooding, drought and heat waves plague the globe. In 2022, the United States enacted the landmark Inflation Reduction Act, making good on President Joe Biden's promise to enact sweeping climate legislation. Billions of dollars in new government incentives will support investment in renewable energy, innovative clean technologies and advanced manufacturing. The European Union announced new ESG and climate reporting rules. Many nations signed on to the US Ocean Conservation Pledge at COP27. In 2023, the US SEC is likely to promulgate new climate risk disclosure rules. IFRS is finalizing the new ISSB (International Sustainability Standards Board) sustainability and disclosure standards. And the world will meet later this year at the next climate conference: COP28 in Dubai. Do climate conferences really move the needle? Allan and Chris go inside.About the Speakers:Chris Taufatofua is a partner in the Project, Energy and Infrastructure Finance group, based in London. He has significant experience advising lenders, sponsors, governments and contractors on a variety of international transactions in the energy, power, infrastructure and renewables sectors. Podcast host Allan Marks is one of the world's leading project finance lawyers. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at the Law School and previously at the Haas School of Business.For more information and insights, follow us on social media and podcast platforms, including Apple, Spotify, Amazon Music, Google and Audible.Disclaimer
In todays episode, Azeem explores the hires and promotions across the Project and Infrastructure Finance world. If you or your organisation are interested in subscribing to the Proximo platform do get in touch with Azeem on azeem.pervez@proximoinfra.com
In this special re-release of Episode 2 of the Financial Modelling Podcast, Dario Musso, Co-Head: Infrastructure Sector Solutions at Rand Merchant Bank, talks about Project Finance Models. The discount code for Project Finance Overview - From Inception to Financial Close is FMP9999. You can also click here.
ถามอีก กับพี่ต้าน คุณปณต จิตต์การุญ Mudley Group และ พี่หนึ่ง คุณปรมินทร์ อินโสม กรรมการ บริษัท สตางค์ คอร์ปอเรชั่น จำกัด และ ผู้ร่วมก่อตั้งเหรียญ Firo คุยอะไรกันบ้าง? - โลกการเงินการลงทุน กำลังถึงจุดเปลี่ยนครั้งสำคัญ? - ระบบใหม่เริ่มเสื่อมศรัทธา การปรับเปลี่ยนระบบใหม่อาจต้องรอไปก่อน? - อเมริกา ยังคงเป็นผู้นำการเปลี่ยนแปลงระบบใหม่? - เข้าทาง Bitcoin Standard? - Bitcoin ตอบโจทย์โลกการเงิน ณ เวลานี้? - จะเกิดการเปลี่ยนแปลงเหมือนปี 1971 ? - ความมั่นใจในเทคโนโลยี แปรผันตามราคา? - ทุกการเปลี่ยนแปลงต้องใช้เวลา การเปลี่ยนแปลงที่เราเห็นอยู่อาจใช้เวลาอีกนาน แล้วเราได้ประโยชน์ยังไง? - ฺBlockchain จะถูกนำมาใช้ในระบบการเงินโลกรูปแบบใด? - ระยะเวลาเปลี่ยนผ่านนานแค่ไหน กว่าจะมีการใช้คริปโตในชีวิตประจำวัน? - ทิ้งท้าย
Ramon Candia, Chief Investment Officer of Cifi, joins hosts Sarah Devine and Rebecca Abou-Chedid on Earth, Wind and Solar for a conversation about infrastructure development finance in Latin America and the Caribbean. Cifi has been innovating in the middle market infrastructure sector for the last 20 years and is focused on renewable and sustainable energy projects. The discussion covers recent transactions, a loan portfolio securitization, the Sustainable Fund and local currency funds, as well as green bonds, ESG considerations and future opportunities in the region.
Em 2020, 84% da população brasileira possuia acesso à água potável e somente 56% ao serviço de coleta e tratamento de esgoto. Em outras palavras, isso quer dizer que 35 milhões de pessoas não recebem água potável em suas casas e 100 milhões não têm seu esgoto coletado e tratado. Conforme o Novo Marco Legal do Saneamento, sancionado em 2020, a meta é universalizar o saneamento básico até 2033, levando água potável para 99% e coletando e tratando esgoto para 90% da população. Para discutir os desdobramentos do Novo Marco Legal, os desafios na sua implementação e gerar insights para o setor de saneamento, lançamos a nova série de podcasts “Saneamento do Futuro”. Apresentado pelos especialistas da KPMG no Brasil, Maurício Endo, sócio-líder de governo e saneamento, e Soraya Vallilo, sócia-líder de Infrastructure Finance, o episódio de estreia conta com a participação de Luana Pretto, Presidente Executiva do Instituto Trata Brasil, que comenta os desafios do saneamento no Brasil e os resultados da 14º edição da pesquisa de ranking de saneamento básico. Ouça a série completa: https://spoti.fi/3yo1X0R Conheça mais sobre a KPMG no Brasil e nos acompanhe nas redes sociais: LinkedIn: https://www.linkedin.com/company/kpmg-brasil Instagram: https://www.instagram.com/kpmgbrasil Twitter: https://twitter.com/KPMGBRASIL Facebook: https://www.facebook.com/KPMGBrasil YouTube: https://www.youtube.com/KPMGBR
No segundo episódio da série de podcasts “Saneamento do Futuro”, recebemos Pedro Maranhão, Secretário Nacional de Saneamento do Ministério do Desenvolvimento Regional. Durante a conversa comandada pelos especialistas da KPMG no Brasil, Maurício Endo, sócio-líder de Governo e Saneamento, e @Soraya Vallilo, sócia-líder de Infrastructure Finance, o Secretário explica o porquê da falta de investimentos públicos em Saneamento básico. Segundo ele, com o Novo Marco, o cenário vai mudar e atrair investimentos do setor privado, impulsionando a melhoria desse serviço. O Secretário também destaca que o Novo Marco Legal do Saneamento do Brasil é o maior programa ambiental do mundo atualmente. Ouça a série completa: https://spoti.fi/3yo1X0R Conheça mais sobre a KPMG no Brasil e nos acompanhe nas redes sociais: LinkedIn: https://www.linkedin.com/company/kpmg-brasil Instagram: https://www.instagram.com/kpmgbrasil Twitter: https://twitter.com/KPMGBRASIL Facebook: https://www.facebook.com/KPMGBrasil YouTube: https://www.youtube.com/KPMGBR
In this episode of Moody's Talks – Emerging Markets Decoded, Steve Wood from the Corporates team joins host Ariane Ortiz-Bollin to discuss how the Russia-Ukraine conflict is affecting the global oil and gas sector, and what this means for carbon transition. Plus, Adrian Garza from the Project and Infrastructure Finance team discusses how a major policy shift in Mexico's energy sector will delay the move to cleaner energy, weighing on the sovereign, companies and banks.Related content on Moodys.com (some content only available to registered users or subscribers): Oil & Gas – Global: FAQ on how ESG considerations affect energy sector credit quality Carbon Transition – Mexico: Policy shift will dampen private investment, delaying country's path to cleaner energy
Soaring food and energy prices, exacerbated by Russia's invasion of Ukraine, are stoking inflation and reducing households' purchasing power in many countries. How are governments and companies trying to address affordability concerns, particularly for the poorest members of society? What will be the impact on consumption and economic growth? And what role might diminished living standards play in fomenting social and political risks?Guests: Matt Robinson, Associate Managing Director – Sovereign and Sub-Sovereign, Moody's Investors Service, and Joanna Fic, Senior Vice President – Public Project and Infrastructure Finance, Moody's Investors Service.Host: Jennifer Wong, Vice President-Senior Credit Officer – Sub-Sovereign, Moody's Investors Service.To read more on this topic, visit The Big Picture page on Moodys.com (some content only available to registered users or subscribers).
Allan Marks, a partner in Milbank's Global Projects, Energy & Infrastructure Finance group joins NPM managing editor Jon Berke to discuss a variety of topics including the project finance outlook in 2022, forecasting the M&A market in 2022 following a robust 2021 for trades of renewable developers and how federal infrastructure act passed in November 2021 will impact the electric vehicle market.Separately, on April 5th 2022, Marks will also be moderating the energy transition panel at NPM's US Developer & Financing Forum in Houston. The panel includes Marjorie Hong, Shell Renewable Generation's Head of Onshore Renewable Power Development, Apex Clean Energy's VP of Finance Omar Karar, Blackstone Infrastructure's Senior MD Matthew Runkle, EnCap Investments Energy Transition's Managing Partner Jim Hughes, and Bill Caesar's President of Generate Capital's waste-to-value platform.For more information on the event CLICK HERENew Project Media (NPM) is an actionable data & proprietary intelligence platform dedicated to coverage of the North American renewable energy market. NPM helps leading developers, capital providers, investors, advisors, utilities and corporate subscribers enhance their deal flow, peer tracking, market research, and origination efforts by leveraging its content to inform business decisions.www.newprojectmedia.com
In this episode of ESG Talks, Andrea Torres Villanueva, an Associate on KBRA's ESG team speaks with Bill Cox, Global Head of Corporate, Financial and Government Ratings, and Andrew Giudici, Global Head of Corporate, Project, and Infrastructure Finance. Bill and Andrew highlight findings from a recent KBRA research publication, “It Is Time to Measure the Real Impact of a Carbon Tax,” that details how corporations use internal carbon pricing, the challenges with carbon prices, and how regulatory efforts to reduce global emissions may impact a corporation's financial performance.
Nigerian Transportation Minister Rotimi Amaechi acknowledged this week that he will no longer rely on China to fund two major railways and will have now have to look elsewhere for the money. The minister's comments shouldn't come as a big surprise, though, given the plunge in overseas development lending by China's two major policy banks in recent years.China is now largely out of the business of loaning large amounts of money to build major infrastructure projects in Africa and is instead focusing on smaller, more targeted initiatives in the health, digital, power and green energy sectors that have clearer path to profitability.Abuja-based Development Reimagined Policy Analyst Ovigwe Eguegu closely follows Chinese development finance trends in Africa and joins Eric & Cobus from Addis Ababa to discuss what appears to be a new era of China's economic engagement on the continent.SHOW NOTES:The China Africa Project: Q&A: Nigerian Representative Ben Igbakpa Explains Why He Wants to Investigate 20 Years of Chinese Loans by Ovigwe Eguegu -- https://bit.ly/3L9hMMVThe Hoover Institution at Stanford University: Comments by Jendayi Fraser and Reuben Lifuka on China's sharp rise in Africa -- https://youtu.be/HfWEMM1eLMcNetwork 20/20: Comments by Gyude Moore and Jennifer Hillman on Beijing's Expanding Economic Orbit: Evaluating China's Belt and Road Initiative -- https://youtu.be/5aMxyz9mULcSpice FM: Comments by Kenya ICT Minister Joe Mucheru on the SGR contract: https://youtu.be/94-E_kVixwUJOIN THE DISCUSSION:CAP on Facebook: www.facebook.com/ChinaAfricaProjectTwitter: @ChinaAfrProject | @stadenesque | @ovigweeguegu | @devreimaginedJOIN US ON PATREON!Become a CAP Patreon member and get all sorts of cool stuff including our Week in Review report, invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug!www.patreon.com/chinaafricaprojectSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ranjini Venkatesan and Jacintha Poh of the Corporates team and Andrew Blease of the Infrastructure Finance team discuss remote work, office space, business travel and commuting in Europe, Asia-Pacific and the Americas in light of the pandemic.Related content on Moodys.com (some content only available to registered users or subscribers): Hospitality – Global 2022 OutlookPassenger Airlines – Global 2022 OutlookAirports – Europe 2022 Outlook revised to positive in wake of traffic recoveryAirports — US 2022 outlook remains positive as domestic travel recovery continuesREITs and REOCs – Global 2022 Outlook
Analyst Earl Heffintrayer of the Project and Infrastructure Finance team discusses how the air traffic recovery is helping US airports and their ability to weather COVID-19 surges. Plus, Eva Bogaty of the US Public Finance team examines prospects for tourism destinations Hawaii and Las Vegas and Tom Aaron weighs in on investment returns reducing pension liabilities for cities and states.In this Episode:Earl Heffintrayer outlines how much of the boost to airports is driven by tourists (begins at 3:22 mins) Eva Bogaty on what the economic consequences will be for major tourist destinations in the event of another COVID surge. (begins at 7:27 mins)Related Content:Airports – US: Traffic recovery stalls past peak leisure travel season; delta variant weighs on fallHawaii (State of): Update to analysis following outlook revision to positiveState and Local Government – US: Huge investment returns set to benefit governments' pension fundingState and Local Government – New York: Steep drop in target return for pension system investments is credit positiveState and Local Government – US: Retiree healthcare obligations remain material for a segment of municipal issuers
In our inaugural episode of The Big Picture podcast series, Michael Rowan of the Global Public Project and Infrastructure Finance team, Anne Van Praagh of the Sovereign team and Simon Harris of the Financial Institutions team share their perspectives on the increasing frequency of devastating climate events and how they affect debt issuers around the globe.Read research related to this episode on The Big Picture topic page.
In this episode, Michael Alter, Associate Director of Power, Energy, and Renewable Finance, and Andrew Giudici, Global Head of Corporate, Project, and Infrastructure Finance, discuss what energy storage is, the types of use cases it can target, and how KBRA assesses the technology in terms of project credit quality and environmental, social, and governance (ESG) risks.
In this episode, Michael Alter, Associate Director of Power, Energy, and Renewable Finance, and Andrew Giudici, Global Head of Corporate, Project, and Infrastructure Finance, discuss what energy storage is, the types of use cases it can target, and how KBRA assesses the technology in terms of project credit quality and environmental, social, and governance (ESG) risks.
Inspiring People & Places: Architecture, Engineering, And Construction
In the following interview, BJ sits down with Jill Jamieson, President & CEO of Illuminati Infrastructure Advisors. They discuss Jill's amazing path to becoming an internationally recognized expert on Infrastructure Finance & Public Private Partnerships. Resources mentioned in this episode: Benjamin Hoff: “The Tao of Pooh” https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/ Inspiring People and Places is brought to you by MCFA. Visit our website www.MCFAglobal.com and sign up for our weekly newsletter where we curate some of the top industry articles of the week and give you a dose of inspiration as you head into the weekend! MCFA IS HIRING!! If you or anyone you know are looking to work in the Planning, Project Development, Project Management, or Construction Management field, contact us through our website. Interns to Executives...we need great people to help us innovate and inspire, plan, develop and build our nation's infrastructure. Check out our MUST FILL positions here https://mcfaglobal.com/careers/. We reward the bold and the action oriented so if you don't see a position but think you are a fit...send us an email! Learn more at www.MCFAGlobal.com
ESG Series #5: As the world transitions from fossil fuels to renewable power and other clean energy technologies, we are entering a “super cycle” of demand for new materials. The digitalization of the global economy also drives this demand, as power grids become smarter, sustainable and more resilient. What do all these green initiatives have in common? Batteries. The World Bank has forecasted that the production of metals such as lithium, cobalt, zinc and graphite will need to increase by as much as 500% by 2050 to meet the exploding demand for batteries in EVs, energy storage and electronic devices. Milbank Global Project, Energy & Infrastructure Finance partners Allan Marks and Alec Borisoff take a deep dive into the world of battery metals with two guests from Swiss-based Pala Investments: General Counsel Kate Southwell and Head Strategist Jessica Fung.About the Speakers:Kate Southwell General Counsel for Pala Investments, a private equity investment firm based in Zug, Switzerland. She provides legal, commercial and strategic advice to Pala's portfolio companies and specializes in the management of international M&A and joint ventures and the negotiation of complex construction and commercial contracts. She also advises on alternative finance structures, including streams, royalties and mezzanine finance.Jessica Fung is Head Strategist at Pala Investments. She researches emerging technologies such as electric vehicles, renewables, recycling and blockchain and forecasts how these trends will impact commodity markets and how investors will finance the future economy.Alec Borisoff is a partner in the New York office of Milbank and a member of the firm's Global Project, Energy and Infrastructure Finance Group. He represents project sponsors, financial institutions, and export credit and multilateral development agencies in a wide range of US and cross-border projects and structured financings, investment transactions and restructurings, with a particular emphasis on mining, oil & gas, infrastructure and power-related financings.Podcast host Allan Marks is one of the world's leading project finance and corporate lawyers. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex energy and infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.For more information and insights, visit Milbank.com and follow us on social media and podcast platforms, including Apple, Audible, Google and Spotify.Disclaimer
Ted Hampton of the US Public Finance team discusses how the State of Illinois is weathering COVID-19's financial difficulties while pension obligations continue to weigh on its credit quality. Plus, Earl Heffintrayer and Myra Shankin of the Project and Infrastructure Finance team weigh in on the US airport sector's improving prospects as passenger levels pick up. Inside this episode:Ted Hampton of the US Public Finance team discusses how the State of Illinois is weathering COVID-19's financial difficulties while pension obligations continue to weigh on its credit quality. (begins at 1:36)Earl Heffintrayer and Myra Shankin of the Project and Infrastructure Finance team weigh in on the US airport sector's improving prospects as passenger levels pick up. (begins at 8:23)Related content:Illinois (State of): Update to credit analysis after outlook revision to stableIllinois (State of): Adjusted net pension liability to surpass $300 billion as source of credit stress worsensIllinois (State of): Appeals court ruling allowing challenge to validity of Illinois GO bonds is credit negativeAirports – US: Outlook revised to stable as passenger activity steady as COVID-19 surge wanesAirports - US: Recovery holds amid new travel restrictions as airports continue to restructure debtAirports – US: Airports reach short-term lease agreement extensions with airlines under similar terms
European companies are benefitting from investors' huge appetite for new equity offerings. Showing the strength of European capital markets in 2021, Germany's first IPO of the year closed in February: AUTO1 Group SE, a multi-brand technology company that develops solutions for online car buying and selling. In this episode of Law, Policy & Markets, Milbank Global Corporate partners Norbert Rieger and Sebastian Heim speak with Global Project, Energy & Infrastructure Finance partner Allan Marks about how the AUTO1 IPO shows investors' collective confidence in future growth from tech companies that are accelerating the digitalization of commerce. Norbert, Sebastian and Allan also discussed connections between public markets and private equity, broader trends in Europe, and corporate governance.About the SpeakersNorbert Rieger is Global Head of Milbank's Corporate Group. He is one of the three founding partners of the Munich office and has almost 30 years of experience in all types of corporate transactions. Norbert's broad practice covers all areas of corporate/M&A and private equity including public M&A and corporate reorganizations (Umwandlungsrecht). He is well known for his expertise in public takeovers and public-to-private transactions.Sebastian Heim is a partner in Milbank's Global Corporate Group in Munich. His practice focuses on corporate law and M&A, specializing in private equity transactions. Sebastian also advises clients with respect to restructurings and insolvency law. Podcast host Allan Marks is one of the world's leading project finance and corporate lawyers. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.For more information and insights, visit Milbank.com and follow us on social media and podcast platforms, including Apple, Audible, Google and Spotify.Disclaimer
Brazil's capital markets are surging, with new IPOs and follow-on equity offerings in 2021 extending the hot market from last year, the best in over a decade. Brazil is a bellwether for emerging markets globally. What is causing this flurry of activity, and how long will it last? In this episode of Law, Policy & Markets, São Paulo Global Capital Markets partners Fabiana Y. Sakai and Tobias Stirnberg speak with Milbank Global Project Energy & Infrastructure Finance partner Allan Marks about the state of the Brazilian market and what it means for domestic and international investors, for companies seeking to diversify capital sources, and for sustainability and ESG goals.Fabiana Y. Sakai is a partner in the São Paulo office of Milbank. Her practice focuses on capital markets, finance and corporate matters, and her clients include Brazilian corporations and US and Brazilian banks and underwriting firms. She has extensive experience across a broad range of industries, including infrastructure, financial services, real estate, manufacturing and retail.Tobias Stirnberg is a founding partner of Milbank's São Paulo office. He represents Brazilian and international companies, sponsors and lenders in their cross-border work, and he has extensive experience in finance, M&A and restructuring matters across a broad range of industries, including energy, infrastructure, transportation, financial services, metals and mining and industrials.Podcast host Allan Marks is one of the world's leading project finance and corporate lawyers. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.For more information and insights, visit Milbank.com and follow us on social media and podcast platforms, including Apple, Audible, Google and Spotify.Disclaimer
ESG Series #4: Two proxy advisory firms wield vast power over America's public companies, with little accountability or transparency. Institutional investors who control an estimated 80% of the market capital of U.S.-publicly listed companies often rely on these advisors in setting stewardship policies and in voting for or against company directors or on corporate governance matters, including ESG policies, executive compensation and investment rules. In this episode of Law, Policy & Markets, Milbank Global Project Energy & Infrastructure Finance partner Allan Marks and Global Corporate partner Neil Whoriskey discuss how proxy advisors rose to such influence, and how the interests of fund managers, the SEC and other stakeholders are bumping up against directors' fiduciary duties and conflicting state corporate law doctrines. Neil Q. Whoriskey is a partner in the New York office of Milbank LLP and a member of the firm's Global Corporate Group. His practice focuses primarily on mergers, acquisitions, and corporate governance matters. Recognized in Banking and Mergers and Acquisitions by IFLR 1000, he is the author of numerous articles on mergers and acquisitions and corporate governance topics.Podcast host Allan Marks is one of the world's leading project finance and corporate lawyers. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business. More details at Milbank.com. For more information and insights, visit Milbank.com and follow us on social media and podcast platforms, including Apple, Audible, Google and Spotify.Disclaimer
Last year, disgorgement accounted for $3.6 billion in monetary remedies for the US Securities and Exchange Commission, or three-quarters of all monetary remedies in SEC enforcement actions. Two recent Supreme Court decisions – in 2017 and 2020 – sharply curtailed the SEC's authority to pursue disgorgement. To affirm the SEC's powers, a new law on January 1, 2021 amended the Securities Exchange Act of 1934 to grant the SEC express statutory authority to pursue disgorgement of ill-gotten gains to prevent unjust enrichment. The law also extended the applicable statute of limitations. In this episode of Law, Policy & Markets, Milbank Global Project Energy & Infrastructure Finance partner Allan Marks and Milbank's Global Head of Litigation & Arbitration, George Canellos, discuss the new law and its impact in detail. George brings extra insight, having served in a variety of senior positions at the SEC most recently as Co-Director of the SEC Division of Enforcement. Subscribe to other episodes of the “Law, Policy & Markets” podcast here.About the speakers:George S. Canellos is a partner in the New York office of Milbank and Global Head of our Litigation & Arbitration Group. He represents financial institutions, public companies, asset management firms, and individuals in government investigations and contested litigation in federal and state courts, and advises clients on corporate governance and compliance with the securities and banking laws. He has more than two decades of experience prosecuting and defending white collar criminal cases and civil actions arising under the securities laws, having served twice in federal law enforcement — most recently in top positions such as Co-Director of the Division of Enforcement at the US Securities and Exchange Commission, and earlier as a federal criminal prosecutor in the US Attorney's Office for the Southern District of New York.Podcast host Allan Marks is one of the world's leading project finance lawyers, with special expertise in the power and renewable energy, transportation and airports, oil and gas, water, and telecommunications sectors. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.More details at Milbank.com. Disclaimer
Ray Tay, senior vice president, public, project and infrastructure finance group at Moody's Investors Service speaks with The Asset about what a green recovery means for Asia-Pacific and the institutions that would be ideally placed to support such projects in the region.
This week on Founder Thesis podcast host Akshay Datt is in conversation with Hemant Kanoria - Chairman at SREI Infrastructure Finance Limited. A pioneer in the field of infrastructure finance, Hemant started SREI in 1989 and in the last two and half decades has scaled it to be India's largest integrated infrastructure institutions with an asset base of around USD 5.5 billion. But that's not all, Hemant Kanoria, is also known for his role in creating a wave of rural entrepreneurs through the IT-enabled Sahaj service centre initiative that has created over 50000 village-level entrepreneurs. Tune in as this pioneer & thought leader shares his growth story, enjoying the roller coaster journey of managing businesses and about having a solution-oriented mindset. Our key takeaways from this episode are: * How to build an institution with an engaged & loyal workforce. * Decision-making framework for investing & disinvesting. * How to deal with large scale external set-backs, such as, the Covid-19 pandemic. For more such inspiring & intriguing leadership stories visit our website at www.thepodium.in We are also on Instagram at @thepodium.in and have a WhatsApp community of fellow entrepreneurs & start-up enthusiasts at www.podm.in/growwithpodium Join us there to stay updated on the latest from The Podium.in
Like a fine musician performing a complex work before a discerning audience, practicing law at an elite level can be as much art as science. Today, we take a breather from complex business issues in this bonus episode of Law, Policy & Markets featuring Milbank Global Project, Energy & Infrastructure Finance partner Allan Marks and Litigation & Arbitration partner Alex Romain, who compare notes on how their years of classical piano training and passion for playing music inform their approaches to practicing law. They explore how coaching, creativity and collaboration translate into discipline, depth and distinction and how crafting a musical performance is similar to structuring and presenting a cogent legal argument that leads to persuasive communication, authentic personal relationships and positive action. We hope you enjoy our final episode of the year. See you in 2021!Alex Romain is a partner in the Los Angeles office of Milbank LLP and a member of the firm's Litigation and Arbitration Group. Mr. Romain is a leading national trial lawyer with more than 20 years of experience representing individuals and corporations in high-stakes complex commercial litigation, white collar defense, and internal investigations. Mr. Romain's relentless advocacy has led to exemplary results for his clients. He was a member of the trial team that exonerated the late Sen. Ted Stevens, playing a key role in pursuing the exculpatory evidence that ultimately led to the senator's exoneration. The American Lawyer described his team's work on the case as “one of the best criminal defense performances in memory, resulting in a heightened scrutiny of prosecutors that will affect the Justice Department for years to come.” Mr. Romain successfully represented the Baltimore Ravens and several of its senior personnel in connection with the independent investigation conducted by former FBI Director Robert Mueller into the National Football League's handling of the Ray Rice domestic violence incident. Read MorePodcast host Allan Marks is one of the world's leading project finance lawyers, with special expertise in the power and renewable energy, transportation and airports, oil and gas, water, and telecommunications sectors. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.More details at Milbank.com.Disclaimer
ESG Series #3: Renewable energy technology and transactions have evolved globally since the early days of wind power in California. In this episode of Law, Policy & Markets, Milbank Global Project Energy & Infrastructure Finance partners Karen Wong (who retires this year) and Allan Marks (host) look at how the practice of law is evolving, as technology allows for increased responsiveness and productivity, and also share personal insights on building professional teams, deepening relationships, and the importance of giving back.About the SpeakersAs a partner in the firm's Global Project, Energy and Infrastructure Finance Group, Ms. Wong focuses on the representation of sponsors and financing parties in connection with the development, acquisition, financing and/or restructuring of energy and other infrastructure facilities in Asia and North America. In her over 30 years of practice, she has led numerous development, financing and acquisition transactions involving solar, wind, hydroelectric, geothermal, biomass, waste energy and other renewable energy facilities, as well as large-scale coal, gas and LNG-fired cogeneration plants, coal gasification, transmission lines, and oil and gas pipelines.Podcast host Allan Marks is one of the world's leading project finance lawyers, with special expertise in the power and renewable energy, transportation and airports, oil and gas, water, and telecommunications sectors. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.More details at Milbank.com. Disclaimer
Top-flight lawyers conducted a three-week trial entirely online, in the midst of a pandemic and recession, to resolve issues that dated back over a decade to the last recession. Derivatives, CDOs, credit default swaps, and financial guaranties: the facts in Putnam vs. FGIC were incredibly complex. In this episode of Law, Policy & Markets, Milbank Global Project Energy & Infrastructure Finance partner Allan Marks sorted it out with Putnam's lead lawyers – Thomas Arena, Sean Murphy and Robert Hora of Milbank's Litigation & Arbitration group – to learn how they managed one of the country's first virtual trials in complex commercial litigation in federal court, what it means for future virtual trials, and how they won the case on all counts. About the speakers: Thomas Arena represents financial institutions and corporations in federal and state courts in class actions, securities and bankruptcy litigation cases, and has conducted jury and non-jury trials in courts throughout the country. He also has substantial experience representing companies and individuals before the Department of Justice and other regulators, including the Securities and Exchange Commission and the New York Attorney General's Office.Sean Murphy's practice focuses on complex securities matters. He has defended dozens of companies and financial institutions in multi-jurisdictional class action and derivative litigation under state and federal securities laws, including claims under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940. He has extensive experience representing investment advisers and mutual fund boards in litigation and regulatory investigations involving management fees, revenue sharing, conflicts of interest, prospectus disclosure, distribution and trading, ERISA prohibited transactions, portfolio mismanagement, Rule 12b-1, board oversight and fiduciary duty litigation. He represents clients in regulatory and enforcement proceedings before the SEC, CFTC, FINRA and state regulators.Robert Hora focuses on litigation of complex commercial matters involving mutual funds, securities, commodities, and corporate governance. In recent years, Robert has successfully tried and defended some of the most significant cases in the mutual fund industry, involving close to $1 billion in alleged damages and resulting in precedent-setting decisions. Podcast host Allan Marks is one of the world's leading project finance lawyers, with special expertise in the power and renewable energy, transportation and airports, oil and gas, water, and telecommunications sectors. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.More details at Milbank.com. Disclaimer
Original publish date: October 14, 2020Inside this episode:Ivy Poon of the Infrastructure Finance team discusses how fiscal support will help offset the rise in leverage for infrastructure issuers resulting from increased capital spending on transportation, renewable energy and other projects.Celina Vansetti-Hutchins of the Banking team explains what the rapid drop in Brazilian interest rates this year means for credit conditions for the country’s banks.Related content:Falling lending spreads amid record-low rates are credit negative for Brazilian banksPolicy support for infrastructure investment will aid economic recovery
ESG Series #2: Executive compensation is a hot-button issue, correlated both to tremendous growth in financial wealth and to rising inequality. In this episode of Law, Policy & Markets, Milbank Global Project Energy & Infrastructure Finance partner Allan Marks and Executive Compensation and Employee Benefits partner Mike Shah discuss current trends in executive compensation, including:How corporate boards address competing pressures when structuring new pay packagesImpact of market volatility on incentive compensation and performance metricsKeys to designing and implementing executive pay packages aligned with a company's long-term performance ESG considerations, diversity and inclusion, and other goals that matterAttracting, retaining and incentivizing top executives to deliver both value and growthEmotional aspects of contract negotiationsAbout the speakers:Mike Shah's practice focuses on all facets of executive compensation matters. He regularly advises compensation committees and boards of directors on corporate governance and executive compensation matters. In particular, Mr. Shah has extensive experience advising public and private companies on executive compensation and employee benefits issues across a broad range of corporate transactions, including mergers and acquisitions, corporate restructurings and bankruptcies, friendly and hostile tender offers, divestures, and public offerings. Podcast host Allan Marks is one of the world's leading project finance lawyers, with special expertise in the power and renewable energy, transportation and airports, oil and gas, water, and telecommunications sectors. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business. More details at Milbank.com.The content provided by and through Milbank Conversations is subject to revision, interpretation, or even nullification after the date of recording. Milbank LLP shall not be liable for any loss that may arise from any reliance on Milbank Conversations or its component parts. All such content should not be construed as legal advice, and readers and listeners should not act upon the information without consulting counsel. Milbank Conversations should not be copied, distributed, published or reproduced, in whole or in part. If you have any comments or questions, please contact knowledgecenter@milbank.com.
How do you pay for planes and cover billions in debt when people stop flying and airlines are going broke? The global pandemic and economic slowdown have radically altered the financial landscape for airlines, aircraft manufacturers and leasing companies around the world. Our story today is about how Nordic Aviation Capital (NAC) – a leading aircraft lessor worth over $8 billion – navigated the sudden collapse in air traffic in 2020 with help from its creditors and an Irish court. Milbank Global Project, Energy & Infrastructure Finance partner Allan Marks, widely experienced in airport development and finance, sat down with partner and co-head of the firm's London Transportation and Space Group James Cameron and London Financial Restructuring Group partner Karen McMaster, who represented the secured creditors in the NAC restructuring. They discuss how the creditor negotiations unfolded and the legal and commercial issues that led to an innovative Scheme of Arrangement under Irish Law affecting parties in the UK, the European Union, the US, Asia and elsewhere. The issues in this complicated case have broader implications for cross-border restructurings, aircraft finance, and the interplay between domestic and international law, including companies law, insolvency law, treaties for the enforcement of foreign judgments, and the Cape Town Convention. Buckle up, and mind that contents may have shifted in flight.James Cameron is a top-ranked practitioner with extensive experience acting on a variety of asset leasing and financing transactions involving aircraft, ships, oil rigs, rolling stock and other movable equipment. Read MoreAs a partner in the firm's Financial Restructuring Group, Karen McMaster assists buy side and distressed investors structure, negotiate and implement investments in distressed, stressed or special situation credits. Read MoreMilbank Conversations host Allan Marks is a Milbank partner and one of the world's leading project finance lawyers, with special expertise in the power and renewable energy, transportation and airports, oil and gas, water, and telecommunications sectors. He advises developers, investors and lenders around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks serves as an Adjunct Lecturer at the University of California, Berkeley at the Law School and the Haas School of Business. Read MoreMore details at Milbank.com. The content provided by and through Milbank Conversations is subject to revision, interpretation, or even nullification after the date of recording. Milbank LLP shall not be liable for any loss that may arise from any reliance on Milbank Conversations or its component parts. All such content should not be construed as legal advice, and readers and listeners should not act upon the information without consulting counsel. Milbank Conversations should not be copied, distributed, published or reproduced, in whole or in part. If you have any comments or questions, please contact knowledgecenter@milbank.com.
In Episode #20, we discuss: The role of the World Bank in global development and how to access a career in international development. How the World Bank, as a lender of last resort, classifies countries and balances a country's financing needs with its geopolitical and other risks. Key risks in infrastructure finance in developing nations. Key trends in PPPs, project finance, and infrastructure finance pre-, during-, and post-Covid. How developing nations are faring through Covid and their prospects for recovery. Reading, listening, and watching recommendations from: Prajakta The World Bank's PPP Blog article "COVID-19 and Infrastructure: A Very Tricky Opportunity" by Richard Abadie The Financial Times and The Economist Fred "How China Controlled the Coronavirus" (The New Yorker), by Peter Hessler Jonathan "Coronavirus Stalks Southeast Asia's Once-thriving Unicorns" (Nikkei Asian Review), by Shotaro Tani, Wataru Suzuki, and Peter Guest Note, the opinions expressed are solely Prajakta Chitre's and do not express views or opinions of the World Bank Group as an institution.
South Africa is a water-stressed country and if research is to be believed at its present consumption by 2035 water demand is expected to exceed supply by 10%. In a podcast with Investec Focus Radio, Andre Wepener, Investec's Head of Power and Infrastructure Finance, talks about the potential solutions. Investec · Investec Facebook · Investec Twitter · Investec LinkedIn
Investec — South Africa is a water-stressed country and if research is to be believed at its present consumption by 2035 water demand is expected to exceed supply by 10%. In a podcast with Investec Focus Radio, Andre Wepener, Investec’s Head of Power and Infrastructure Finance, talks about the potential solutions. Tackling water before taps run dry
Investec — South Africa is a water-stressed country and if research is to be believed at its present consumption by 2035 water demand is expected to exceed supply by 10%. In a podcast with Investec Focus Radio, Andre Wepener, Investec’s Head of Power and Infrastructure Finance, talks about the potential solutions.
This episode sees Rickard Wärnelid, Mazars Infrastructure & Energy sector lead, discuss infrastructure finance and standardisation of these unique financial models. Rickard also elaborates on his path from a quantitative analyst to running Corality, a leading provider of infrastructure financial modelling training, to his current role at Mazars.
The accurate financial modelling of infrastructure projects is critical to ensure they are properly banked and robust enough to handle any circumstances that may arise. Hear from Dario Musso, the Head of Infrastructure Finance at Rand Merchant Bank, as we discuss how infrastructure finance modelling has evolved and what role it plays in banking today.
An infrastructure bill is on the agenda for Congress, but what problems would it fix? In this RAND Congressional Briefing, Debra Knopman discusses policies that promote and deter investment and maintenance of water and transportation infrastructure.
Books Jo Guldi, Roads to Power Cassis, De Luca and Florio, eds., Infrastructure Finance in Europe David Headrick, Tentacles of Progress Kander, Malanima and Warde, Power to the People