PORTUGUESE FINANCE TOLL ROAD NETWORK

In what is described as Europe's largest nonrecourse financing for a toll highway, an operator in Portugal in July raised just over Euro 1.3 billion (US$1.4 billion) for a 170-km network of roads northeast of Porto, the northern port city. Financing includes a Euro 450 million (US$459 million) loan from the European Investment Bank, its first with the interest rate at each drawdown to be fixed in advance, according to the concession company's financial advisor.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/19598638
• Corporate Authors:

  Public Works Financing

  147 Elmer Street
  Westfield, NJ  United States  07090-2433
• Publication Date: 1999-7

Language

• English

Media Info

• Pagination: p. 20-21
• Serial:
  • Public Works Financing
  • Volume: 131
  • Publisher: Public Works Financing
  • ISSN: 1068-0748

Subject/Index Terms

• TRT Terms: Financing; Interest rates; Loans; Toll roads
• Geographic Terms: Europe; Portugal
• Subject Areas: Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00767844
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 27 1999 12:00AM