Urbaser-Meridiam consortium has announced the financial close for the Zubieta waste-to-energy plant PPP in Guipuzcoa, Basque Country (Spain).
The Ekondakin consortium, comprised of Meridiam Investments (50%), Urbaser (46%), Construcciones Moyua (1%), Murias (1%), Altuna y Uría (1%) and LKS Ingeniería (1%), has achieved the financial closure for a total amount of €191 million (US$213 million) through an innovotive combination of bonds and loan agreements.
The financing has been arranged with a group of financial institutions including Natixis, Rivage, AG Insurance, Kommunal Kredit, CIC, Siemens Bank, and KDB. Additionally BBVA has been appointed as the bookrunner and financial advisor for the transaction.
As we reported, Ekondakin was awarded the PPP contract in early January and will be the concessionaire for the project for a period of 32 years. The total project investment is estimated at €217.6 million (US$243 million).
The concessionaire will be responsible for the construction, finance, operation and maintenance of a waste to energy plant with capacity to treat approximately 200,000 tones per year. In addition, the consortium in charge of the concession will have rights on the revenues for the power generated, which is expected to be 160.000 MWh per year.
FCC Aqualia, the FCC Group subsidiary specialising in integral water management, has successfully closed the process of issuing two simple bonds for a total amount of €1,350 million (US$1,511 million).
Read moreUBS Asset Management's UBS International Infrastructure Fund II has signed an agreement to acquire 100% of the equity interest in Autovía del Camino, a 72.4 kilometre concession road located in Northern Spain.
Read moreAtlantia has announced the decision to launch a voluntary tender offer on the entire issued share capital of Abertis Infraestructuras, that would create the world’s biggest operator of toll roads.
Read moreAlkion Terminals and LBC Tank Terminals have announced the signing of an agreement in which Alkion will acquire the 50% shareholding in LBC Sogestrol and the full ownership of 4 tank terminals in France (Bayonne, Le Havre, Marseille, Nantes), 2 tank terminals in Spain (Cartagena, Santander) and 1 tank terminal in Portugal (Lisbon).
Read more3i Group has announced the first close of the 3i European Operational Projects Fund, with €155 million (US$169 million) raised from a number of European investors, including a commitment of €40m from 3i.
Read more