Tome La Siguiente Salida (Take the Next Exit)

In this case study, we examine a disastrous series of private infrastructure equity and debt investments: ten Spanish toll roads procured between 1998 and 2004. Despite these projects being procure ...

Author(s):

Silvia Garcia Moraleja

Senior Analyst at EDHEC Infrastructure Institute

Frédéric Blanc-Brude

Director of the EDHEC Infrastructure Institute.

Tim Whittaker

Associate Research Director at the EDHEC Infrastructure Institute and Head of Data Collection.

In this case study, we examine a disastrous series of private infrastructure equity and debt investments: ten Spanish toll roads procured between 1998 and 2004. Despite these projects being procured with the discipline of non-recourse project financing and the presence of a blanket government guarantee, within a few years of their becoming operational, nine out of ten roads were bankrupt, their equity investors wiped out and their lenders booking losses of 90 cents on the dollar.

Pdf
Tome La Siguiente Salida (Take the Next Exit)...
(-1.00 B)
Type: EDHEC Publication
Date: le 11/04/2018
Extra information :

EDHECInfra

Research Cluster : EDHEC Infrastructure Institute

See Also

EDHEC partners KPMG on a new training programme for family businesses, Family Shift
News
- 25-10-2021
On 14 October, Benoît Arnaud, Director of Programmes at EDHEC Business School and Axel...
AGORA MEETS BERTRAND BADIE, POLITICAL SCIENTIST AND INTERNATIONAL RELATIONS SPECIALIST
News
- 21-10-2021
Agora students held another 'Rencontre de l'Agora' event on Wednesday 19 October, this...
Eiffel Excellence Scholarship: the most prestigious French scholarship you can get
News
- 21-10-2021
Mikhail Miroshnichenko joined EDHEC MiM Finance after his Bachelor’s degree in...
EDHEC-Auchan Learning Partnership: Retail industry transformations at the heart of EDHEC International BBA learning
News
- 20-10-2021
Auchan is joining forces with EDHEC to share its retail industry expertise with EDHEC...