Clifford Chance LLP and Yegin Ciftci have advised HSBC Bank plc in connection with the recent financing of the state-of-the-art Elazig integrated health campus using the first ever greenfield project bond structure in the Turkish PPP market.

White & Case LLP has advised the sponsors on the financial close of the US$990 million project financing of the Bahrain LNG import terminal. The sponsors were a consortium that included the Gulf Investment Corporation, Samsung C&T Corporation and Teekay LNG Partners L.P.

Jones Day advised a consortium of senior creditors, consisting of ABN AMRO Bank N.V.

King & Wood Mallesons has assisted a syndicate of banks (comprising Commonwealth Bank of Australia, Credit Agricole CIB Australia Limited, ING Bank (Australia) Limited, ING Bank N.V., Singapore Branch, National Australia Bank, Natixis, Hong Kong branch and Westpac Banking Corporation) to reach financial close in respect of the $1.73B financing of Stage 1 of the Westconnex Motorway. 

Ashurst advised an international bank consortium comprising KfW IPEX-Bank, DZ BANK AG, London Branch, Landeskreditbank Baden-Württemberg - Förderbank and MUFG Securities EMEA plc. on financing the project to widen Germany's A6 motorway between the town of Wiesloch/Rauenberg and the Weinsberg junction. The financing is provided by a bond issued by the project company ViA6West GmbH & Co. KG (ViA6West), which is taken over by the banks.

International law firm Ashurst advised the syndicate of lenders on the more than US$4 billion facility arranged by the Industrial and Commercial Bank of China for the construction of the Caculo Cabaca hydroelectric power project. 

With an installed capacity of more than 2,100MW, the project is a key part of the phased water resource development projects on the Kwanza river and expected to significantly contribute to the power supply security of Angola and nearby countries.

First LNG receiving and regasification PPP project in the Middle East

The project will be the first LNG receiving and regasification terminal in the Middle East developed on a public-private partnership (PPP) basis and is Bahrain’s first LNG project. With an initial capacity of 400 million standard cubic feet per day (expandable to double this capacity), it will be completed in early 2019.

International law firm Watson Farley & Williams (“WFW“) advised a syndicate of twelve domestic and international banks on a complex transaction relating to the transfer of the original €280m financing of four wind farms with a total capacity of circa 180 MW in Italy (Apulia and Campania regions) owned by Daunia Wind S.r.l (“Daunia Wind”). The transaction was successfully closed within a planned six month period from June to November 2016.

Shearman & Sterling advised the lenders in connection with the development and financing of the 2,400MW Hassyan coal-fired Independent Power Producer (IPP) in Dubai. The lenders comprised a combination of financial institutions from the PRC and local and regional commercial banks. The financing included a mezzanine tranche. Prior to this, the firm advised the lenders on the Shuaa Energy transaction in 2015, which was the first IPP in Dubai.

Gleiss Lutz has advised European Investment Bank (EIB) in connection with a project financing for the expansion of the A6 between Wiesloch-Rauenberg and the Weinsberg intersection. The consortium consists of EIB and five other banks, namely Bank of Tokyo-Mitsubishi UFJ, Ltd., DZ Bank AG, KfW IPEX-Bank, Landeskreditbank Baden-Württemberg – Förderbank – (L-Bank) and UniCredit Bank AG.