05 August 2003

This information is provided courtesy of Law-Now, CMS Cameron McKenna's free on-line information service.

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Mixed financing solutions

The best way forward for large scale
limited recourse projects

Not all transport or infrastructure projects are best served
by limited recourse project financing (or hybrid project and
corporate financing) solutions but a large number of them
are. The characteristics of many of these projects means
that promoters and their financial advisers are increasingly
looking to both the commercial bank and the bond markets
to raise the significant amounts of debt financing that these
projects require. However, a mixed funding solution creates
a considerable number of 'challenges' that are not readily
apparent or for which market standard solutions have yet to
be developed.

If you wish to know more about these issues and how they
are starting to be addressed please click on the following link:

http://www.law-now.com/CS2000/internet/EN/co50law-now/co55archive/2003/mixedfinancingsolutions.htm

If you require any further information please contact Andrew
Ivison at andrew.ivison@cmck.com or on
+44 207 367 3410

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