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BreBeMi aims for mid-2012 close
09 February 2012
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[autostrade]
[biis]
[bescia]
[milan]
The sponsors for the BreBeMi motorway toll concession hope to to reach financial close by mid-2012 after delays to the project meeting its conditions precedent. The sponsors - Autostrade and BIIS, a subsidiary of Intesa Sanpaolo - have already agreed a Eu350 million ($463.2 million) bridge loan for the project, but now that construction has begun, a project financing structure is required. The two had hoped to...
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