Metro Latam 2016 Conference: April 26-28, 2016
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Innovative Financing Schemes for Urban Transport Projects in India
Latin America : Innovative financing schemes for urban transport projects in India Arnaud Dauphin Lead Urban Transport specialist Urban Mobility India New Delhi, November 2015 1 AFD, the French Development Bank 70 countries India since 2006 8 billion € commitment /year 300-400 million € /year 1 billion € for transport /year Bangalore, Kochi, Nagpur metros 2 BRAZIL : Salvador de Bahia Metro Line 1 and 2 3 Brazil : Salvador de Bahia – Project map Population : 4,4 M inhab. Length : 33,4 km 19 stations Commissioning: 2015 – 2020 Ridership: 500 000 pax/day -2016 4 Brazil : Salvador de Bahia – Main features Owner Federative State of Bahia Scope Greenfield - Brownfield project : 2 metro lines, 33,4km, 19 stations and passenger transfer terminals Investments cost US$ 1 bln (6605 Kr) Public funding $620 M – 3945 Kr (64%) Private financing $380 M - 2660 Kr (36%) IFI’s Involvement No but on going discussion with AFD for LRT rehabilitation Project structuring PPP – DBFOM Contractor CCR metro Bahia (Camargo Correa group) Construction schedule 42 months Operation 30 years (but operation in 9 months) 5 Brazil : Salvador de Bahia – financial mechanisms International bidding process Fixed amount of public financing disbursed on milestone- based payment during the construction (8 milestones) A minimum ridership threshold is guaranteed by the Owner in the tender docs (500 000 px/day) Bid evaluation based on the level of remuneration requested by the concessionaire to balance the project Concessionaire able to get concessional loans from BNDES -
Africa 2016 Latin America 2016 Latin America 2015-2016
In 2016 a large catch-up* in infrastructure investments is being confirmed by several Latin American countries, driven by the knowledge that economic growth relies heavily on quality infrastructure. The transport sector is going to firmly benefit from the expected increase in public and private funds. The continent being one of the most urbanized regions in the world, a large focus goes into urban rail projects: Mexico, Guatemala, Paraguay, Colombia, Chile, Brazil… are planning new projects for metro, light rail, high speed rail, monorail and passenger trains. One country is clearly taking the lead: Argentina. Besides boosting its investment climate and PPP laws, Argentina made public the ambitious 8-year 14.187 m USD investment in Buenos Aires` commuter network. Related key projects are the city`s RER and tunneling of the Sarmiento line. The Latin America Passenger Rail Expansion Summit will bring together local and international stakeholders, government officials, operators, developers, architects, consultants and equipment plus solution providers to discuss the current rail sector. *300.000 m USD is what Latam should be investing annually, versus the 150.000 m USD spent annually on infrastructure in the previous 20 years. http://latinamerica.railexpansionsummit.com OUTLOOK SOME OF THE TO BE INVITED DELEGATES Argentina foresees 14187 m USD ANPTrilhos INCOFER, Costa Rica Ministerio de Transporte y Comunicaciones, Peru 14187 investment in AFE Uruguay VLT Carioca Consortium Directorio de Transporte Público Metropolitano, Chile suburban network. FEPASA Paraguay Metro de Santiago, Chile Subterráneos de Buenos Aires SE (SBASE) CPTM São Paulo ANTT Brazil Gobierno Autónomo Municipal Santa Cruz Bolivia STM São Paulo ProInversión Peru Transporte Metropolitano de Barcelona New Rolling stock wagons in use in Metro Rio Metro DF Brazil Ministerio de Transporte Argentina 735-> Buenos Aires. -
Improving Sustainable Development in Lima Through Public Transportation Investment Kyle Fischer Lehigh University
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Lehigh University: Lehigh Preserve Lehigh University Lehigh Preserve Volume 35 - Leveraging Peru's Economic Potential Perspectives on Business and Economics (2017) 2017 Improving Sustainable Development in Lima Through Public Transportation Investment Kyle Fischer Lehigh University Follow this and additional works at: https://preserve.lehigh.edu/perspectives-v35 Recommended Citation Fischer, Kyle, "Improving Sustainable Development in Lima Through Public Transportation Investment" (2017). Volume 35 - Leveraging Peru's Economic Potential (2017). 6. https://preserve.lehigh.edu/perspectives-v35/6 This Article is brought to you for free and open access by the Perspectives on Business and Economics at Lehigh Preserve. It has been accepted for inclusion in Volume 35 - Leveraging Peru's Economic Potential (2017) by an authorized administrator of Lehigh Preserve. For more information, please contact [email protected]. IMPROVING SUSTAINABLE DEVELOPMENT IN LIMA THROUGH PUBLIC TRANSPORTATION INVESTMENT Kyle Fischer Introduction GDP growth rates in Latin America, averaging 5.9 percent per year, with a large percentage Every day citizens of Lima travel across of that growth coming from Lima, the capital the city for work or personal reasons, like city, where over one-third of Peru’s population people all over the world. Yet they face lives (Peru Overview…). For high growth rates more obstacles in their daily travels, with a to continue in the coming years, however, good portion of their time wasted sitting on Lima needs to decrease its income inequality, overcrowded, unregulated, dangerous buses which has seen little improvement over the in traffic. -
August 5, 2021 Garrigues Advises Metro De Lima on US$961 Million
August 5, 2021 Garrigues advises Metro de Lima on US$961 million financing packages for Lima Metro Line 2 Project Garrigues advised Metro de Lima Linea 2 on a set of financings packages for the Lima Metro Line 2 Project, in an aggregate amount of US$961 million. These packages consisted in (i) a US$811 million off-balance sheet Export Credit Agency backed-financing, and (ii) an amended and restated US$150 million Revolving Construction Facility. Both financings are backed by Peruvian government payments under the Lima Metro Line 2 Project and closed days apart. Lima Metro Line 2 is one of the most ambitious infrastructure projects launched in Latin America under a PPP structure. Under the 35-year concession agreement, 35 km of subway lines will be built, with a total investment of approximatively US$ 5.5bn. Peru employs a unique financing mechanism to minimize construction risk for the Lima Metro Line 2 Project, called RPI-CAOs. These are government-backed milestone-linked receivables that represent the payment obligations of Peru’s Ministry of Transport and Communications. Each RPI-CAO makes available 60 quarterly payments for a period of 15 years to the Project, upon achievement of defined milestones, and will be used to repay lenders under both facilities. KEY HIGHLIGHTS: A. ECA-Backed Facility: The Facility is covered by an export credit guarantee provided by SACE, the Italian Export Credit Agency. The syndicated loan was provided by a set of European banks to a special purpose vehicle, which will purchase the RPI-CAOs from Metro de Lima using funds disbursed by lenders. -
The Urban Rail Development Handbook
DEVELOPMENT THE “ The Urban Rail Development Handbook offers both planners and political decision makers a comprehensive view of one of the largest, if not the largest, investment a city can undertake: an urban rail system. The handbook properly recognizes that urban rail is only one part of a hierarchically integrated transport system, and it provides practical guidance on how urban rail projects can be implemented and operated RAIL URBAN THE URBAN RAIL in a multimodal way that maximizes benefits far beyond mobility. The handbook is a must-read for any person involved in the planning and decision making for an urban rail line.” —Arturo Ardila-Gómez, Global Lead, Urban Mobility and Lead Transport Economist, World Bank DEVELOPMENT “ The Urban Rail Development Handbook tackles the social and technical challenges of planning, designing, financing, procuring, constructing, and operating rail projects in urban areas. It is a great complement HANDBOOK to more technical publications on rail technology, infrastructure, and project delivery. This handbook provides practical advice for delivering urban megaprojects, taking account of their social, institutional, and economic context.” —Martha Lawrence, Lead, Railway Community of Practice and Senior Railway Specialist, World Bank HANDBOOK “ Among the many options a city can consider to improve access to opportunities and mobility, urban rail stands out by its potential impact, as well as its high cost. Getting it right is a complex and multifaceted challenge that this handbook addresses beautifully through an in-depth and practical sharing of hard lessons learned in planning, implementing, and operating such urban rail lines, while ensuring their transformational role for urban development.” —Gerald Ollivier, Lead, Transit-Oriented Development Community of Practice, World Bank “ Public transport, as the backbone of mobility in cities, supports more inclusive communities, economic development, higher standards of living and health, and active lifestyles of inhabitants, while improving air quality and liveability. -
GMT Global Metro Projects Report 2018.Qxp
GLOBAL METRO PROJECTS REPORT 2018 The continued growth of the metrorail sector across the world has reinforced its role in urban transportation and boosted the order book of many construction contractors and equipment suppliers. The sector has benefited from favourable government policies, public investment and recognition as the mode of choice for transport authorities interested in providing sustainable urban mobility solutions for Smart Cities. The industry has many opportunities because the existing lines and rolling stock need renewal and upgrade; there is a strong pipeline of projects which are in approval or planning phase and new business segments such as asset management, support for complex construction and operations planning have opened up in the services sector. Transport authorities are keen to improve service reliability, operations efficiency and environmental sustainability of the existing metrorail systems as well as lower costs and implementation timelines of upcoming systems. New technology has enabled greater engagement with the customers through integrated electronic ticketing and Wi-Fi, demand-based and flexible service for crowd management, real-time passenger alerts, low downtime due to predictive maintenance and increased lifespan of assets. The transport authorities adopting best practices in these areas receive the benefits of enhanced image and high ridership. The Global Metro Projects Report 2018 assesses the current metrorail sector and identifies upcoming opportunities. It provides updated information on 100 metro projects from 52 countries representing over 80 per cent of the world's gross domestic product. The report is comprehensive in its coverage of opportunities in the development of new lines, extension and upgrades of existing lines, rolling stock procurement and refurbishment, power and communication systems upgrades, fare systems, as well as station construction and refurbishment. -
Peru's Infrastructure Investment Guide 2020/2021 for a Comfortable Interactive Experience, We Recommend to Use the Adobe Acrobat App
Peru's Infrastructure Investment Guide 2020/2021 For a comfortable interactive experience, we recommend to use the Adobe Acrobat app 2 Infrastructure Investment No partGuide of this publication Edited by: may be reproduced, Ernst & Young Consultores SCRL distributed or transmitted in For its publishing trademark: EY any form2020/2021 or by any means, Av. Víctor Andrés Belaunde 171, including photocopying, Urb. El Rosario – San Isidro recording, or other electronic Lima - Peru or mechanical methods, without the prior written Design and layout: permission of the publisher. Carlos Aspiros © All rights reserved Photos: ProInversión, EY, © EY Shutterstock, iStock and Legado © Ernst & Young OficialPE-Flickr. Author(s): First edition - September 2020 Collective work Legal Deposit made at the National Library of Peru N° ISBN: 3 EY PERU OFFICES EY INFRASTRUCTURE TEAM Lima • Manuel Rivera Av. Jorge Basadre 330 Tax Infrastructure Leader San Isidro - Lima [email protected] Phone: +51 1 411 7331 Phone: +51 1 411 4444 • Juan José Cárdenas Av. Víctor Andrés EY Law Projects and Infrastructure Leader Belaunde 171 [email protected] San Isidro - Lima Phone: +51 1 411 3047 Phone: +51 1 411 4444 • Enrique Oliveros Arequipa Strategy and Transactions Lead Partner Head of Investment Banking EY Latam North Region Av. Bolognesi 407 [email protected] Yanahuara - Arequipa Phone: +51 1 411 4417 Phone: +51 54 484 470 • Mauro Ugaz Chiclayo People Advisory Services Partner Av. Federico Villarreal 115, [email protected] Salón Cinto Phone: +51 1 411 7414 Chiclayo - Lambayeque • Valeria Galindo Phone: +51 74 227 424 People Advisory Services Partner [email protected] Trujillo Phone: +51 1 411 7313 Av. -
Cuadro General
Capítulo 1 – Curitiba, la ciudad actual El planeamiento como sistema: el caso de Curitiba, Brasil Principios, instrumentos y evolución del sistema de planeamiento urbanístico y ambiental de Curitiba (1965-2004) Francisco de Assis Rosa TESIS DOCTORAL Director: Joaquín Sabaté Bel Universitat Politècnica de Catalunya – UPC Departamento de Urbanismo y Ordenación del Territorio Escuela Técnica Superior de Arquitectura de Barcelona - ETSAB Barcelona, 2018 CAPÍTULO 1 - CURITIBA, LA CIUDAD ACTUAL - 37 Explicación Uno de los objetivos de este capítulo es presentar el ámbito de estudio de la investigación, el municipio de Curitiba, sus contornos, sus principales características físicas, económicas y sociales, así como su actual estructura de planeamiento urbanístico y ambiental. El segundo aspecto es verificar si realmente la actuación pública de Curitiba destaca en el país y cuánto4. Para ello, se busca valorarla comparativamente con otras ciudades capitales de estado del país de una manera objetiva, mediante el análisis de los principales servicios públicos prestados, gracias a los datos publicados en distintos medios oficiales. Asimismo, se considera que el planeamiento tiene un protagonismo en los resultados positivos obtenidos en la prestación de los servicios y las obras públicas en una ciudad. De esta manera, se adopta un análisis comparativo con más de 30 indicadores urbanos de las 27 capitales del país respecto a los más distintos temas, como la gestión pública, las estructuras de planeamiento, la prestación de servicios públicos en los ámbitos de vivienda, salud, transporte colectivo, entre otros. Los análisis comparativos de los indicadores (socioeconómicos, urbanísticos, demográficos, etc.) entre estas capitales se centran en términos cuantitativos, puesto que los cualitativos quedan fuera del alcance de esta investigación. -
Latin Lawyer's Sister Publication Global Investigations Review on 24 August
BBrazil’srazil’s IG4IG4 acquiresa cquires stake stake in i nPeruvian Peruvia n iinfrastructurenfrastructure group group Aenza Aenza Emily Darby 24 August 2021 Credit: shutterstock/Myriam B Shearman & Sterling LLP in New York and Washington, DC and Miranda & Amado Abogados in Lima have helped Brazilian infrastructure investor IG4 Capital launch a US$58 million tender offer to acquire a stake in Peruvian infrastructure company Aenza, making it the largest shareholder. US law firm Simpson Thacher & Bartlett LLP and Peru’s Hernández & Cía Abogados advised Aenza in the transaction, while Rubio Leguía Normand in Lima helped a group of Aenza’s selling shareholders. The deal closed on 5 August. The buyer used its private equity fund, IG4 Capital Infrastructure Investments, to complete the transaction. Through the offer, the infrastructure investor purchased 107 million common shares in Aenza for 1.88 Peruvian soles (US$0.46) per ordinary share and 9.40 Peruvian soles (US$2.29) for each American depositary share. With that transaction, IG4 obtained some 12.3% of the target company’s shares. The private equity fund then acquired further shares in Aenza by executing a syndication agreement – a deal that IG4 struck with various Aenza shareholders in November 2019 at the announcement of the tender offer. As part of that contract, the existing stakeholders – including former Aenza executives and founding members of the company – agreed to transfer their shares and voting rights in the company to IG4’s private equity fund. Those investors transferred some 188 million shares to the vehicle, representing a 21.6% stake in the company. -
Global Report Global Metro Projects 2020.Qxp
Table of Contents 1.1 Global Metrorail industry 2.2.2 Brazil 2.3.4.2 Changchun Urban Rail Transit 1.1.1 Overview 2.2.2.1 Belo Horizonte Metro 2.3.4.3 Chengdu Metro 1.1.2 Network and Station 2.2.2.2 Brasília Metro 2.3.4.4 Guangzhou Metro Development 2.2.2.3 Cariri Metro 2.3.4.5 Hefei Metro 1.1.3 Ridership 2.2.2.4 Fortaleza Rapid Transit Project 2.3.4.6 Hong Kong Mass Railway Transit 1.1.3 Rolling stock 2.2.2.5 Porto Alegre Metro 2.3.4.7 Jinan Metro 1.1.4 Signalling 2.2.2.6 Recife Metro 2.3.4.8 Nanchang Metro 1.1.5 Power and Tracks 2.2.2.7 Rio de Janeiro Metro 2.3.4.9 Nanjing Metro 1.1.6 Fare systems 2.2.2.8 Salvador Metro 2.3.4.10 Ningbo Rail Transit 1.1.7 Funding and financing 2.2.2.9 São Paulo Metro 2.3.4.11 Shanghai Metro 1.1.8 Project delivery models 2.3.4.12 Shenzhen Metro 1.1.9 Key trends and developments 2.2.3 Chile 2.3.4.13 Suzhou Metro 2.2.3.1 Santiago Metro 2.3.4.14 Ürümqi Metro 1.2 Opportunities and Outlook 2.2.3.2 Valparaiso Metro 2.3.4.15 Wuhan Metro 1.2.1 Growth drivers 1.2.2 Network expansion by 2025 2.2.4 Colombia 2.3.5 India 1.2.3 Network expansion by 2030 2.2.4.1 Barranquilla Metro 2.3.5.1 Agra Metro 1.2.4 Network expansion beyond 2.2.4.2 Bogotá Metro 2.3.5.2 Ahmedabad-Gandhinagar Metro 2030 2.2.4.3 Medellín Metro 2.3.5.3 Bengaluru Metro 1.2.5 Rolling stock procurement and 2.3.5.4 Bhopal Metro refurbishment 2.2.5 Dominican Republic 2.3.5.5 Chennai Metro 1.2.6 Fare system upgrades and 2.2.5.1 Santo Domingo Metro 2.3.5.6 Hyderabad Metro Rail innovation 2.3.5.7 Jaipur Metro Rail 1.2.7 Signalling technology 2.2.6 Ecuador -
Works on the Construction of Lima's Metro Line 2
Works on the construction of Lima’s Metro Line 2 (Peru) RESULTS REPORT 3Q19 INDEX 1 Executive Summary 3 1.1 Main figures 3 1.2 Relevant facts 5 2 Consolidated Financial Statements 6 2.1 Income Statement 6 2.1.1 Sales and Backlog 7 2.1.2 Operating Results 9 2.1.3 Financial Results 9 2.1.4 Results from Associates 10 2.1.5 Net Profit Attributable 10 2.2 Consolidated Balance Sheet 11 2.2.1 Non-Current Assets 12 2.2.2 Working Capital 12 2.2.3 Net Worth 12 2.2.4 Net Debt 13 2.3 Net Cash Flows 13 2.3.1 Cash Flow from Operating Activities 13 2.3.2 Investments 14 2.3.3 Other Cash Flows 14 3 Evolution per Areas of Activity 15 3.1 Infrastructures 15 3.1.1. Construction 16 3.1.2 Concessions 18 3.2 Industrial Services 20 3.3 Services 22 4 Annex 23 4.1 Main figures per area of activity 23 4.2 Share data 24 4.3 Exchange Rate Effect 25 4.4 Main Awards 26 4.4.1 Infrastructure 26 4.4.2 Industrial Services 28 4.4.3 Services 28 5 ACS Group organizational structure 29 6 Glossary 30 2 RESULTS REPORT 3Q19 1 Executive Summary 1.1 Main figures Grupo ACS Key operating & financial figures Euro Million 9M18 9M19 Var. Turnover 27,091 28,800 +6.3% Backlog 70,329 77,584 +10.3% Months 22 24 EBITDA (1) 2,171 2,406 +10.8% Margin 8.0% 8.4% EBIT (1) 1,543 1,652 +7.0% Margin 5.7% 5.7% Attributable Net Profit 691 769 +11.2% EPS 2.22 € 2.50 € +12.4% Net Investments 214 1,271 n.a Investments 679 1,538 Disposals 465 266 Total Net (Debt)/Cash 128 (1,236) n.a Businesses' Net (Debt)/Cash 315 (1,121) Project Financing (187) (115) Data presented according to ACS Group management criteria. -
La Calidad De Servicio De Transporte Urbano En El Tramo 2 De La Línea 1
La calidad de servicio de transporte urbano en el tramo 2 de la línea 1 del metro de Lima y la seguridad de las pertenencias de los usuarios de Lima Metropolitana, 2015 Tesis para optar el grado académico de: Magister en gestión pública Autor: Ba. Segura Lezama, Genaro Marcial Asesor: Mgtr. Albarrán Gil, Jorge Luis Sección: Ciencias empresariales Línea de investigación: Administración del talento humano Perú-2017 ii _____________________________ Dr. Martínez López Edwin Presidente __________________________ Dra. Cadenillas Albornoz Secretario __________________________ Mgtr. Jorge Luis Albarrán Gil Vocal iii Dedicatoria: Este trabajo lo dedico a mis señores padres el Señor Leonardo Segura Andrade y la Señora María Lezama Briceño quienes formaron un sólido hogar familiar y se preocuparon de darme la educación y cultura desde mi niñez a mi juventud, ellos dieron forma y temple a mi forma de ser con espíritu de no doblegarse ante nadie y por nada, considerar y respetar a los demás como seres humanos como a mí mismo. iv Agradecimiento Quiero expresar mi agradecimiento al Dr. Cesar Acuña Peralta por la acertada idea de crear la Universidad Privada Cesar Vallejo Filial en el Distrito de San Juan de Lurigancho, con extensión la escuela de postgrado, que hizo posible estudiar el Postgrado de Magister en Gestión Pública. Mis más sincero y profundo agradecimiento a mis Asesores de Tesis, Dr. Albarrán Gil Jorge Luis, Dra. Cadenillas Albornoz Violeta. A los profesores que hicieron posible los conocimientos adquiridos. A los miembros del Jurado de examen de tesis que hicieron posible graduarme con el Grado Académico de Magister en Gestión Pública, Presidente Dr.