Four MIGA Projects Take Home Top Industry Honors 

Four MIGA-supported projects garnered top industry plaudits from Euromoney’s Project Finance magazine and Thomson Financial’s International Securitisation Report. Among the projects cited by Project Finance are the Uganda Bujagali Power Project, named African Power Deal of the Year; Djibouti Doraleh Container Terminal, African Transport/Ports Deal of the Year; and Costa Rica Autopista del Sol, Latin America PPP Deal of the Year. The MIGA-backed Kazakhstan BTA Ipoteka Project was named RMBS Deal of the Year Europe by International Securitisation Report.

“We are pleased that these pioneering transactions have won such prestigious awards,” said MIGA’s Executive Vice President, Yukiko Omura. “Together, these deals illustrate the strong additional advantage that MIGA brings to complex transactions in difficult environments.”

The scope of the awards reflects MIGA’s focus on supporting innovative deals in areas ranging from infrastructure to Islamic finance in all regions of the world.

According to Project Finance: “MIGA was crucial to the success of the [Djibouti] project given that no international project banks have country limits for Djibouti and that it has no OECD ECA risk classification.” Click here for project details.

“It is indeed an honor to be recognized by industry pundits for our ability to adapt our traditional instruments and global project finance practices to meet the needs of diverse investor groups,” Omura said.

The magazine also noted that the Costa Rica toll road project is the first PPP toll road concession in the country, “which for all its political stability has been a challenging place to finance infrastructure.” Adds Project Finance: “If this tentative deal can provide a model in what has been a decidedly difficult market, it will pave the way for not only future toll road deals, but may stimulate support for other, much-needed infrastructure development in the country.” For more on the project, click here.

The Djibouti project also received the best country deal award from Malaysia’s Islamic Finance News magazine. Awardees are chosen through a comprehensive survey of finance industry peers.

Since its inception in 1988, MIGA has been instrumental in encouraging investors to move forward with scores of innovative deals such as these. Click here to learn more about the types of deal structures supported by MIGA. Find out more about MIGA’s portfolio by visiting http://www.miga.org/regions/ and http://www.miga.org/sectors/.