References

 

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Selected Project Cases

 

Below, please find additional information on selected projects closed by AIL:

  •   Export Financing - Awash-Weldia Railway Project in Ethiopia

    Construction of a new 389 km railway line by Ethiopian Railways Corporation (ERC) between the cities of Awash and Weldia.

     

    The overall cost for the first phase of the project is approx. USD 1.2 billion, with several Swiss and Austrian firms involved as subcontractors to the Turkish general contractor. The Swiss and Austrian scope of deliveries and services include workshop design, delivery of workshop, telecom and power supply equipment, supply of catenary and rail welding equipment as well as delivery of railway turnouts and steel bridges.

     

    The Swiss and Austrian portion represent an investment of USD 143 million, of which USD 126.7 million are financed under a SERV (Swiss Export Credit Insurance) covered long-term loan.

     

    • Closing: November 2014
    • Role AIL: Financial advisor to the main Swiss contractor

     

    Activities performed by AIL:

    • Structuring of the SERV covered export financing, including SERV compliant supply contract structure
    • Support in the negotiation of the supply contract
    • Management and coordination of all activities related to the financing process up to financial closing
  •   Project Financing – Hydro Power Plant for Benedictine Sisters in Tanzania

    Construction of a greenfield 5 MW hydro power plant for Benedictine Sisters in Tanzania

     

    Sponsor and Investor for the project is Mr. Albert Koch, a Swiss private individual, whose objective is to create a long term income stream for the Benedictine Sisters, to finance the Benedictine Sister’s charitable activities (Schools, orphanage, medical care, etc.). At the same time, the project will provide a stable electricity supply in the region, will allow the connection of new households to the electricity network and will permit the replacement to a large extent of diesel power plants currently in use in the region.

     

    Total project cost is approx. USD 26.4 million, of which USD 18.5 million are financed by way of a SERV covered loan facility.

     

    • Closing: July 2014
    • Role of AIL: Financial advisor to project sponsor

     

    Activities performed by AIL:

    • Structuring of the overall project, including supply contract structure and financial structure
    • Preparation of the necessary documentation for the financing process, including business plan, financial model, preparations for loan and SERV applications
    • Providing advice and support to the project sponsor regarding project structuring and project agreement negotiations
    • Management and coordination of all activities related to the financing process up to financial closing
  •   Export Financing – Supply of Passenger Trains to Belarus Railways

    Delivery of two 7-wagon Intercity passenger trains to Belarus State Railways BZhD by Stadler Rail Group, the well-known Swiss train manufacturer

     

    The financing of 85% of the delivery contract value (approx. EUR 17.3 million) is secured by a long-term bank-to-bank loan facility backed by the Swiss Export Risk Insurance (SERV). A consortium of several Swiss banks was formed to provide a long-term SERV covered loan to Belarusbank. The proceeds of this loan are in turn made available to the Belarus State Railways under a local financing facility in order to purchase the trains from Stadler Rail.

     

    • Financial Closing: April 2014
    • Role of AIL: Financial advisor to the train supplier

     

    Activities performed by AIL:

    • Structuring of the bank-to-bank SERV covered export finance loan facility
    • Providing advice and support in relation to the structuring and negotiation of the loan agreement
    • Management and coordination of all activities related to the financing process up to financial closing

Number and Financing Volume of Closed Transactions

Equity / Mezzanine Capital

Debt & Leas Financing

Trade Finance / Payment Security

 

AIL Structured Finance Ltd.

Schaffhauserstrasse 418

CH-8050 Zurich

Switzerland

+41 (0) 43 299 62 00

info@ailsf.ch