Caribbean Special Report: A Matter of Scale
As financing for energy flows, projects in infrastructure in the Caribbean lack resources, partly due to small size. However, some jumbo deals are getting through.
by Julio Urdaneta Like much of LatAm, the Caribbean is
in need of comprehensive financing for basic infrastructure to
make it more competitive. It is not difficult to see a
strong opportunity for investing and financing infrastructure
development in the Caribbean, says Peter Darrow, partner
at Mayer Brown.
Even a country like Trinidad and Tobago, presently swimming in
oil revenue, has severe infrastructure shortcomings that
threaten its future. But the island nation has been successful
at energy project financing. Trinidad has been a big
success story in project finance for other sectors, such as
methane, oil and gas, says Darrow.
The natural-resources rich island has seen a significant flow
of important project finance investments in the last five
years. A $1.55 billion steel plant project financing via Calyon
is just one example of this, says Timothy Hamel-Smith, an
attorney at M. Hamel-Smith in Port of Spain that has advised
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