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Easy money
01 Apr 2007
Gift-wrapped cash suddenly seems easy to come by in the port sector with financial figures rising deal-on-deal. Barry Parker reports
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Law firm enjoys a rosy outlook on port finance deals
01 Apr 2007
Chris Brown, partner at specialist law firm Norton Rose, has been in the thick of some exciting port-related finance transactions in recent years, including the Baltic Multi-Port project (at Helsinki, Kotka and Saint Petersburg), the Gdansk Containerport, and a sponsor-driven port project at Valencia, Spain. In the Polish transaction,Norton Rose represented DVB Bank, which is providing up to €100m ($131m) to finance DCT Gdansk, owner of a deepwater container terminal worth €180m ($236m) put out on a 30-year lease to the port authority.The majority shareholder in DCT Gdansk is one of the dozens of infrastructure funds in the Macquarie group.
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