Taylor-DeJongh acted as financial advisor to TIFIA on a USD 357 million loan to the Blueridge Transportation Group, LLC (“BTG”), a special purpose vehicle set up by ACS Infrastructure Development Inc., Shikun & Binui Concessions USA, Inc., Infrared Capital Partners, Northleaf Capital Partners, Clal Insurance Group, and Star America Fund GP, for the SH 288 Toll Lanes PPP Project. The TIFIA loan reached financial close on April 28, 2016. This proposed toll lanes roadway, a USD 1,036.5 million project, will include four managed (tolled) lanes, 10.3 miles in length, within the existing median of SH 288, from US 59 to the Harris County line and a two‐lane two‐way connector up to 1.3 miles in length from SH 288 to Holcombe Boulevard. The project is a collaborative effort between BTG and the Texas Department of Transportation (“TxDOT”).
BTG will be responsible for the construction, financing, operations, and maintenance of the Project roadways. The tolled lanes will be constructed by Almeda-Genoa Contractors, a fully integrated construction joint venture between Dragados USA, Pulice Construction, and Shikun & Binui America. Taylor-DeJongh supported TIFIA during the financing process through to financial close, including negotiations with the BTG, the borrower.
Taylor-DeJongh CEO, Mr. Fadi Hallak, said: “Taylor-DeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. By utilizing a Public-Private Partnership agreement to deliver a much needed project in a heavily congested area, TxDOT and BTG have developed a project that will benefit the state and the residents of the metro region of Houston. The growing use of PPPs in delivering improvements to the nation’s infrastructure is something TDJ is very proud to be a part of.”
Taylor-DeJongh is advising the Société de Production d’Electricité à Partir du Gaz (SPEG), the developer of a 310 MW gas-fired power plant in the Islamic Republic of Mauritania, which will monetize the indigenous gas resources from the Banda field off-shore the coast of Mauritania. TDJ is advising on all aspect of the transaction, including the structuring of the credit support package through the use of various World Bank Group Guarantees.
Group President Ibrahim Mardam-Bey recently participated in the Corporate LiveWireVirtual Round Table, Islamic Finance 2014. He was one of 7 experts discussing the changes and developments in Islamic Finance, and shared his thoughts on topics including the markets and sectors that are producing the best results, and the main benefits and challenges for Islamic Banking.
Ramesh Raman, Managing Director of Taylor-DeJongh, discusses the fundamental shift in the natural gas industry in North America driven by technology advances and the implications for the development of projects in subsectors such as methanol, nitrogen based fertilizer, DME, and gas to liquids.
March 28, 2014
Taylor-DeJongh has been selected as a strategic and financial advisory to Sonde Resources Corp., to assist in the marketing of the Joint Oil Block. The selection was made public in this press release issued by Sonde Resources and available through The Wall Street Journal.
December 25, 2013
“Middle Eastern banks, in search of diversified investment opportunities, are seeking companies abroad that can do business in ways compliant with Islamic law.” The New York Times article examines the spread of Islamic financing in the West, focusing on Continental Rail Corporation’s rail car project, for which TDJ is the financial advisor.
December 16, 2013
The Ugandan government has shortlisted 6 bidders for the building of a $2.5 billion oil refinery. TDJ is advising the Government on this project. The Wall Street Journal and Reuters included articles naming the shortlisted firms.
TDJ CEO Terry Newendorp shared his thoughts on the future of the oil & gas industry with Proactive Investors at the Oil Council’s World Assembly in London. His interview is available online.
The April issue of Chadbourne & Parke LLP’s Project Finance Newswire includes an article summarizing the thoughts of CEO Terry Newendorp and the other panelists at an emerging markets conference hosted by Chadbourne in January. “The State of Project Financing in the Near East” begins on page 48 of the issue.
Sirine Tajer, Managing Director of MENA Energy Partners, TDJ’s representative office in the GCC, is profiled in the Meet the Members section of the December issue of Driller and Dealers.Click here to read the profile.
The October/November 2012 issue of EMEA Finance includes an article profiling Taylor-DeJongh. Both Chairman and CEO Terry Newendorp and Group President Ibrahim Mardam-Bey were interviewed for the article, which discusses how the firm is evolving to address its clients’ needs given ongoing tight credit markets. Click here to read the full article.
After his presentation at mergermarket’s European M&A Forum 2012, Mr. Newendorp gave an interview on the topic of funding energy projects with institutional capital. The interview is available online.