Press Releases

Texas SH 288 Toll Lanes PPP Project Reaches Financial Close

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.”

TDJ Welcomes Ex-Im Reauthorization

The U.S. Export-Import Bank (EXIM) was re-authorized on December 3, 2015 by both the U.S. House of Representatives and the U.S. Senate. EXIM is the export credit agency of the United States, tasked with the mission of supporting American jobs, equipping American businesses with the capital and tools necessary to compete globally.

EXIM is now accepting and processing applications for financings up to US $10 million.

THE FINAL STEP

In order to approve financings that exceed US $10 million, EXIM’s Board of Directors must be approved by the U.S. Congress, which is the final procedural step. Once in place, the Board can resume its critical function of issuing approvals for large value financings. Taylor-DeJongh fully expects a relatively quick approval process of the Board of Directors by the U.S. Congress.

Despite the tumultuous Presidential primary season, EXIM’s re-authorization by a bipartisan majority clearly signals the U.S. Government’s belief that EXIM is an important tool for increasing American exports and fortifying their competitive positions around the world. In fiscal year 2015, EXIM approved over US $12 billion worth of financings, supporting an estimated US $18 billion in U.S. exports, and 100,000 American jobs.

TAYLOR-DEJONGH AND EXIM
Taylor-DeJongh has been one of the most active players in export credit agency (ECA) financings, including with EXIM since the creation of its Structured and Project Finance department in 1993.

· Advised on 20 major infrastructure and energy transactions to closing.
· Assisted clients in successfully negotiating ECA financings in excess of US $25 billion.
· Advised on EXIM financings for over 20 years.
· Advised on successful financings involving ECAs and government-backed lenders from all major OECD countries.

East Link Light Rail Loan Reaches Financial Close

16 January 2015
For a PDF of the full press release

Taylor-DeJongh acted as financial advisor to TIFIA on a USD 1.33 billion loan to Central Puget Sound Regional Transit Authority (Sound Transit) for the construction of the East Link Light Rail Extension Project. The 14.5-mile light rail extension, one element of a 50-mile system, will connect some of the region’s most populated and fastest-growing areas to Sound Transit’s existing rail system at the International District/Chinatown Station. Construction is expected to begin later in 2015, with a targeted opening date of 2023. Taylor-DeJongh supported TIFIA during the financing process through to financial close, including negotiations with the borrower.

Taylor-DeJongh President, Mr. Ibrahim Mardam-Bey, said: “Taylor-DeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. Currently, the firm is advising on two other transactions for TIFIA, both with the Texas Department of Transportation, and we look forward to continuing to support TIFIA on future transactions and the growing infrastructure market in the United States.”

TIFIA, the Transportation Infrastructure Finance and Innovation Act program, provides U.S. Federal credit assistance in the form of direct loans, loan guarantees, and standby lines of credit to finance surface transportation projects of national and regional significance in the United States.

Brass Fertilizer Company Signs Agreement to Construct $3.5 Billion Urea/Methanol Facility

29 May 2014
For a PDF of the full press release

Brass Fertilizer Company Limited and a Danish Consortium led by Haldor Topsøe A/S are pleased to announce the signing of an agreement to participate in the design and construction of a $3.5 billion urea, methanol and gas processing plant on Brass Island, Bayelsa State, Nigeria. Taylor-DeJongh has been engaged as financial advisor for the project.

The project will be the single largest private sector investment in the Niger Delta region of Nigeria, creating 15,000 jobs during the construction phase, with the potential to create over 5,000 permanent jobs upon completion.

The plant is expected to be operational in 2018. The proposed plant will utilize natural gas via a dedicated pipeline that will produce 3,850 MT/day of urea and 5,000 MT/day of methanol. Gas feedstock is to be provided through a direct supply from Shell’s OML 33 field and will be treated and processed by Brass Gas Limited. Project management consulting for the urea/methanol plant will be performed by Engineers India Limited (EIL), with the shortlisted EPC and O&M contractor to be selected in early June.

TDJ Named “Best Project Finance Advisor, Africa” for Third Consecutive Year

16 May 2014
For a PDF of the full press release

Taylor-DeJongh (TDJ) continues to underscore its reputation for expertise in African project finance transactions, having been named once again the Best Project Finance Advisor, Africa, by EMEA Finance magazine. This is the third consecutive year, and the fourth time since 2007, that Taylor-DeJongh has won this prestigious award.

TDJ has a long and rich history advising energy and infrastructure projects in Africa, where TDJ has advised on more than 90 projects in 32 countries since the 1990s. The firm has successfully advised developers, investors, lenders and governments throughout Africa on the commercial structuring and financing of projects in sectors ranging from oil & gas, LNG, refineries, power generation, electricity transmission and distribution, petrochemicals, and metals & mining, to water & desalination, transportation, and other types of infrastructure.

In 2013, the firm worked on projects in DR Congo, Egypt, Mauritania, Nigeria, Tanzania and Uganda. EMEA Finance highlighted several of TDJ’s projects in announcing the award – including an advisory on the development and financing of a gas-fired power project in Mauritania for SPEG, and the development and financing of Uganda’s first greenfield oil refinery.

North American Transport Deal of the Year: TDJ Advisor to TIFIA

12 May 2014
For a PDF of the full press release

Infrastructure Investor magazine has named the Texas North Tarrant Express Segments 3A and 3B project as the North American Transport Deal of the Year. Taylor-DeJongh (TDJ) was the financial advisor to US Department of Transportation TIFIA program, as a core lender to the transaction.

The project involves the reconstruction of general lanes and the addition of managed toll lanes to double the capacity of  I-35W north of Fort Worth, Texas. The financing package of the project included two senior debt tranches consisting of tax-exempt, fixed-rate Private Activity Bonds (PABs) issued through Texas Department of Transportation, and subordinated debt from TIFIA (Transportation Infrastructure Finance and Innovation Act).

The North Tarrant Express project was selected for this award because it “showed the public and private sides in the US working in harmony, on both project delivery and financing.” The dual delivery method, where responsibility for the construction was split between the private concessionaire and the public sponsor, requires a creative project structuring solution and careful balancing of risk allocation between the two key parties, matched by an appropriate mix of public and private funds.

The judges for Infrastructure Investor commented that the project was impressive in that it presented new concepts and investors, and that the structure is different and complex.

Taylor-DeJongh CEO Terry Newendorp commented: “We are very pleased to have advised the TIFIA program on the financing of NTE. Working closely with and on behalf of TIFIA, Taylor-DeJongh contributed in-depth understanding of the interrelationship between private and public sources of capital and the structuring of innovative complex transactions.”

Safari Petroleum-Western Energy Awarded Comoros Blocks, Engage TDJ

20 March 2014
For a PDF of the full press release

Safari Petroleum, PLC and Western Energy Production (USA), which gained Parliamentary approval for its Comoros Blocks D, E, F on Monday, March 17th, have engaged Taylor-DeJongh (“TDJ”) as their Strategic and Financial Advisor.  The Safari (25%) Western (75%) partnership was awarded a deepwater exploration license (PSC) in December of 2013 and is pleased to announce the approbation of the license by the Assembly of the Union of the Comoros.

TDJ will assist Safari – Western in optimizing its financial strategy for its exploration and appraisal program and ultimate commercialization of the 17,697 Km² block(s). Blocks D, E and F are located in the prolific Mozambique Channel and correlate directly to the major Rovuma Delta discoveries made by Anadarko and ENI S.p.A (approaching  a combined 200 TCF gas-in-place) offshore northern Mozambique.

Taylor-DeJongh Chairman and CEO Terry Newendorp says “TDJ is very pleased to bring its expertise as well as established relationships with leading energy companies, investors and lenders, to the Safari – Western opportunity in the Comoros.  These Comoros blocks represent a potential ‘breakthrough’ set of blocks. We are honored to support the client with our strategic and financial advisory in order to optimize their exploration efforts.”

Steven Marshall, CEO of Western Energy Production added, “after establishing a relationship with Safari in 2012, we started looking at solely West African opportunities, but that quickly changed with the increasing intensity of the discoveries in the Mozambique Channel.  Our study of those world class discoveries ultimately led us straight to the Comoros and the decision to step out from there. While we continue to like West Africa, the opportunity to pick up these specific blocks in this rapidly emerging province represented a chance for legacy type reserves that rarely exists. When we had the opportunity to add the expertise and knowledge of the region that TDJ brings to the team, a compelling combination presented itself. We are obviously excited about the next stage.”

Grand Parkway Reaches Financial Close: TDJ Served as Financial Advisor to TIFIA

12 February 2014
For a PDF of the full press release

Taylor-DeJongh acted as financial advisor to TIFIA on a USD 841 million loan to the Grand Parkway Transportation Corporation, the project company incorporated by the Texas Department of Transportation, to build, finance, and operate a 53-mile portion of the 184-mile outer belt around the Greater Houston Area (the “Project”). The TIFIA loan reached financial close on February 6, 2014. The Project includes construction of a four-lane toll road for the Texas State Highway 99 (“Grand Parkway”) in Harris and Montgomery counties. Taylor-DeJongh supported TIFIA during the financing process through to financial close, including negotiations with the borrower.

Taylor-DeJongh CEO, Mr. Terry Newendorp, said: “Taylor-DeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. Currently, the firm is advising on two other transactions for TIFIA with the Texas Department of Transportation and we look forward to continuing to support TIFIA on future transactions and the growing infrastructure market in the United States.”

TIFIA, the Transportation Infrastructure Finance and Innovation Act program, provides U.S. Federal credit assistance in the form of direct loans, loan guarantees, and standby lines of credit to finance surface transportation projects of national and regional significance in the United States.

Northwest Corridor Loan Reaches Financial Close: Taylor-DeJongh Served as Financial Advisor to TIFIA

17 November 2013
For a PDF of the full press release

Taylor-DeJongh acted as financial advisor to TIFIA on a USD 275 million loan to the State Road and Tollway Authority (“SRTA”) of the State of Georgia for the Northwest Corridor project. The TIFIA loan reached financial close on November 14, 2013. This proposed managed lanes roadway, a USD 833.7 million project, will include the extension of managed lanes along I-75. The project is a collaborative effort between the Georgia Department of Transportation (“GDOT”) and SRTA. GDOT is overseeing the design and construction of the facility and will be responsible for the long-term operation and maintenance of the highway. SRTA will be responsible for the tolling operations, tolling gantries and equipment, and communicating with customers about tolls as well as issuing the toll revenue bonds. The managed lanes will be constructed under a Design-Build-Finance (DBF) agreement between a private developer and SRTA. In July 2013, the Northwest Express Roadbuilders – a joint venture between Archer Western Contractors, Hubbard Construction Company, and Parsons Corporation – was selected through a competitive procurement process to be the developer. Taylor-DeJongh supported TIFIA during the financing process through to financial close, including negotiations with the borrower.

Taylor-DeJongh CEO, Mr. Terry Newendorp, said: “Taylor-DeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. By utilizing a DBF agreement to deliver a much needed project in a heavily congested area, the State of Georgia has developed a public-private partnership that will benefit the state and the residents of the metro region of Atlanta. The growing use of PPPs in delivering improvements to our nation’s infrastructure is something TDJ is very proud to be a part of.”

North Tarrant Express 3A & 3B Loan Reaches Financial Close

24 September 2013
For a PDF of the full press release

Taylor-DeJongh acted as financial advisor to TIFIA on a USD 531 million loan to NTE Mobility Partners Segments 3 LLC to build, finance, and operate a 10.2-mile managed lanes toll road project along I-35W in Fort Worth, Texas.  The TIFIA loan reached financial close on September 18, 2013.   This roadway, a USD 1.696 billion project, will be the latest addition to an envisioned network of managed lanes throughout Dallas-Fort Worth and is critical in supporting the growth of this densely populated area. Taylor-DeJongh supported TIFIA during the financing process through to financial close, including negotiations with the borrower. TIFIA, the Transportation Infrastructure Finance and Innovation Act program, provides U.S. Federal credit assistance in the form of direct loans, loan guarantees, and standby lines of credit to finance surface transportation projects of national and regional significance in the United States.

Taylor-DeJongh CEO, Mr. Terry Newendorp, said: “Taylor-DeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. Currently, the firm is advising on three different transactions for TIFIA with the Texas Department of Transportation and we look forward to continuing to support TIFIA on future transactions and the growing infrastructure market in the United States.”

Continental Rail Corp. Engages TDJ To Develop A Railcar Fleet Acquisition Finance Program

11 September 2013
For the full press release

Continental Rail Corp. (CRC), a short line and regional freight railroad holding company, has engaged Taylor-DeJongh Ltd. to assist CRC with developing a freight railcar acquisition finance program.

CRC’s hiring of TDJ was covered in numerous media outlets, including The Wall Street Journal‘s MarketWatch, Yahoo! Finance and RailwayAge.

TDJ Ranked as #3 Global Financial Advisor by IJ, 1st Half 2013

22 July 2013
For a PDF of the full press release

In Infrastructure Journal’s recently released league tables for the first half of 2013, Taylor-DeJongh (TDJ) ranked as the #3 Global Financial Advisor for mandates won.

Regionally, the firm was ranked as the #1 advisor for the Americas, and the #2 advisor for Africa & the Middle East. In addition, TDJ was the #1 Power advisor, the #2 Transport and the #1 Mining advisor.

TDJ Again Named Best Project Finance Advisor, Africa

21 May 2013
For a PDF of the full press release

Taylor-DeJongh (TDJ) has been named the Best Project Finance Advisor, Africa, by EMEA Finance magazine as part of its 2012 Project Finance Awards. This is the second consecutive year, and the third time since 2007, that Taylor-DeJongh has won this prestigious award.

TDJ has a long and rich history advising energy and infrastructure projects in Africa. Since the 1990s, TDJ has advised on more than 90 projects in 29 countries in Africa. The firm has successfully advised developers, investors, lenders and governments on the commercial and financial structuring for projects in sectors ranging from oil & gas, LNG, refineries, power generation, electricity transmission and distribution, petrochemicals, metals & mining, to water & wastewater, transportation, and other types of infrastructure.

In 2012, the firm worked on projects in Cameroon (2 projects), Côte d’Ivoire, DR Congo, Egypt, Guinea, Kenya, Mozambique, Nigeria, Tanzania and Uganda. Projects included acting as financial advisor to an oil & gas exploration and production company with assets in Egypt, advising on the development and financing of the Simandou Iron Ore Mine and related infrastructure in Guinea, and assessing the feasibility of the petroleum products and pipeline network in Cameroon.

Taylor-DeJongh Selected for Two TIFIA Advisory Mandates in Texas

6 May 2013
For a PDF of the full press release

Taylor-DeJongh (TDJ) is serving as financial advisor to the US Department of Transportation (DOT) / TIFIA Joint Program Office for North Tarrant Express (NTE) Segments 3A and 3B Project and the State Highway 99 “Grand Parkway” Project, both in Texas. Taylor-DeJongh is supporting TIFIA during the financing process through to financial close. TIFIA, the Transportation Infrastructure Finance and Innovation Act program, provides U.S. Federal credit assistance in the form of direct loans, loan guarantees, and standby lines of credit to finance surface transportation projects of national and regional significance in the United States.

NTE Mobility Partners Segments 3, LLC has submitted an application for a TIFIA loan that will become part of the financing package for the North Tarrant Express Segments 3A & 3B Project, located just north of downtown Fort Worth. NTE Mobility Partners (Cintra Infraestructuras, S.A. and Meridiam Infrastructure North America Corporation) and TxDOT have estimated the total Project cost to be $1.386 billion, and the TIFIA loan is expected to be $351 million.

The Grand Parkway Project will form a 184-mile loop, essentially a third beltway / ring-road around Houston. An $840 million loan has been requested for TIFIA assistance to cover part of the approximately $2.55 billion in Project costs. This project is applying under the new U.S. Department of Transportation, Moving Ahead for Progress in the 21st Century Act (MAP-21) application process.

Taylor-DeJongh CEO, Mr. Terry Newendorp, said: “Taylor-DeJongh is very pleased to act as Financial Advisor to TIFIA on both of these transactions. The firm has been supporting the TIFIA Program for five years and we continue to be excited about these opportunities. Participating in public private partnerships (P3s) plays to the strengths of the firm and enables us to leverage our international and lender advisory experience for these innovatively financed major capital projects in the United States.”

Taylor-DeJongh Supports Ex-Im Bank for $1.8 Billion in Export Financing for Natural Gas Project in Australia

15 January 2013
For a PDF of the full press release

Taylor-DeJongh served as financial advisor to the Export-Import Bank of the United States (Ex-Im Bank) for the financing of a US$1.8 billion direct loan to BG Energy Holdings Ltd. (BG) to support U.S. exports for a natural gas liquefaction (LNG) project in Queensland, Australia. Ex-Im Bank’s financing will cover approximately US$1.8 billion in goods and services related to the construction of the Queensland Curtis LNG Plant Trains. This is the Bank’s second LNG project in Australia, and it will support an estimated 9,200 American jobs.

This project is also the second coal seam gas to LNG project in Australia successfully concluded by Taylor-DeJongh.

Director John Sachs says “Taylor-DeJongh is pleased to have worked with US Ex-Im Bank on this important transaction. Ex-Im Bank’s role in supporting the U.S. economy has been vital to the continued recovery and creation of jobs.”

I-95 TIFIA Loan Reaches Financial Close: Taylor-DeJongh Served as Financial Advisor to TIFIA

12 December 2012
For a PDF of the full press release

Taylor-DeJongh acted as financial advisor to TIFIA on a USD 300 million loan to 95 Express Lanes LLC (owned by the Transurban Group and Fluor Corp) for the expansion of HOV/HOT Lanes along Interstate 95 in Northern Virginia, a USD 922.6 million project. Taylor-DeJongh supported TIFIA during the financing process through to financial close. TDJ analyzed the proposed financing plan, performed financial and commercial due diligence, performed detailed financial analysis, and assisted TIFIA in its negotiations with the borrower. TIFIA, the Transportation Infrastructure Finance and Innovation Act program, provides U.S. Federal credit assistance in the form of direct loans, loan guarantees, and standby lines of credit to finance surface transportation projects of national and regional significance in the United States.

The project is unique in that it will deploy a dynamic tolling system to manage the traffic congestion/throughput on the HOT/HOV lanes. Toll rates will vary depending on the time of travel and miles traveled, but most importantly to maintain free traffic flow conditions at a required minimum speed level. The project was hailed as “historic … for transportation and the economy in Virginia” by Virginia Gov. Robert F. McDonnell.

Taylor-DeJongh CEO, Mr. Terry Newendorp, said: “Taylor-DeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. The traffic management through variable toll rates allows for revenue optimization, concurrently enhancing the credit profile of the project. This aspect made the project more interesting to work on. Virginia has been at the forefront of public private partnerships in the United States and the I-95 HOV/HOT Lanes project is another example of the Commonwealth’s keen interest in leveraging their funding with the private sector.”

Taylor-DeJongh Expands its Advisory Board to Include Key Sector Experts

6 December 2012
For a PDF of the full press release

Taylor-DeJongh is pleased to announce that Philippe Jaccard and Sheikh Yusuf Talal DeLorenzo have joined the firm as Members of the Advisory Board. Mr. Jaccard will support TDJ’s efforts in working with Government Ministries in emerging and frontier markets and Sheikh DeLorenzo will participate in the firm’s development of a new TDJ Islamic Finance practice focused on origination, structuring and placement of asset backed global transactions.

Philippe Jaccard has over 35 years of experience as an advisor, businessman and diplomat. Throughout his career, Mr. Jaccard has advised Central Banks in the Middle East, Africa and Latin America on monetary policy. His career includes a distinguished period with the Swiss Ministry of Foreign Affairs. Mr. Jaccard also served as Chief of Staff for the Swiss Minister of Foreign Affairs as well as for the Swiss Minister of Public Economy. He specializes in developing and structuring investment projects in emerging economies on behalf of large corporates including Bouygues, Saipem, France Telecom, Siemens, Alsthom and Impregilo. Mr. Jaccard’s experience covers the entire range of transaction realization, from the identification of a project to the final stage of implementation.

Mr. Jaccard is also Chairman of the Board, Board member, and former Board member of several Swiss and international companies and public corporations, including the Swiss Office for the Promotion of Trade, the Swiss Society of Chemical Industries, and the Chamber of Commerce of Vaud. He is active in the energy sector at the board level of several international energy companies.

Sheikh Yusuf Talal DeLorenzo is a well-known and respected Islamic scholar whose career spans more than 30 years. Based in the United States, he serves as a Shariah advisor to over 30 global financial entities, including index providers, banks, mutual funds, real estate funds, leasing funds, institutional investors, alternative asset managers and others. Sheikh Yusuf has also been a special consultant, appointed by the Asian Development Bank and the Islamic Development Bank in Jeddah, to the International Financial Services Board (“IFSB”) on the subject of Sukuk.

Sheikh Yusuf is the author of the premier reference book for Islamic financial institutions, and his work has been published in journals, newsletters and chapters in books, including Euromoney’s “Islamic Asset Management,” “Islamic Retail Finance” and “Islamic Finance: Innovation & Growth.” He is often interviewed and quoted by The Financial Times, The New York Times, Fortune, The Wall Street Journal, Banker Middle East, Islamic Business & Finance and other publications.

Taylor-DeJongh believes Islamic Finance can be an effective alternative capital pool for exploration and production in the oil and gas sector globally. “Our objective is to anchor our practice with global expertise in the sector. Sheikh Yusuf’s involvement with TDJ’s oil and gas and infrastructure clients will allow us to offer alternative avenues of financing as well as to develop new tailor made financial solutions,” said Ibrahim Mardam-Bey, Group President of Taylor-DeJongh.

“We are very pleased to welcome Mr. Jaccard and Sheikh Yusuf to the Taylor-DeJongh Advisory Board. Their qualifications and practical experience will greatly support the needs of our clients globally, assist with the launch of the firm’s new Sukuk practice and enable the expansion of the firm’s work with Government Ministries in emerging markets,“ added Terry Newendorp, Chairman and CEO of Taylor-DeJongh.

SR 520 Floating Bridge Replacement Project Reaches Financial Close

26 October 2012
For a PDF of the full press release

The SR 520 Floating Bridge Replacement Project in Washington State, for which Taylor-DeJongh (TDJ) served as financial advisor to the USDOT / TIFIA Joint Program Office, closed on October 25, 2012. TIFIA will provide the State of Washington, with a US$300 million loan, secured by a pledge of net revenues (subordinated to other debt) deriving from the tolls. The rest of the financing will be provided by a combination of toll revenue bonds, triple pledge toll revenue bonds, GARVEE bonds and other state funds. Total project costs, including financing costs, amount to US$2.8 billion for the replacement of the bridge, and the eastside and west approaches to the bridge, which crosses Lake Washington in King County.

Taylor-DeJongh supported TIFIA during the financing process through to financial close. TDJ analyzed the proposed financing plan, performed financial and commercial due diligence, performed detailed financial analysis, and assisted TIFIA in its negotiations with the borrower.

Taylor-DeJongh CEO, Mr. Terry Newendorp, said: “Taylor-DeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. We look forward to continuing to support TIFIA on future transactions and the growing infrastructure market in the United States.”