LaGuardia pitched securitisation plan for overhaul
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] At least two European banks have floated the idea of applying a UK-style whole-business securitisation (WBS) approach to finance the US$3.6 billion overhaul of the United States' LaGuardia Airport, according to sources with knowledge of the proposals.
The overhaul project is one of the biggest so-called public-private partnerships (PPPs) to be undertaken in the US airport infrastructure market.
The Port Authority of New York and New Jersey has narrowed competition down to four teams of high-profile private-sector bidders who are vying to take on the project. However, the financing options are far from being finalised.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
