LaGuardia pitched securitisation plan for overhaul
[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 a…
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