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Overseas brief: Bond funding

Bond funding could be adopted as a standard model for managing privately financed infrastructure projects worldwide, according to the latest issue (vol. 147 no. 1) of the ICE Transport journal.

Government-owned Aruba Airport Authority NV funded the recent redevelopment of the Caribbean airport by such a system, issuing a series of revenue bonds to selected investors at an interest rate of 7.84%. Copies of all articles and papers can be obtained from the ICE library +44 (0)20 7665 2251. For further information contact Simon Fullalove +44 (0)20 7665 2448.

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