Tag: infrastructure

Asia Allied Infrastructure Holdings Limited (“Asia Allied Infrastructure”, “AAI”, or “the Group”) (stock code: 00711) is pleased to announce that it has entered into a HK$1.1 billion term loan agreement with 6 banks. Part of the loan will be used to refinance the loan portfolio of the Group, while the rest will be used to support future operations and development. This facility will enhance the Group’s financial flexibility and financing capability, as well as fully reflect the Group’s future business development strength and potential. The 3-year facility carrying an interest rate of HIBOR+1.65% was arranged by The Hongkong and Shanghai ... Read more

Hong Kong and UK sign MOU on exchanges in infrastructure projects (with photo) ******************************************************************************      The Development Bureau (DEVB) of the Hong Kong Special Administrative Region Government and the Infrastructure and Projects Authority (IPA), part of the Cabinet Office and HM Treasury of the United Kingdom (UK) signed a Memorandum of Understanding (MOU) in London today (February 22, London time) with a view to enhancing collaboration in exchanging expertise and experience between Hong Kong and the UK in implementing infrastructure projects.        The MOU was signed by the Permanent Secretary for Development (Works), Mr Ricky Lau, and the ... Read more

The Infrastructure Finance Secretariat in the Department of Economic Affairs (DEA), Ministry of Finance today organised a workshop to sensitize the empaneled transaction advisers for PPP projects which was attended by representatives of 12 empaneled Transaction Advisers (TAs) for Public Private Partnership (PPP) Projects. The empanelment of TAs aims to provide quality advisory support to Project Sponsoring Authorities (PSAs) in transaction of PPP projects. The empanelment will help to make the process of appointment of transaction advisors/consultant seamless and efficient. During the workshop, the Transaction Advisers were sensitized with the manual developed by ... Read more

In August of 2021, the US Senate approved a $1 Trillion Infrastructure Bill, as part of the $3.5 Trillion Budget Bill. Language in this bill suggested that $28 Billion in funding would come from enforcing tax-reporting requirements on cryptocurrency brokers. In response, the Government Blockchain Association (GBA) (www.gbaglobal.org) partnered with a coalition of blockchain associations to present Blockchain & Infrastructure (https://bit.ly/3nsa1GP), a two-day hybrid event coupling an educational seminar with a networking reception. Aimed at educating government policymakers, Blockchain & Infrastructure addressed the impact of cryptocurrency adoption on government, along with other financial trends that are outpacing regulatory understanding. Renowned ... Read more

 The International Air Transport Association (IATA) warned that planned increases in charges by airports and air navigation service providers (ANSPs) will stall recovery in air travel and damage international connectivity. Confirmed airport and ANSP charges increases have already reached $2.3 billion. Further increases could be ten fold this number if proposals already tabled by airports and ANSPs are granted. “A $2.3 billion charges increase during this crisis is outrageous. We all want to put COVID-19 behind us. But placing the financial burden of a crisis of apocalyptic proportions on the backs of your customers, just because you can, is a ... Read more