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Passante di Mestre receives 2016 PFI Award
We are delighted to announce that Passante di Mestre, a successful project in which Steer Davies Gleave was involved, has won the 2016 PFI Award ‘European Bond Deal of the Year’ from Project Finance International. Steer Davies Gleave acted as technical and traffic advisors to the bond underwriters.
The Passante di Mestre project, otherwise known as “the Mestre bypass”, is a toll road bypassing the city of Venice in northern Italy. The concession holder Concessioni Autostradali Venete (CAV) is the first issuer in Italy to benefit from the Project Bond Credit Enhancement Initiative (PBCE) launched by the European Investment Bank (EIB).
The PFI Awards honour achievement and ingenuity in the global project finance market. The awards will be presented at the 2016 PFI Awards Dinner, which takes place on the evening of Wednesday February 1 2017 at the Hilton Park Lane in London. The event is considered to be one of the most prestigious events in the global project finance calendar, and as such it will see 800 of the world’s most senior and successful market professionals gather to celebrate industry excellence.
Read more about Steer Davies Gleave’s role on the project here.
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