Project Finance & Concessions
Project Finance J&P has played an instrumental role in projects which require finance, acting both as advisor as well as negotiator and organiser of project financing. Doha Intercontinental Hotel, Qatar J&P was responsible for the design and construction of the luxury five star Doha Intercontinental Hotel.
J&P participated with an equity stake of 31.08% in the hotel’s owning company and arranged the project’s financing for the client to the amount of USD 30 million.
J&P also arranged further financing for the client for additional extensions made to the Hotel after completion of the main contract. Allama Iqbal International Airport, Lahore, Pakistan A joint venture between Joannou & Paraskevaides (Overseas) Ltd and Airsys ATM Ltd was awarded the contract for the construction of the Lahore International in Pakistan for an equivalent of USD 200 million.
Joannou & Paraskevaides (Overseas) Ltd and Airsys ATM Ltd arranged project financing for the client through ANZ Investment Bank in London to the amount of USD 200million. Concessions J&P actively pursues participation in concessions for large infrastructure projects we are members of several international consortia bidding for prestigious concession type projects. Queen Alia International Airport, Amman, Jordan J&P (Overseas) Limited holds a shareholding of 9.5% in the concessionaire company Airport International Group P.S.C. (AIG) which has been awarded the 25-year concession for the operation, maintenance, extension and rehabilitation of Queen Alia International Airport, Amman.
In addition to being a member of the concession company, a joint venture of Joannou & Paraskevaides (Overseas) Limited and J&P–Avax SA are responsible for the construction of the project.
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