Infrastructure Crisis Facility – Debt Pool

The Infrastructure Crisis Facility – Debt Pool, managed by Cordiant and a Board of three non-executive Directors, provides direct loan financing to qualified infrastructure projects in emerging economies. The Fund is available to all (non-distressed) infrastructure projects originated by International Finance Institutions that cannot obtain commercial financing or re-finance existing loans as a consequence of the global financial crisis and the tightening of bank lending.  The ICF Debt Pool was conceived by the International Finance Corporation and developed on the Private Infrastructure Development Group platform (www.PIDG.org).  Its €500 million capital is provided by KfW, the German development bank, on behalf of the Federal Republic of Germany. The Fund is set up as a PIDG facility.

Learn more about the Infrastructure Crisis Facility – Debt Pool >

This presentation is for information purposes and nothing herein should be construed as a recommendation to invest in any specific company or issuer.

PIDG Code of Conduct

1. Complaints Policy and Procedure

2. Anticorruption and Integrity Policy and Procedures

3. Conflicts & Share Dealing

4. PIDG Facilities Risk Matrix

4. Risk Management Policy and Procedures

5. Procurement Policy and Procedures

7. Disclosure Policy and Procedures

8. IFC Performance Standards

9. Appointment and Evaluation of Directors

10. Remuneration Policy and Procedures

11. ICF DEBT POOL Travel and Expense Reimbursement Policy and Procedures FINAL

12. OPERATING-POLICIES-AND-PROCEDURES

2016 ICF Debt Pool Financial Statements – audited

2015 ICF Debt Pool Financial Statements – audited

2014 ICF Debt Pool Financial Statements – audited

2013 ICF Debt Pool Audited Financial Statements

2012 ICF Debt Pool Audited Financial Statements

ICF Debt Pool Director Expenses

2016  12 31 – ICFDP Director Expenses from 01 Jan 2014 onwards

 ICF Debt Pool Service Provider Fees 01 Jan 2014 to 31 Dec 2014

 ICF Debt Pool Service Provider Fees 01 Jan 2015 to 31 Dec 2015

ICF-Debt-Pool-Service-Provider-Fees-01-Jan-2016-to-31-Dec-2016

ICF-Debt-Pool-Service-Provider-Fees-01-Jan-2017-to-30-June2017-2

 

Portfolio

Vintage 2009
Focus Emerging Markets Infrastructure loans (non-distressed). High geographic diversification
Cordiant role Cordiant appointed to manage Fund following international tender. Funds provided by the Federal Republic of Germany (through KfW). The Debt Pool is governed by a Board of three non-executive Directors appointed by PIDG (www.pidg.org).
Strategy Provide financing to commercial projects supported by IFIs that can no longer attract sufficient financing due to the global financial crisis. Conservative credit exposure to diversified infrastructure borrowers
Fund size EUR 500M
Cumulative Fund Investments Fund Investments: US$ 560M in 20 deals
Status Invested – Repaying

Investments

Riviera Marcory Bridge
HKB bridge (2)

The project funded the construction of a 1.5 km-long toll bridge (with a theoretical capacity of 140,000 vehicles per day) over the Ebrié lagoon as well as 5.2 km of highway and access roads in Abidjan, Côte-d’Ivoire. The Project linked Cocody on the north side to Marcory on the south side, two major neighborhoods in ...


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Transambiental
Transambiental

Transambiental S.A.S is the holder of one of three concessions for the operation of the Transcaribe Mass Transport Integrated Bus System (SITM) in Cartagena, Colombia, and whose purpose is the financing, acquisition, operation, and maintenance of up to 212 SITM vehicles. Transambiental was constituted with the sole purpose of participating in this project and whose ...


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Heksagon Kati Atik (“HKA”)
HKA2

This project is a loan to Heksagon Kati Atik (“HKA”), the first private solid waste management company in Turkey that collects, sorts, and converts municipal solid waste (“MSW”) mainly into commercial organo-mineral fertilizer (“OMF”). It is an integrated waste management solution that is financially self-sustained through the sale of OMF as well as recyclables, ...


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GSM-GSA

The project is involves the financing of two run-of-river hydroelectric generation projects, Generadora San Mateo S.A. – Pojom II (‘GSM”) and Generadora San Andres S.A. – Yalhuitz (“GSA”) which located in the northwest region of Guatemala along with an adjacent transmission line.


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Karadeniz
Karadeniz

The project is the construction of a 110 MW floating electric power generation station, Karadeniz Powership Zeynep Sultan (“KPS 11”). The Karadeniz Energy Group designs, builds and operates a fleet of powerships that provide base load or peak electric power to energy grids using dual fuel (HFO and natural gas) gensets under medium term contracts ...


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Azura
Azura

The project involves the construction of a 459 MW gas fired power plant near Benin City, Edo State Nigeria in an Open Cycle Gas Turbine configuration. The Project is the first phase of a 1,500MW open-cycle plant (built with the capability of conversion to combined cycle). The facility includes a gas receiving station, water treatment ...


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Ethiopian Airlines
Ethiopian Airlines logo

Ethiopian Airlines ("ET") is one of Africa’s most successful airlines. In an effort to become a world class African airline and the leading aviation group in Africa, ET has begun a major fleet renewal and expansion program. The project will provide a financing package for 10 new Boeing 787-8 Dreamliner aircraft each equipped with two ...


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Power Grid Corporation of India Ltd. (“PGCIL”)
pgcil

Established in 1989, PGCIL was created as part of the Government of India’s initiative to consolidate all interstate and inter-regional electric power transmission assets of the country’s government owned generation companies into one single entity and has now grown to become the world’s third largest power transmission utility. PGCIL is undertaking a large investment program ...


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SA Taxi
SA_Taxi_logo

SA Taxi is a leasing company that finances minibuses (“Taxis”) plying formal public transport bus routes in most South African cities.  Minibuses are usually owned by their driver in a micro-enterprise context.  The investment contributes to improvement and modernization of public transport in South African cities and the financial empowerment of taxi owners (usually from ...


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Aéroport International Blaise Diagne
AIBD-cropped

Aeroport International Blaise SA, a special purpose corporation to build, own and operate a new airport, the Aéroport International Blaise, under a 30 year concession with the government.  Blaise Diagne Airport is being developed on a new site in N’Diass, located 45 km east of Dakar. The airport will have a 3 million passenger and 80,000 ...


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Takoradi
120904R TAQA Logo Pres4

The project is located near the town of Aboadze, just east of Takoradi in Western Ghana. It comprises the expansion of Takoradi2, which since September 2000 has operated a 220MW simple cycle power plant, with a 122MW turbine powered by steam heated by the exhaust heat of the Takoradi2 gas turbines.  The expansion will result ...


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Addax Bioenergy
Addax

Addax Bioenergy, the bio-energy division of the international energy corporation, Addax & Oryx Group (AOG), is developing a green-field integrated agricultural and renewable energy project at Makeni in central Sierra Leone, which will produce anhydrous fuel ethanol from sugarcane (ethanol or bio-ethanol) and electric power. The project will be the country‘s first Independent Power Producer ...


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Rift Valley Railways
RVR-Logo

Rift Valley Railways (RVR) is the Kenya-Uganda concessionaire operating freight and passenger rail services in Kenya and Uganda on an exclusive basis. The company was founded in 2006 and has been granted a 25-year mandate to operate railway services on more than 2,000 kilometers of track linking the Indian Ocean port of Mombasa in Kenya ...


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Zain Iraq
zain-logo 3

The Atheer Telecom Iraq Limited (“Zain Iraq”) project involves the strengthening and expansion of Zain Iraq’s cellular telephone network in Iraq, where the company has been operating since 2003. This landmark project is supporting economic growth and expanding access to telecommunications in Iraq, especially for remote populations. A reliable telecommunication service is instrumental to ...


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SP - SSA International Terminal
Cai Mep & Cai Lan_SSIT logo_rev

SSIT (SP-SSA INTERNATIONAL TERMINAL) is a joint venture between SSA Holdings International – Vietnam (owned by Carrix Inc.), Saigon Port, and Vietnam National Shipping Lines Corp. It is a green field container terminal project being developed on the Cai Mep River in Ba Ria-Vung Tau province to serve containerized cargo in the South ...


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INA – Industrija nafte d.d.
INA

INA is a medium-sized European oil company with a leading role in the oil business in Croatia and a significant role in the region in the areas of oil and gas exploration and production, oil processing, and oil and oil products distribution. The Company owners are MOL Magyar Olaj-es Gazipari Nyrt ("MOL" 47.15%), Croatian government ...


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Ackruti City Ltd. (“ACL”)
logo_ackruti

Slum redevelopment scheme in which ACL, in partnership with slum dwellers (through a community led housing association), will resettle slum dwellers into high rise buildings on the slum site, freeing up land, which will be shared between the municipal/ state authorities and the commercial developer. The project consists of a large slum redevelopment project at ...


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Calidda
logo_callida

Gas Natural de Lima y Callao S.A. ("Calidda") is the holder of a 33 year concession (extendable to a maximum of 60 years) granted by the Government of Peru (“GOP”) to build and operate the gas distribution network in Lima and Callao. The Company started operations in 2004. The purpose of this financing was to fund ...


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Cai Lan International
CAILAN

CICT (Cai Lan International Container Terminal) is a joint venture between SSA Holdings International – Vietnam (owned by Carrix Inc.) and Cai Lan Port Investment Joint Stock Company. In Northern Vietnam, Hanoi, Hai Phong, and Ha Long form a triangle of regional development buoyed by expanding manufacturing and agricultural industries. The continued economic growth ...


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