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TDJ signed advisory agreement for Desalination Project in Kingdom Saudi Arabia.

TDJ is negotiating a cooperation agreement with SANBAN Group-a prominent investment group in Abu Dhabi.

Texas SH 288 Toll Lanes PPP Project Reaches Financial Close

TaylorDeJongh acted as financial advisor to TIFIA on a USD 357 million loan to the Blueridge Transportation Group, LLC (“BTG”), a special purpose vehicle set up by ACS Infrastructure Development Inc., Shikun & Binui Concessions USA, Inc., Infrared Capital Partners, Northleaf Capital Partners, Clal Insurance Group, and Star America Fund GP, for the SH 288 Toll Lanes PPP Project. The TIFIA loan reached financial close on April 28, 2016. This proposed toll lanes roadway, a USD 1,036.5 million project, will include four managed (tolled) lanes, 10.3 miles in length, within the existing median of SH 288, from US 59 to the Harris County line and a two‐lane two‐way connector up to 1.3 miles in length from SH 288 to Holcombe Boulevard. The project is a collaborative effort between BTG and the Texas Department of Transportation (“TxDOT”).

BTG will be responsible for the construction, financing, operations, and maintenance of the Project roadways. The tolled lanes will be constructed by Almeda-Genoa Contractors, a fully integrated construction joint venture between Dragados USA, Pulice Construction, and Shikun & Binui America. TaylorDeJongh supported TIFIA during the financing process through to financial close, including negotiations with the BTG, the borrower.

TaylorDeJongh CEO, Mr. Fadi Hallak, said: “TaylorDeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. By utilizing a Public-Private Partnership agreement to deliver a much needed project in a heavily congested area, TxDOT and BTG have developed a project that will benefit the state and the residents of the metro region of Houston. The growing use of PPPs in delivering improvements to the nation’s infrastructure is something TDJ is very proud to be a part of.”

TDJ Welcomes Ex-Im Reauthorization

The U.S. Export-Import Bank (EXIM) was re-authorized on December 3, 2015 by both the U.S. House of Representatives and the U.S. Senate. EXIM is the export credit agency of the United States, tasked with the mission of supporting American jobs, equipping American businesses with the capital and tools necessary to compete globally.

EXIM is now accepting and processing applications for financings up to US $10 million.

THE FINAL STEP

In order to approve financings that exceed US $10 million, EXIM’s Board of Directors must be approved by the U.S. Congress, which is the final procedural step. Once in place, the Board can resume its critical function of issuing approvals for large value financings. TaylorDeJongh fully expects a relatively quick approval process of the Board of Directors by the U.S. Congress.

Despite the tumultuous Presidential primary season, EXIM’s re-authorization by a bipartisan majority clearly signals the U.S. Government’s belief that EXIM is an important tool for increasing American exports and fortifying their competitive positions around the world. In fiscal year 2015, EXIM approved over US $12 billion worth of financings, supporting an estimated US $18 billion in U.S. exports, and 100,000 American jobs.

TAYLORDEJONGH AND EXIM
TaylorDeJongh has been one of the most active players in export credit agency (ECA) financings, including with EXIM since the creation of its Structured and Project Finance department in 1993.

· Advised on 20 major infrastructure and energy transactions to closing.
· Assisted clients in successfully negotiating ECA financings in excess of US $25 billion.
· Advised on EXIM financings for over 20 years.
· Advised on successful financings involving ECAs and government-backed lenders from all major OECD countries.

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