Middle East Economic Survey


No 13



Qatars Ras Laffan B IWPP To See Financial Close In Early April

The Ras Laffan B independent water and power project (IWPP) is expected to achieve financial close in the first week in April, when the six mandated lead arrangers will sign an agreement to provide $719mn worth of debt for the project. The total cost is $899mn, with the remaining funds coming from equity. Syndication will be launched after financial close. Bankers working...