VOL. XLVI

No 44

3-November-2003  

PROJECT FINANCE

Project Finance Lending Capacity Expected To Become An Issue Next Year

The slowdown in Gulf energy project finance due to political uncertainty before and during the US-led war against Iraq earlier this year has meant that as deals have come back on the table following the cessation of hostilities banks have been eager to lend and competition has been strong. As a result, margins have been kept relatively tight and some suggest...