Calyon, financial advisor for Hazira harbour

Calyon was mandated as financial advisor to the company in charge of the Hazira port project in the Gujarat state, India. Calyon's role in this USD 450 million project involves arranging long term finance commanding the best possible terms and conditions. In a country which sees few transactions of this type and where project finance is not always successful, this objective was ambitious to say the least.

This project offers significant advantages:

combination of two types of promising infrastructures (a LNG and a container terminal),
exposure to booming Indian activity sectors (shipping, power, manufactured and consumer goods),
first class shareholders (Shell and Total).

Fully aware of the importance of the project, Calyon rapidly submitted to its client a financing strategy aimed at increasing competition between the several different sources of bank debt so as to obtain the best possible terms.

Coordinated by the Hong Kong based project finance department for Asia, with the support of the Calyon specialists in charge of India and infrastructures, the team set up for this purpose followed the projects throughout the structuring and implementation of the financing plan phases.

With this symbolic project, Calyon is confirming its position as leader in the financing of complex infrastructure projects and shows that in India these projects can be financed, judiciously combining local bank facilities and international bank debt.

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