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August 2010 - Astris ramps up portfolio of Mexican PPS advisory mandates

Since the beginning of year 2010, Astris Finance has been mandated on six large scale PPS-type infrastructure projects by a variety of prospective projects sponsors ranging from world class European rolling stock manufacturers and construction companies to top tier and mid market Mexican developers and contractors.

The projects, most of which are at bidding stage, include a road network rehabilitation and expansion project, an urban transport project, two hospital projects as well two multipurpose administrative centers. The projects are being granted by large state and municipal governments, including the State of Mexico and the Distrito Federal (Mexico City). Total investment adds up to more than USD 1 billion. The bids are due between August and October 2010. Astris assists the prospective project sponsors in structuring their financial bid, notably by designing as efficient and creative financing structures compatible with the current constraints facing Mexico’s debt finance market. Bid results are expected before the end of the year.