World Bank's Partial Risk Guarantees.
One of PM Global's founders is the former manager responsible for the World Bank's two first partial risk guarantees (the Hub and Uch power projects in Pakistan). The US$1.8 billion Hub project, the first major build-own-operate (BOT) project in a low-income country, was widely regarded as a path-breaking undertaking that established a model for similar projects in other countries. The Uch project established a model in other ways: it was the first project combining World Bank lending and guarantees with IFC A- and B-loans, as well as support from two export credit agencies. Project and Trade Finance Magazine (January 1997), selected a third project, Rousch Power as one of the "Deals of the Year."
PM Global and its staff have been involved in the structuring of a number of other privately owned infrastructure projects in power generation and transmission, ports, water supply, toll roads, railways and telecom sectors.
Privatization of Maputo Port Project, Mozambique.
PM Global staff members were recently involved in the financial due diligence and political and commercial risk assessment for a private port project in Maputo.
Furthermore, since the mid-1990s, PM Global's senior staff has been speaking
on limited recourse financing of infrastructure projects at international
conferences in Bangladesh, Egypt, Italy, Korea, Malaysia, Pakistan, Philippines,
Singapore, Sri Lanka, Tunisia, United Kingdom and the US.
Global Infrastructure, Inc.