Cordiant Capital Inc. has been chosen to manage an infrastructure fund set up by the World Bank to save projects that would otherwise be abandoned by a lack of financing.

"New opportunities are arising in emerging markets as a result of the global liquidity crisis, which has caused a significant vacuum in the financing of new infrastructure projects," said David Creighton, CEO of Montreal-based Cordiant.

"As manager of the ICF Debt Pool, Cordiant will enable vital support to promising infrastructure projects in emerging countries by ensuring they are financed on a timely basis, and on commercial terms. This role places us in a truly unique position to access deal flow and bring together public and private money to fund those projects."

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Posted by claire at December 1, 2009 6:01 PM