(Editor’s note: Trying to figure out how these projects are financed is difficult, because unlike in the United States, there’s little or no disclosure in public-private ventures in Europe. That is, how the capital stacks are arranged is unclear in the percentage of senior-secured debt, government funding, private risk capital and institutional funds.) The narrative […]

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Image 7 of 16 from gallery of BMW Chongqing / Crossboundaries. Photograph by Dong Hao @ Crossboundaries