X-Nico

unusual facts about Special purpose vehicle



Belmont Park Pty Ltd v BNY Corporate Trustees Ltd

Lehman Brothers, prior to its 2008 filing for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code, created a package of 19 special purpose vehicles (including Lehman Brothers Special Financing Inc) known as the "Dante Programme."

Ecotax

Spain reduced taxes for cars that produced less CO2 (some of which will be exempted), while the more consuming, like SPV and 4WD saw their taxes increased.

Philippine American Life and General Insurance Company

Philam Life was part of the American International Group (AIG) until 2008 when the company, along with other AIG subsidiaries, American International Assurance (AIA) and ALICO were placed under the administration of a special purpose vehicle in exchange for a bailout by the Federal Reserve Bank of New York.


see also

ESFS

European Financial Stability Facility, a special-purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis

National Capital Region Transport Corporation

A Task Force set up by the Planning Commission for the RRTS for the NCR in its meeting held in December, 2009 proposed the construction of a Special Purpose Vehicle (SPV) called NCRTC, for the implementation of a comprehensive integrated multi-modal subĀ­urban commuter transportation system for the NCR, to start with a corpus of Rs.100 crore.

National Optical Fibre Network

A special purpose vehicle Bharat Broadband Network Limited (BBNL) was created as a Public Sector Undertaking (PSU) under the Companies Act of 1956 for the execution of the project.

The Special-Purpose Vehicle Bharat Broadband Network Limited (BBNL) was incorporated to execute the project, implemented by three prominent telecom PSUs.

Road network in Tamil Nadu

EnnoreManali Road Improvement Project was developed by a special purpose vehicle formed by National Highways Authority of India (NHAI), Chennai Port Trust (CPT), Ennore Port Limited (EPL) and Tamil Nadu Government (GoTN) at a cost of Rs 600 crore.