Infrastructure | Toll Road | Valuation | Enquiery

Hello guys,

I am trying to solve a modeling exercise for a toll road operator. Infrastructure bankers particularly welcome :)

Could you please advise me on what would be the most sensible assumptions for the following items:

• Debt: Buller or Amortizing? How long is a typical tenor, if the asset life is 30 yrs?
• What would be a typical capital structure?
• What would be a typical discount rate for DCF? Beta? Required cost of equity for an infra project?
• D&A assumptions?
• Average EV/EBITDA multiple for the sector (I have seen pretty high figure so far 20x+)

Thanks