The fund manager is buying Parkia from EQT and Mutua Madrileña for a reported €300m less than two years after a merger between the two investors’ respective car park operators.
The Bank’s president, Werner Hoyer, is sad to see the UK leave the EU but stresses there will be no immediate changes to the EIB’s engagement with the country.
.JPG "ADB to back Indian river bridge with $500m")
The project, set to be the country’s longest river bridge, is expected to serve nine million people in the region.
The Beijing-led bank has approved its first batch of investments, a significant step towards hitting its target of lending $1.2bn this year.
The UK developer is offloading its project management business to HCP Management Services as it turns its focus on greenfield projects.
The partners will develop and finance a 600MW renewable energy portfolio in sub-Saharan Africa.
Infrastructure investors underline their portfolios are relatively insulated – but the UK’s leap in the dark leaves many deeply concerned.
_open%2080.jpg "Infra investment gap widens as low growth takes toll")
If underinvestment continues at its current pace the world will face an annual shortfall of $350bn by 2030, McKinsey warns.
In a highly competitive infrastructure market, pre-emption rights can be of enormous value – or a great source of difficulty. Berwin Leighton Paisner’s Mark Richards and Tim Sumner tell us when LPs should seek to exercise them.
The two financiers have pooled assets including Ghana’s Kpone and Kenya’s Lake Turkana projects into a unit capable of supplying 30 million people.
IFC affiliates and two fund managers have backed the developer as it seeks to expand Lekela Power, a joint venture it launched last year alongside Actis.
The US utility has tapped the European market for its second green bond issuance since November.
The Russian sovereign fund has also raised debt from Gazprombank to undertake a healthcare project in St. Petersburg.
The UK's green bank and the asset manager will invest in the Northern Irish facilities as part of Foresight’s recycling and waste fund.
Cosette Canilao is one of the senior figures joining the UK consultancy's new infrastructure advisory business alongside KPMG and McKinsey alumni.