A consortium of Turkish company Limak and France’s Aeroports de Lyon has won a 20-year, €140m contract to build a new terminal and upgrade Kosovo’s Pristina airport. The contract is one of Kosovo’s first public-private partnerships.
The Australian asset manager has just launched a new listed vehicle targeting infrastructure investments across the globe including energy, transportation, communication and water. The fund’s investment team, headed by Craig Noble, will have a presence in London, Chicago, Hong Kong and Sydney.
The UK-based private equity and renewable energy investor has announced its role as equity backer for the construction of a new 44-megawatt wind farm in Sweden. A 17-year project financing facility for the deal has been underwritten by Commerzbank.
David Ryan resigned as chairman of Transurban today just as the toll road operator announced a swing back to profit. Chief executive Chris Lynch expressed surprise about the resignation in a conference call with reporters. Lindsay Maxted, ex-chief executive of KPMG Australia, takes his place.
Wind Prospect, a developer and adviser specialising in renewable energy, has announced it will open a new office in Cape Town, South Africa in October this year. The office will provide due diligence services to developers, banks and financial institutions across Africa.
The Macquarie vehicle said that CPPIB has completed due diligence on it after a month spent in its data room. Intoll expects to be able to announce a decision regarding CPPIB’s A$5bn offer to take it over no later than August 27, when Intoll presents its full-year results.
ACS ended up being the engine behind CVC’s entrance into Abertis’ shareholder base - but the transaction may only be a sign of larger restructurings to come.
A bank syndicate including fellow Abertis shareholder La Caixa, financial advisor Mediobanca, Santander and Société Générale are providing €1.5bn in debt to help fund CVC’s purchase of a 16% stake in the infrastructure company.
The UK PPP and PFI investor has been appointed alongside property consultancy Lambert Smith Hampton to manage the £55m Regeneration Investment Fund for Wales, an urban regeneration fund.
The ministry of finance has launched the Indonesia Infrastructure Finance company to provide long-term funding for the country’s infrastructure and promote PPPs. It launches with $179m of equity and committed loans of up to $224m.
Three banks have provided Transurban with a three-year, A$260m non-recourse debt facility to finance its acquisition of Australia’s Lane Cove Tunnel, which the toll road operator acquired for A$630m in May.
Egyptian Refinery Company, which is building a new oil refinery in the Greater Cairo area, has raised a $2.6bn debt package supported by a host of export credit banks and development finance institutions including the European Investment Bank and the African Development Bank.
A report by Brazilian financial sector association ANBIMA says that the total volume of project finance activity grew by 431% last year, with energy representing the lion’s share of transactions.
The Colombian energy group said last Friday that it will acquire the remaining 40% of Cintra’s Chilean roads business. ISA agreed earlier this year to acquire a 60% stake in Cintra Chile for €209m.
Sniper Capital, the Macau-focused fund management business, has launched its first private equity real estate fund as it aims to capitalise on a lack of non-gaming leisure real estate on the former Portuguese colony.