Hugh Daniel, founding partner and former joint chief executive of UK-based project finance consultancy Operis, passed away suddenly last Saturday.
The UK’s first listed infrastructure fund has returned to profit for the year ending March 31 2010. The fund expects a slowdown in the PFI primary market but is looking to continue purchasing in the secondary market.
ASEC Cement and TAQA Arabia, two firms owned by Citadel Capital, have formed a joint venture in Sudan that will provide electricity for a greenfield cement plant owned by ASEC.
The board of the Australian toll road operator has sent a letter to its shareholders attempting to reassure them that the company is in good shape after its stock plunged by over 10% following the firm’s rejection of a recent takeover bid.
The three countries are expected to sign a memorandum of understanding in early June to guarantee EU financing for the high-speed corridor interconnecting their capitals.
The UK’s National Audit Office will analyse whether the procuring authority 'selected a cost-effective option to deliver its objectives and value for money', given that the PFI contract was signed at the height of the credit crunch.
A new focus on value for money for consumers is making the nature of regulatory risk more unpredictable.
Paris-based Antin Infrastructure Partners is due to reach its third close next week on a little less than €700m. Several new investors are thought to have joined the fund, which is sponsored by BNP Paribas and is targeting €1bn.
The Canadian pension is understood to have sold its 12% stake in Australian toll road operator Transurban for A$710m, following the latter’s recent rejection of a takeover bid submitted together with CPPIB and CP2.
The opening of the new Terminal B at Dubrovnik airport, the third-largest airport in Croatia, follows a €23.5m private financing led by Erste Bank, the Vienna-based banking group focused on Central and Eastern Europe.
New UK transport secretary Phillip Hammond is open to greenfield toll roads built by the private sector but warns that ‘the privatisation of the [existing] road network [is]a non-starter’.
Brussels has some environmental concerns regarding the €3.3bn first stretch of Slovakia's D1 highway PPP that need solving before full approval is granted. The government wants to close the deal – which faces political opposition at home – by May 18, before parliamentary elections take place in June.
3i will use a ‘very conservative funding model’ from now on, said 3i’s Michael Queen, as the firm gears up to start making new investments.
Mid Europa Partners, the London-based private equity firm focused on Central and Eastern Europe, has made its first investment in renewable energy since the firm decided to make it a core target sector nine months ago.
The two companies put pen to paper on their merger plans, creating one of the largest transport groups in the world with €8.1bn of combined revenue in 2009. An IPO will take place 12 months after the deal closes, opening the vehicle to new investors.