staging
The debt facility aims to help the state of Gujarat improve connectivity through a $1.5bn infrastructure programme.
The two countriesโ€™ sovereign wealth funds will inject another $1bn into an existing Russia-focused vehicle, which also looks to raise $2bn from third-party investors.
Backed by five debt providers, the funds will be used to expand two airports on the island won in a concession in 2015.
TINC is set to acquire nearly a quarter of the highway PPP six months after raising โ‚ฌ77m via a capital increase.
The new hub at Jewar is expected to complement the existing Indira Gandhi International Airport as air traffic grows rapidly in the capital region.
The $380m project is the latest stage of a near-$1bn effort to expand the hub, which is backed by the likes of QIC, Colonial First State and IFM.
The acquisition is the fifth tie-up for the Swedish firmโ€™s third fund which closed on โ‚ฌ4bn earlier this year.
The deal comes just days after the manager acquired a set of wind farms and builds on its holdings in two sizeable oil storage and pipeline assets.
The team, which also includes Antarctica Capital and Silverpeak Real Estate Partners, has acquired the USโ€™s largest parking owner and operator six years after Alinda bought the company.
The Manila-based lender believes the Indian governmentโ€™s commitment to reforms in the last three years has helped improve the investment climate.
Proceeds from the Korean lenderโ€™s inaugural offering will be used to finance or refinance renewable energy projects.
The consortium, also comprising Shikoku and Eiffage, acquired a project that will be built in the Atacama Desert.
After its first infrastructure investment last month, the Ohio pension has pledged up to $80m to Meridiamโ€™s third North American fund and upped its real assets target.
The deal brings an end to the firmโ€™s 10-year ownership of Red Funnel, having initially purchased the company from JPMorgan.
The projects were won in Italyโ€™s latest auction last year by PLC System and are set to begin construction next month.
ii
ii

Copyright PEI Media

Not for publication, email or dissemination