A ‘traumatic’ gap is made larger because non-bankable projects without clearly defined revenue streams are inflating infrastructure programmes, financiers say.
Angels Flight, a 116-year-old funicular, will reopen this summer following an agreement between the site’s owners and ACS.
The company’s partnership with VLC Energy will help it develop the 50MW of storage it won in a UK auction as well as target further investments.
Prime Minister Justin Trudeau and Quebec’s Minister for International Relations think infrastructure investment is crucial to enable trade between Canada and its southern neighbour.
The UK pension has joined the EIB as one of the greenfield fund’s largest investors, bringing the vehicle closer to its £1bn target.
The world’s second-largest economy invested $411bn in transportation projects last year.
The Swiss wealth manager has teamed up with a fixed-income specialist to tap the $700bn global climate bond market.
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NAB, ING and Rabobank have joined Macquarie in providing debt to a 151MW portfolio backed by the UK’s Contract for Difference regime.
Ehren Cory replaces former president and chief executive Bert Clark, who left last autumn to join a newly launched pension fund manager.
DJ Gribbin, a champion of P3s and a Bush administration veteran, will serve as a special assistant for infra policy.
BAM was awarded the €260m project to widen a 30km stretch of the roadway in 2010 and formed a joint venture with PGGM the following year.
Ofgem’s fifth tender round, worth £2bn, has attracted interest from usual suspects as well as DIF, which is bidding for the first time.
Highlighting the positives of investment rather than talking about ‘infrastructure spending’ can make projects easier to sell to an increasingly wary public, according to industry heavyweights.
The group has offered a combined $200m financing package to help a state-owned developer deliver at least nine PPPs in China’s smaller cities.