The vehicle will be capitalised to the tune of $1.98 billion, with $180 million in equity from the two partners and $1.8 billion in debt issuance capacity guaranteed by the Singapore government.
The allowed return of 2.96% will also see investments of over £50bn by the 17 water companies as the regulator bids to improve service and reduce leakage.
First State Super CEO Deanne Stewart will continue as chief executive of the merged entity, which the two funds said would provide access to more investment opportunities and reduce costs.
The federal government broadly supported recommendations put forward by the Productivity Commission in October including amendments to increase airport owners' reporting requirements.
The New York-based firm collected commitments from 240 global LPs, a strong sign that 'investors like the asset class, like the opportunity set,' GIP’s chairman said.
The vehicle is the Commerzbank subsidiary’s second in a series, although this time has wider European mandate than only Germany.
Will the asset class grow further? What strategies do LPs prefer? And what keeps them up at night? Get a sneak peak at what 146 investors have to say on these questions.
The firm's acquisition of Highline is its first in Brazil, a market Digital Colony believes will experience exponential growth in digital infra.
The vehicle has a target of €1.6bn and follows on from its €1.2bn predecessor, which closed last July.
The pipeline of projects in the country looks good, despite the standstill at federal government level. Claire Coe Smith reports on the role private capital can play.
Voting is now open for the 11th annual global Infrastructure Investor Awards. You have until Friday 10 January 2020 to vote.
The London-listed group says the projects are ‘less attractive’ as they have moved from the construction to the the operational phase.
The superannuation fund has partnered with Palisade and HESTA to acquire Snowtown 2 Wind Farm in South Australia.
The Canadian pension’s $600m commitment shows ‘alignment of the Master Fund’s strategy with what large institutional investors seek in India', NIIF says.
A series of presentations at a public AEMC hearing in Sydney saw five stakeholders come out strongly against the current MLF regime, with only Infigen Energy defending it.