A possible legal challenge is brewing as unions rage against UK job losses stemming from the award of a train PFI contract to a Siemens-led consortium.
The Philippines finance secretary has insisted that the country’s public-private partnership programme remains on track, despite the deferral of the Aquino administration’s first planned PPP last month.
The Public Private Partnership Approval Committee has given the green light to six new highways across India worth a combined $2.2bn. India has one of the world's largest roads refurbishment programmes said to total $50bn when completed.
A report has been produced recommending Camden Council’s opposition to the planned £33bn High Speed 2 rail line linking London to Birmingham, Manchester and Leeds. The report is to be discussed by a cabinet meeting of Camden Council on 20 July.
An auction on Monday failed to attract any bidders for the 511km high-speed rail link between Rio de Janeiro and São Paulo. But the government is undeterred and has decided to split the auction into two distinct phases with construction now earmarked to start in 2013 at the latest.
The public-private partnership investor has raised about A$745m from three banks and has chipped in A$116m of its own equity to finance the construction and maintenance of 3,020 accommodation units at 14 defence facilities across Australia.
A shift in strategy by pension funds worldwide means they now comprise around half of alternative asset managers' investor base, according to a recent survey. The survey also shows pensions’ already strong appetite for real estate continuing to grow as they seek to diversify away from equities.
The non-binding proposal from the Hong Kong-based investor values Northumbrian Water at 465 pence in cash for share. Cheung Kong is now conducting due diligence, but it must sell another UK utility it owns, Cambridge Water, before tabling a firm offer for Northumbrian Water.
After a grim first quarter of 2011, global infrastructure fundraising picked up in the second three-month period. In total, $6.2bn was closed in Q2 compared with $2.2bn in Q1 – bringing the total raised to $8.4bn so far this year.
The Gulf emirate has successfully syndicated a dual-currency, six-year debt instrument backed by future tolls collected through the Salik electronic toll collection system.
The Canadian fund manager has committed a $10m loan to the Jordan-India Fertilizer Company to finance construction of a new $186m plant in Jordan that will produce fertilizer for the Indian market.
The Port Authority of Genoa is selling its 60% shareholding in Genoa airport and is requesting expressions of interest from the private sector by July 22. The sale is expected to be concluded in late November.
Infrastructure fundraising is struggling to recover – and the problems of the Eurozone are a contributory factor
Australia´s New South Wales government has issued a call for expressions of interest from the private sector to maintain and operate Sydney Ferries. A consortium of Transfield Services and Veolia Transdev has already said it will bid for the contract.
Infrastructure fundraising is struggling to recover – and the problems of the Eurozone are a contributory factor.