The UK government-owned development finance institution has pledged capital to two funds addressing climate change and energy efficiency in some of the world’s poorest countries.
The European Investment Bank has launched a technical assistance programme to encourage the use of public-private partnerships across nine Mediterranean countries. The bank wants to get the private sector on board to help fund some €300bn in regional infrastructure investments by 2030.
The UK government’s decision to scrap school building projects under the previous Labour government’s Building Schools for the Future programme has been ruled an ‘abuse of power’ by the High Court for its lack of consultation.
Strenuous efforts have been made to devise tailored infrastructure fund models. These efforts are not necessarily being rewarded. Here's why.
The Austrian developer is to lead the rehabilitation and upgrade of 150km of road in Romania. The works form part of the country’s sixth national road rehabilitation programme, which is backed by funding from the European Investment Bank.
The scheme to widen the UK’s M25 motorway has been attacked by a second Parliamentary body. While the National Audit Office said delays resulted in procurement being affected by the credit crunch, the Public Accounts Committee has focused on a ‘technical mistake’ in assessing the costs of different approaches.
Strenuous efforts have been made to devise tailored infrastructure fund models. These efforts are not necessarily being rewarded. Here's why.
The £5bn Private Finance Initiative for UK search and rescue helicopter services has been cancelled following claims of ‘irregularities’. A member of the preferred bid team – believed to be CHC Helicopter – is understood to have been wrongly given access to ‘commercially sensitive’ information. The matter is now under police investigation.
Swiss-Asia Financial Services, a Singapore-based fund manager with a focus primarily on hedge funds, has officially launched a new infrastructure fund targeting so-called ‘district energy’ assets in China. The fund, which has around €84m in committed capital so far and a target size of €500m, has just made its first investment.
Privately financed infrastructure projects in the UK may have been rated too conservatively according to an infrastructure investment analyst, who calls for a reassessment from the ratings agencies.
Antin Infrastructure Partners, the Paris-based fund manager which closed an oversubscribed debut fund on €1.1bn in September last year, has announced the appointment of Angelika Schöchlin as a partner from private equity firm Terra Firma.
The Russian bank’s private equity team’s plans include a $500m mid-market fund and various types of real asset investment programmes.
3i Infrastructure, the London-listed infrastructure investor, has signed a new £200m revolving credit facility with a five-member banking syndicate. It replaces an equivalent £225m facility due to expire next month, and will be used as a ‘bridge to equity’ to finance future transactions.
Simon Monk, co-founder of Bahrain-based infrastructure investor Instrata Capital, has left the firm due to family commitments and moved back to London, where he previously advised on high-profile deals for UBS Investment Bank. He is currently considering his options.
Despite being labelled as the developed world’s most undeveloped infrastructure market, the United States delivered a higher value of infrastructure transactions than any other nation in 2010, according to InfrastructureInvestorAssets.