Yearly infrastructure maintenance costs of €500bn are likely to pressure governments to create more investment opportunities for infrastructure investors, says First State Investments. Fiscal pressure on European corporates and EU directives calling on utilities to unbundle assets will also generate increased deal flow.
The president of the European Commission has called for new sources of finance to fund European Union infrastructure projects including 'EU project bonds', to be issued together with the EIB, and more public-private partnerships.
A research report by BNP Paribas argues that Indian highway concessions are becoming larger and are moving into riskier areas of the country.
The infrastructure investor has acquired an additional 5% interest in a regasification plant in northern Spain, taking its total holding in the asset to 30%. The seller was Spanish oil and gas company Repsol.
Dan Clague, a leading figure in European infrastructure-related advisory, has moved from Société Générale to Hawkpoint Partners, where he becomes a managing director. He is a specialist in transport and business services.
US President Barack Obama will announce a transport infrastructure programme calling for at least $50bn of spending upfront. He will also call for the creation of an infrastructure bank that 'would leverage private and state and local capital to invest' in projects critical to the economy.
Antin Infrastructure, AXA Private Equity, Allianz, Goldman Sachs, Infracapital Partners, Macquarie and RREEF are among the funds thought to be involved in the bidding processes for four gas assets across Germany, Spain and Portugal.
The A-Lanes A15 consortium, which includes the Austrian developer, is on track to be named preferred bidder on the Netherlands’ €2bn A15 highway PPP. The deal is generating strong interest among commercial banks, with more than 20 said to be looking at it.
Slovakia’s recently elected centre-right government decided not to pursue the PPP route for a €3.3bn stretch of highway after complaining on the campaign trail that the project was too expensive.
The private equity manager, which earlier this year launched a clean energy infrastructure initiative, has opened a new office in Zurich – complementing its Swiss headquarters in Zug as well as seven international offices.
Slovakia’s recently elected centre-right government decided not to pursue the PPP route for a €3.3bn stretch of highway after complaining on the campaign trail that the project was too expensive. Other governments are facing similar decisions.
The former colony receives most attention for its gaming. One firm sees potential in its leisure industry instead. PERE magazine September 2010 issue
The two shareholders, which together hold 25.86 percent of Abertis, have agreed not to sell their stakes in the Spanish developer for the next three years.
The consortium, known as Atlandes, has been named preferred bidder for the €1.1bn A63 highway in the southwest of France. The contract requires the team to pay an upfront fee of €400m to the procuring authority.
The reputation of toll road public-private partnerships in Australia has been dealt a further blow with the news that the Clem Jones Tunnel in Brisbane has delivered a A$1.6 billion loss for its private owner and operator RiverCity Motorway Group, over the last financial year.