Transport minister Lars Barfoed says successful completion of the pathfinder project could pave the way for more road PPPs. The Strabag-led consortium will invest €148m in the M51 road but will receive availability payments from the Danish government.
A developer is expected to be selected soon for the Upper Ganga Canal Expressway, the latest major road project in the state.
The ANITE consortium, led by Atlantia subsidiary Autostrade per l’Italia, has pulled out of the race for Abu Dhabi’s $2.7bn Mafraq-Gwheifat highway PPP. Three bidders are now left with a winner expected to be announced in the second half of the year.
MVision, the private equity placement agent business led by Mounir Guen, has appointed Mitchell Sikora and Scott Arden from JT Partners to boost its real estate services offering.
London First has launched an Infrastructure Commission chaired by Macquarie Capital Funds Europe head Martin Stanley. The Commission is soliciting views from stakeholders before approaching relevant authorities with policy recommendations.
The French-Canadian partnership has acquired three wind farms in France from renewable firm Theolia for €73m. The new farms add 47 megawatts to Boralex's European wind portfolio.
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The new company – provisionally called Veolia-Transdev – would become one of the world leaders in passenger transportation and plans to attract new investors via a public listing.
The fund has $107m of initial funding and, in exchange for the payment of premiums, will protect investors against unfavourable policy decisions affecting PPP projects.
PensionDanmark and PBU have agreed a €100m co-investment in a renewable energy fund run by a third pension, AP Pension. In a separate development ATP, a fourth Danish pension, will channel €1bn to a climate change fund.
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Fund manager Meridiam Infrastructure has taken an 85% stake in a company that will finance, design and construct a cycling stadium in Paris. The firm had previously built a portfolio of European and North American road PPP assets since its launch in 2008.
The first state-backed, pan-European infrastructure fund is expected to receive over five bids next month. But shareholders of the €275m vehicle will have to decide whether to sell the whole portfolio or selected assets.
Abu Dhabi’s $2.7bn Mafraq-Gwheifat highway – the Gulf emirate’s first road PPP – attracted final bids from four of the five original bidders. A winner is expected to be announced in the second half of this year.
The Natixis-sponsored fund raised its total commitments to €600m at the end of 2009, adding a new institutional investor. A final close of €1bn is targeted for the first half of this year.