In a swapping of assets, OTPP has acquired an additional stake in the UK’s Bristol Airport from MAp, while MAp has taken over OTPP’s remaining interest in Copenhagen Airport.
The Aberdeen bypass is set to be funded via a public-private partnership with a contractor to be selected in 2010-11. But the project may face an uphill political struggle before it starts procurement.
The Sub-Saharan Africa-focused fund has attracted commitments from CDC and IFC. It will invest around 50% of its capital in infrastructure-related projects.
The private equity firm has closed its fund at $150m, reaching its original target size. The fund will target infrastructure projects in Central America, Mexico, Colombia and the Dominican Republic.
Macquarie International Infrastructure fund has netted just over $50m from the stake sale. Its portfolio is now mostly made up of direct investments in Asia.
Vinci is understood to be planning the gradual divestment of its stake in airport operator Aeroports de Paris, which it acquired in late 2007 for about €229m.
UK appeals court says the decision to force airport operator BAA to sell three of its seven UK airports was affected by 'apparent bias', but stops short of saying if it won’t have to sell more airports.
Morgan Stanley Infrastructure and Portuguese energy group Galp Energia have purchased Gas Natural’s Madrid distribution network for €800m. The deal is expected to close in the first half of 2010 with 11 banks providing debt.
The regulator has sided with London authorities and told Ferrovial-owned Tube Lines to cut its seven-year capital expenditure programme by 30%.
Macquarie Infrastructure Group’s proposal to divide itself into two listed groups separated according to risk profile has been recommended by the firm’s independent directors. It now moves on to a vote of security holders.
The Swedish fund has seen off competition from Infracapital Partners to acquire the gas utility. Swedegas is the fund’s third acquisition - and its first in Sweden - for which it is understood to have paid around €200m.
Looking back on 2009, investors soaked in several important lessons about infrastructure. More importantly, despite the difficult economic climate, they made progress in growing and establishing this fast-growing – and essential – asset class.
Ofwat, the UK water regulator, recently released its final determinations for the period 2010 to 2015. The final determinations set out service standards, investment plans and price limits for UK water companies, having taken into account business plans submitted by them.
Infrastructure news from around the world
Warren Buffett called his $34bn investment in railroad Burlington Northern Santa Fe an 'all-in wager on the economic future of the United States'. If his kind words for a Chinese suit maker are any indication, perhaps the fate of the US economy may be on the rise.