The investment, INPP’s ‘largest single commitment to date’, will see the listed fund acquire stakes in 48 projects from the now-defunct Building Schools for the Future (BSF) programme. The purchase will add to INPP’s existing 106 schools, with schools now comprising 32% of its portfolio value.
The Swiss private markets investor has acquired a stake in Madrileña Red de Gas, the Spanish gas distribution company that was bought by Morgan Stanley Infrastructure Partners and Galp Energia in an €800m deal last year.
The Chinese sovereign wealth fund is in ‘advanced exclusive talks’ to acquire a €2.3bn minority stake in a unit of the French utility. The two firms have also agreed to explore co-investment opportunities in gas, power, and water and waste across Asia Pacific.
In a research report, Swiss private markets investment firm Partners Group has recommended investing in real assets and companies amid what it describes as a ‘stagflation-type scenario’ in parts of the advanced world.
The consortium, which also includes Italy’s Astaldi and Turkey’s Ictas Insaat, has been named preferred bidder to construct and operate the central section of the St Petersburg Western High-Speed Diameter toll road, the largest project launched within Russia’s PPP framework.
A consortium led by the Turkish airports operator has been named preferred bidder to more than double passenger capacity at Saudi Arabia’s Medina International Airport. The build-operate-transfer contract will last for 25 years.
The Franco-Dutch consortium has been awarded a 20-year contract with no traffic risk to widen and refurbish a 46.5km section of Germany’s A9 motorway. Financial close on the availability-based contract is expected over the next couple of months.
The developer has reached financial close on a £230m contract to provide various street lighting services to Northamptonshire County Council over a 25-year concession period. It is the sixth such deal it has struck with English councils.
A senior US politician has shone a spotlight on the need for more private investment in his country’s infrastructure. But, as the US market opens up, fund managers must stay level headed
The bank has announced that it will be providing all the debt finance for the upgrading of the Beitbridge Border Post between South Africa and Zimbabwe. Under the terms of a 15-year concession, various measures will be implemented to ease the flow of traffic at one of the region’s busiest cross-border locations.
Hervé le Corre is to spearhead the bank’s PPP and concessions activities in France, taking over the role from the departing Julien Thureau. Le Corre has been part of the project finance team since 2006.
The government has started the bidding for 90% of Madrid and Barcelona airports. Both airports will be tendered for a period of 15 years, extendable for a further five years. Interested parties should submit their qualifications by September 5.
The venture capital firm got in ahead of today’s closure of the UK’s feed-in tariff incentive for large-scale solar plants. At the end of last week, it announced it had accumulated a portfolio of 11 such sites.
Australian and international firms have expressed an interest in bidding for Sydney Ferries, tendered earlier this year by Australia’s New South Wales government. The government will now shortlist bidders with a view to inviting bids later this year.
The EIB hopes that its project bond initiative will help it gracefully step back from the prominent lending role it has assumed following the global financial crisis. But the new initiative may originate another cycle of EIB-dependence.