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 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.
After failing to reach financial close before June’s parliamentary elections, the €3.3bn first stretch of Slovakia’s D1 highway did not survive the change of government, with the new transport minister now scrapping the PPP contract.
The US state issued a request for qualifications yesterday for the management of 17 rest areas and nine welcome centres along its highways. Interested parties should respond by November 10 with a request for proposals to be issued for pre-qualified bidders on December 17.
Infrastructure doyen Vito Gambarale and private equity veteran Carlo Mammola have joined forces with Berger, Lahnstein and Middelhoff to raise €250m for the Italian mid-market.
Transport minister José Blanco finally unveiled the projects he intends to tender this year as part of his €17 billion public-private partnership programme. Railways amount to seven of the eight concessions to be tendered in 2010, worth a total of at least €5.7bn.
The sheer weight of capital that’s needed means emerging market infrastructure is certain to be a huge investment theme going forward. But how can investors exploit the space sensibly, taking into account the various risk factors? Evan McCordick of Cordiant Capital looks at the options
Dragages Singapore, a subsidiary of Bouygues, and HSBC Infrastructure Fund III have won a contract to build and operate a sports hub in Singapore over the next 25 years. UPDATED WITH FULL BANK LIST.
Inflation hedging is a key driver of infrastructure’s fundraising revival, writes Andy Thomson
The advisory company running the day-to-day activities of the EU-focused €1.5 billion Marguerite infrastructure fund has hired Michael Dedieu, the former head of Fluor’s European infrastructure business, to be the firm’s managing director for transport investments.
Parsippany-based Pramerica Real Estate Investors and London-based Rockspring Property Investment Managers become the latest beneficiaries of the National Pension Service of Korea’s desire to increase its exposure to alternative assets.
Jonathan Davis Arzac replaces chief executive Stephen Mentzines in a reshuffling of the fund’s senior management.
The UK-airports operator, owned by Ferrovial, successfully refinanced £625m of junior debt with eight banks, an increase on the original £500m it was seeking. BAA said it plans to repay £1.1bn of a £1.57bn debt facility in September, prompting credit default swaps on the group’s debt to fall.
Spence Clunie, a senior managing director responsible for Macquarie Capital’s UK and European debt business, has left the firm after five years to set up his own business in the infrastructure space. However, he will still act as a consultant to Macquarie until the first half of 2011.