Prime Minister Vladimir Putin has announced the government wants ‘to turn aviation infrastructure into a prospective and attractive platform for investment’ following the success of the public-private partnership to modernise Pulkovo Airport.
Brazil’s federal audit court has given the go-ahead for the Rio-São Paulo high-speed train, known as the bullet train, after cutting its price by $837m. A tender for the technically challenging project – it will require 91km of tunnels and 103km of bridges and viaducts – is now expected by the end of next week.
The private equity party is starting to swing in Brazil, but many GPs are keen to point out that opportunities abound throughout the Latin American region.
The private equity industry awaits resolution on the AIFM directive as three-way negotiations between the EU parliament, the Council of Ministers and the European Commission are expected to conclude in July.
Michael Till, co-head of infrastructure investments at the emerging markets specialist, reveals Actis’ plans for its Indian roads joint venture with Tata and explains why ‘capital has to be very patient in emerging markets’.
Economic planning council minister Christina Liu says she wants the private sector to fund 30% of the $124bn the Asian tiger's plans to spend on infrastructure over the next eight years. She is also inviting foreign investors to discover a local debt market with a ‘huge amount of capital available’.
Robert Bain, an independent infrastructure consultant and former credit analyst at Standard & Poor’s, says development banks have a responsibility to discourage poorer countries from embracing certain PPP programmes that are likely to prove unaffordable.
The 30-year fund plans to raise at least €115m to invest in Benelux infrastructure. Unlike their first fund, DG Infra+, the new vehicle will focus on annual cash distributions to investors with the fee structure linked to the fund’s annual yield. Five investors have already committed €80m to the fund, which is targeting its first close in September.
Partner Michael McGhee said at a transport conference in Barcelona that the fund manager plans to increase the airport’s debt-to-regulated asset base ratio to between 60% and 65% from its current 43%.
Infrastructure Development Finance Company, the India-focused infrastructure business, is to set up a real estate investment arm and has hired former SUN-Apollo managing director and chief executive officer, Chetan Davé to lead the platform.
The government has launched a pre-qualification notice for the 30-year public-private partnership to upgrade and manage Bamako-Sénou airport. The contract will be worth about €100m with interested parties to submit their qualifications by July 30.
The global alternative investment manager has closed its largest direct private debt vehicle to date.
Headed by Novera Energy founder David Scaysbrook, the team will make direct investments in areas including wind farms and solar projects.
It’s ultimately in the best of interests of fund managers to accept tax increases, such as the UK's new 28% capital gains rate, and move on.
The Swiss alternative asset manager and adviser has launched a new clean energy and infrastructure initiative headed by Novera Energy founder David Scaysbrook. The firm plans to make direct investments in areas including wind farms and solar projects.