Business secretary Peter Mandelson said in a speech last week that private sector funding for UK infrastructure will have to be mobilised on 'a totally new scale'. And for that to happen, the government has to examine “the case for public sector-backed financial institutions to achieve this mobilisation”.
The UK’s PPF has sketched out a 20% allocation to alternatives, which will see the £3.9bn fund invest in private equity and infrastructure funds for the first time.
UK PPP arbiter Chris Bolt has set the final cost for the upgrade of London’s underground rail at £4.46bn over the next seven-and-a-half years - £460m more than the London authorities are willing to pay. Mayor Boris Johnson threatens legal action against the arbiter.
In the March 2010 issue of Infrastructure Investor magazine, Alinda Capital Partners’ managing partner Christopher Beale claims that the bubble years were effectively a 'laboratory experiment' for infrastructure investment. When GPs misplaced the fundamentals of sound investing, the experiment went wrong.
The Scandinavian country’s first rail PPP, worth €660m, is moving forward with the Finnish rail authority having appointed legal and financial advisers for the project earlier this month. Initial offers are expected in September this year.
Jeff Kendrew has joined Brookfield Asset Management as chief development officer of its infrastructure unit. He was previously managing director and chief executive of Australian infrastructure fund Prime Infrastructure.
Swedish construction firm Skanska has sold a stake in a Norwegian road PPP to two of its employee pension funds. The company expects to book a capital gain of €14m from the sale.
Boasting $4bn in total, Alinda Capital Partners’ latest fundraising effort drew $2.5bn of support during the toughest 12 months for raising capital in living memory. Alinda managing partner Christopher Beale looks back on events in conversation with Andy Thomson.
Brazil’s role as host of two major sporting events could cost it an estimated $500bn over the next five years. With such a tight and expensive deadline looming, the country would do well to take a look at Mexico if it wants to get the private sector on board to help it meet the bill.
UK infrastructure group Balfour Beatty has won its first US PPP contract outside the military sector – the $123m Florida Atlantic University student accommodation project. It has also sold stakes in two Scottish PPP projects for a combined £24.3m.
Senior Mexican government officials were in Madrid yesterday wooing Spanish firms and investors for the $50bn in infrastructure the authorities plan to tender this year. The standouts are a new airport in the Mayan Riviera and a multi-hundred million dollar highway package in the state of Jalisco.
Jim Evans has joined the board of directors for both the Australian Infrastructure Fund and its managing entity, Hastings Funds Management.
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners. PERE March 2010 issue
PEI talks with Ben Hewetson, the head of Teachers’ London office, about the group’s plans for Europe and the complexities surrounding its recent Acorn deal.
The veteran infrastructure investors both won in four categories, with GIP taking the much coveted Global Infrastructure Fund of the Year award. The awards are a first for InfrastructureInvestor and attracted votes from over 35,000 industry participants, with both established players and rising stars taking the honours.