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.
The regulator has sided with London authorities and told Ferrovial-owned Tube Lines to cut its seven-year capital expenditure programme by 30%.
Infrastructure news from around the world
Prospects for private investment in the US airport sector remain intriguing, write ING's Willem Sutherland and Ryan Prince.
Consortia led by France’s three largest construction companies – Bouygues, Eiffage and Vinci – have submitted offers for the Tours-Bordeaux and Bretagne Pays de la Loire high-speed rail lines. Both projects will benefit from a debt guarantee from the French government.
It’s been a quiet couple of years for infrastructure investors in France, but the country now finds itself the focus of considerable expectation. As part of its stimulus package to deal with the global financial and economic crisis, the government introduced support for infrastructure projects which was designed to ease their flow through the pipeline. With a good legal framework, a sober approach to financing and increasing investor demand for exposure to the Eurozone, hopes of progress are high. But might optimism yet be frustrated by bureaucracy? Andy Thomson sought the views of five of France’s leading infrastructure practitioners.
The loans will target high-speed rail, electricity distribution, renewable and clean energy projects.
The London-listed public and social infrastructure investor will use the money to finance acquisitions over the next six to 12 months.
A possible sale appears to be another step in winding down Santander’s second infrastructure fund, which halted fundraising in the fall. Santander decided against launching the €1.5bn fund due to adverse market conditions.
The joint venture fund management platform of Mumbai-based Samsara Capital and London-based Catalyst Capital, will target ‘affordable’ residential developments in India’s tier I cities. He told PERE’s Jonathan Brasse in an interview for the PERE Yearbook 2009.
The Swiss alternatives manager has more than doubled the size of its previous global secondaries fund, closed in 2006.
The project takes the Austrian construction company’s PPP portfolio to 30 projects. Revenues will be generated by direct toll collection but the World Bank is hedging risk by guaranteeing toll collection and political risk.
The four projects were held in a joint venture with BAM PPP, which has now sold its remaining 50% stake to DIF.
A new report looking ahead to prospects for Greek infrastructure investment in the first quarter of 2010 identifies the concession tender for Crete’s Kasteli airport as critical in a market suffering more than most.
Why a proposed housing bill in India could scare off institutional investors as easily as attract them. PERE Magazine December 2009- January 2010 issue