The Dutch fund manager and French developer have joined forces on the Angouleme hospital public-private partnership. The deal means DIF’s Infrastructure II fund is almost fully invested.
The Amsterdam-based infrastructure fund manager has announced a €463m second close for its latest fund, having reached €320m in May. The fund has a final target of €600m.
HICL Infrastructure Company has acquired two Private Finance Initiative school portfolios in Scotland from fellow London-based investment firm EISER Infrastructure Partners. The latter had owned the 16 schools over a six-year period.
The second major recent PPP announcement from New South Wales sees a consortium including Capella Capital in pole position for the project, which is worth A$1bn. Last week, the multi-billion North West Rail project launched an expressions of interest process for the operation of the rail link.
Investors with schemes in place to reward good performance have netted annual returns of 11% or more over the last five years.
Ashurst’s Gonzalo Jimenez Blanco (pictured) and José María Anarte offer a legal perspective on the troubles affecting Spain’s roads sector.
Three-and-a-half-years later, financial advisor Unicredit steered a club of 10 institutions to provide $960m of debt for an undersea tunnel and road linking Istanbul’s European and Asian sides. The icing on the cake: an 18-year door-to-door tenor, Turkey’s longest project financing.
The North West Rail Link project, which connects the mass transit network in Sydney with a fast-growing suburban area, last week requested expressions of interest for the delivery of carriages and operation of the link – a part of the project which is being done as a PPP.
PensionDanmark, PKA and Sampension – three of Denmark’s largest pensions – have teamed up with real estate firm DEAS and developer MT Hojgaard to invest up to €670m in Danish PPPs.
The UK continues to be the only G20 country that doesn’t give tax relief for all infrastructure assets. And thanks to the Autumn Statement’s £5bn of tax breaks, the chances of getting new infrastructure capital allowances could be slim.
The consortium, which also includes SNC-Lavalin and Veolia Transportation, will build a 13-station electric light rail line to replace on-street bus transportation in downtown Ottawa.
PwC’s Richard Abadie thinks PF2’s greater emphasis on equity will make projects more expensive, while DLA Piper’s Liam Cowell argues there ‘is nothing ground breaking’ in Chancellor George Osborne’s announcement.
Profit sharing, public sector equity stakes, less leverage, greater transparency, flexible soft facilities management contracts and faster procurement times are the headline features of PFI Mark II, the aptly named PF2 procurement framework.
Christine Galeon, who has been with the British bank for seven years, is Barclays’ new head of infrastructure and structured project finance. She replaces David Cooper, who moved to IFM in September.
Abertis, together with Brookfield, has closed on the acquisition of OHL’s Brazilian toll road assets, spanning 3,226km, in a complex transaction which will spawn a takeover. Separately, Abertis also acquired 343km of Chilean toll roads from OHL for €204m.