The UK-based professional services giant has bolstered its infrastructure team with the appointment of two new directors, who have joined the firm from fund manager EISER Infrastructure Partners and consultants Booz & Co.
The Georgia State Transportation Board has hailed the agreement of a financing methodology as a “major boost” for the Northwest Corridor road P3. The state’s Department of Transportation will provide as much as $536m of the project’s estimated $950m total cost.
Some 114 firms spanning the globe converged on Bogota this week for the official launch of an 8,000km road concessions programme. Six roads worth over $4bn will start tendering in December.
The Dallas-based fund manager has announced the completed financing of a new, 758MW natural gas power plant in Sherman, Texas. Panda Power is investing equity alongside institutional co-investors, while Goldman Sachs and Credit Suisse have arranged debt finance.
Private equity veteran John Higgins is joining the publisher of Infrastructure Investor to help strengthen its reach into the world’s largest alternative investment markets.
Deloitte has drafted Aussie national James Riddell back to Sydney after seven years in the firm’s UK office. Riddell will take a global leadership role for infrastructure M&A as well as heading the Australia/Asia practice.
Universities Superannuation Scheme has hired Steve Deeley away from UBS to serve as investment manager for infrastructure at the UK pension fund. It has also promoted senior analyst Rob Horsnall to the same position.
The Indonesia Infrastructure Guarantee Fund (IIGF), which provides government guarantees for PPP projects, is to receive technical assistance and funding.
The owner of three UK airports has concluded its search for a possible private sector investor with the announcement that Industry Funds Management is its preferred choice. However, the tie-up is conditional on MAG adding a new airport to its portfolio.
The Connecticut-based fund manager has registered SEC filings showing progress made on its Global Core Infrastructure Fund, which has a final target of $3bn. Former CPPIB infrastructure chief Graeme Bevans is head of Alinda’s core infrastructure team.
Stephen Mentzines, the former head of North American funds for Macquarie Infrastructure & Real Assets, takes up the role of chief financial officer at Sydney Airport next month. The airport is owned by MAp, which had a management agreement with Macquarie until 2009.
The SecureFuture consortium – which counts John Laing, InfraRed and the Accident Compensation Corporation as equity partners – has reached financial close on an A$840m contract to build and run a 960-bed male prison in Wiri. ANZ, BOS International and Bank of New Zealand are providing debt.
The Australian developer has launched an investigation into reporting discrepancies at Abigroup, a construction firm it inherited when it acquired Valemus from Bilfinger Berger early last year. A number of executives have been asked to step aside during the investigation.
The south-east Europe country is looking to lease its main highways to the private sector in a deal that could be worth up to €2.5 billion. Interested parties in the advisory tender should submit their expressions of interest by October 17.
Anthony Albanese, the Minister for Infrastructure and Transport in the Australian government, has been named Infrastructure Investor’s Minister of the Year for 2012. The battle-hardened politician has picked a few fights in his time, but he’s a determined advocate of infrastructure.