In seeking greater private investment in the country’s roads, will the UK government adopt an Australian model that has proved both attractive and potentially perilous?
The perception that the global econonomic downturn has led governments to focus effectively on infrastructure investment as a way of driving growth is challenged by a new survey from KPMG. Less than half of those surveyed think government policies in this area will have a positive impact.
Kamal Nath (pictured), India’s minister for urban development, has called for a ramping up of public-private partnership activity in the country’s water and waste management sectors. He hailed existing water PPPs in several cities for their ‘excellent service outcomes’.
Caiman Energy – which is backed by US fund managers EnCap Flatrock Midstream and Highstar Capital – is selling wholly owned gas gathering and processing subsidiary Caiman Eastern Midstream to Williams Partners, a master limited partnership focused on natural gas transportation.
The UK government is undertaking a feasibility study to look at ways of utilising private investment to improve Britain’s roads network. The study, which will report back in the autumn, is expected to consider more tolls, shadow tolls and other types of funding.
Subsidiaries of France’s Aeroports de Paris and Bouygues – together with Croatia’s Viadukt – comprise the consortium selected as the preferred bidder for the €324m contract to more than double passenger capacity at Croatia’s Zagreb Airport.
The Paris-based fund manager has reached commercial close on its debut investment in the country. The 30-year concession for the design, construction, financing and operation of 40km of the A334 freeway sees the firm team with Acciona and Cintra/Ferrovial.
Politicians – and their decisions – had a big influence on proceedings at this year’s Infrastructure Investor Berlin summit.
NewWorld Capital, a New York-based private equity firm that was founded three years ago by executives from the likes of Goldman Sachs and McKinsey, has launched a new environmental infrastructure fund backed by funds of funds manager North Sky Capital.
While admitting that much of the recent criticism lobbed at the UK's PFI programme has been politically motivated, Balfour Beatty's Anthony Rabin recognised the procurement framework can be improved.
Former Hungarian Prime Minister Gordon Bajnai warned at Infrastructure Investor Berlin 2012 that the biggest threat to private sector investment in infrastructure is not financial, but rather how to reconcile the short-term electoral cycle with the asset class' long-term horizon.
The InfraRed Capital Partners chief executive explains why his firm has evolved from being almost exclusively focused on the UK to having a growing presence in other markets including Asia and North America.
The monoline’s European boss, Dominic Nathan, sees Assured Guaranty as part of ‘a world of four or five competing, but different, solutions that will be the facilitators of the capital markets’.
The New Zealand infrastructure investment firm announced during an ‘investor day’ presentation yesterday that it plans to sell Prestwick Airport, near Glasgow in Scotland, and Manston Airport in Kent, England.
The UK's £3bn Green Investment Bank will be have its administrative headquarters in Edinburgh with its main transaction team based in London. 3i's Sir Adrian Montague is helping to set up the bank.