The Australian group, together with France’s Eiffage, has obtained a €2.8bn, five-year loan in addition to a €720m revolving credit facility. Moody’s deemed the refinancing ‘moderately credit positive’, but warned the toll road network’s Baa3 rating might be revised in the future.
Supermarket chain Sainsbury’s, The Duchy of Cornwall, the Rothschild family and various Middle Eastern and Asian investors are among those to have come together to provide £65m in finance for Tamar Energy, a UK start-up business that will develop a network of over 40 anaerobic digestion plants.
The Canadian pension has partnered with the Australian developer and will invest A$139m across five operational public-private partnership projects held by Plenary in Australia. The deal is La Caisse’s first direct investment in Australia, but future joint investments are on the cards.
In a seminar in London today, Luis Fernando Andrade Moreno – head of the Latin American nation’s National Infrastructure Agency – revealed that Colombia is looking to invest 3% of its GDP in transport infrastructure, up from the current 1%, by 2014. The plans include a $20bn roads PPP programme.
Manchester Airports Group is seeking to lure equity investment from private sources in order to add a fifth UK airport to its portfolio. The firm, which is thought to be targeting Stansted, is working with its local authority owners to see how any private investors could be accommodated.
The UK bank's bet on developing a fully fledged infrastructure equity platform to complement its debt activities sends a clear message to the market: Lloyds is banking on infrastructure.
The UK listed infrastructure fund, which is advised by InfraRed Capital Partners, has increased its stake in the Dorset Fire and Rescue PFI from 33.5% to 67%. The stake has been acquired from Morgan Sindall Investments.
The UK bank’s infrastructure funds team is in 'the advanced stages' of raising the equivalent of €400m for two separate sterling and dollar-denominated funds, following the successful close of its debut European greenfield infrastructure fund.
The energy investment specialist has recruited two new managing directors to its ranks. Claudi Santiago (pictured) becomes chief operating officer in London, while Irene Mavroyannis joins the firm’s investor relations group in its Greenwich, Connecticut headquarters.
The UK-based investor’s solar business has tied up €16m in bank finance to invest in 7MW of solar plants in Italy’s Latina province. Amplio Solar has now spent a total of around €120m on its 30MW portfolio.
The secondaries market can be an important tool in portfolio management – but only when pricing makes sense, the US pension’s CIO recently told PEI.
Amid a change of strategy at the firm, Umer Ahmad (pictured) has moved on from global real estate services giant CBRE. Ahmad was appointed to the post of head of infrastructure in July last year.
The recent collapse of Hungarian airliner Malev, which accounted for some 37% of Budapest Airport’s annual business, could trigger a compensation claim from the airport concessionaire of up to $3.6bn. Hochtief owns 49.7% of Budapest Airport.
Sam Newman, a 15-year Macquarie veteran, has assumed leadership of Macquarie Capital’s UK and European infrastructure debt team from Sergio Ronga (pictured), who is leaving the business at the end of this month.
The year has started inauspiciously with a number of public-private partnerships being bailed out by the UK and Australian governments. The infrastructure market will be hoping this does not become a major trend