The $1.2bn infrastructure fund has acquired a minority stake in several build-operate-transfer road projects that are part of developer Supreme Infrastructure India’s portfolio. The latter has built over 400km of roads across India.
Four years after the joined the Australian toll road operator as chief executive officer, Chris Lynch announced he will step down from the company in July. A replacement has yet to be found.
The London-listed infrastructure investment firm, which is advised by InfraRed Capital Partners, is expecting to undertake a share issue in March. The money raised will pay down a revolving debt facility deployed when HICL paid £143m for PPP/PFI assets from Barclays.
Greystone Managed Investments, the large Canadian money manager, has launched a new infrastructure investment team headed by Jeff Mouland (pictured), a 19-year industry veteran whose prior roles included stints at PSPIB and Industry Funds Management.
Tiered fees are a clear example of infrastructure funds’ prioritisation of those prepared to write large cheques
The new government is against individual concessions for the two airports as well as the timing of a possible sale. Instead, it will look at valuing airports operator Aena as a whole with a view to allowing the private sector to buy into the firm in the future.
The law firm has launched a ‘fully integrated offering’ for private equity investors, infrastructure investors, sovereign wealth funds and so-called ‘alternative capital providers’, acknowledging that the investment strategies of many large, global financial investors have converged.
JLIF, the London-listed investment vehicle sponsored by developer John Laing, has acquired stakes in three social housing PFI/PPP projects from United House Group, a specialist in the field.
Global Infrastructure Partners, the US-based fund manager, is acquiring a 44.9% stake in Fluxys Switzerland from Fluxys G, the Belgian natural gas transmission firm. Fluxys G is 20%-owned by Canadian pension La Caisse.
The clock is ticking, with the Infrastructure Investor awards poll set to close at midnight tomorrow. This is a last call to those who have not yet registered their votes – do so now, or fail to influence the outcome!
The French infrastructure fund manager is planning two distinct vehicles – a €100m to €200m fund focusing on small, regional French PPPs and a mid-cap follow up to their nearly invested, €200m debut European infrastructure fund.
Vinci Concessions has been named preferred bidder for a 55-year concession contract for the design, financing, construction, operation and maintenance of the A355 western Strasbourg bypass.
The much-vaunted PPP programme in the Philippines finally appears to be gathering momentum. A request to pre-qualify for a school infrastructure project follow’s last month’s announcement of the highest bidder for an expressway link road.
The Bouygues-led consortium, which also includes French fund manager Meridiam, is the preferred bidder to build and operate a €1.8bn high-speed rail public-private partnership – the last such deal in rail agency RFF’s €13bn high-speed rail programme.
The Treasury Select Committee believes the government’s PFI reform is not going far enough as it is not addressing the incentive offered by PFI’s 'off balance sheet' accounting method, as opposed to value for money.