Andrew Vitelli
The money, split between outside and existing SMA investors, would add to the PFI’s $20bn anchor commitment
The developing world posted $36.7bn in private sector infrastructure investment in the first half of 2017, well below average but an improvement on last year’s numbers.
The UN-backed vehicle has partnered EBRD to finance two plants with a combined 80MW capacity in the Benban park.
The platform’s Multi-Strategy Infrastructure Fund bought the six UK solar plants in February from China-based Trina Solar.
Moody’s expects to see several ‘innovative, precedent-setting credit enhanced transactions’ backing developing world infrastructure in the next 18 months.
Leif Dormsjo, who left the district’s transportation department in August, will help grow the firm’s PPP activity.
There is a much higher failure rate among public-private partnerships that are based on non-availability payments – with 13.7% failing within 10 years, according to a study by Moody’s.
The London-based asset manager will target core and ‘evolving’ infrastructure, with more than half its capital dedicated to North America.
A subsidiary of Texas-based Quanta Services, the debut vehicle also has $2bn in non-discretionary co-investment capital.
Despite growing interest, PPP growth is held back by political constraints, the ratings agency cautions.