Andy Thomson
Balfour Beatty Capital and consortia led by Macquarie Capital and Transmission Capital Partners have been selected as preferred bidders for £700m of transmission links for seven offshore UK wind farms.
Indian developer Larsen & Toubro has been awarded the design, build, finance, operate and transfer (DBOT) contract for the Hyderabad Metro rail project. The concession for the public-private partnership runs for 30 years.
Canadian pension investors Borealis and Ontario Teachers’ Pension Plan have joined forces to bid for High Speed 1, the UK’s high-speed rail line, according to media reports. Competition is provided by at least two other bidding consortia.
In its latest half-yearly results, Italian toll road developer Atlantia has revealed the setback delivered to part of its Chilean operations following the country’s earthquake in February. Overall, the firm registered an increase in revenues and profits.
In an interim management statement released today, HSBC Infrastructure, the listed UK infrastructure investor, said it has raised additional equity capital of £41.7m through a series of tap issues over the last few months.
Spanish infrastructure group Ferrovial has revealed that the sale of a 10% stake in Canada’s 407 ETR toll road by its Cintra subsidiary will be delayed for several weeks. The sale has been held back following a recent takeover bid for Intoll, which is Ferrovial’s partner in the 407 ETR.
Eiffarie, the joint venture between French developer Eiffage and Australian investment group Macquarie Atlas Roads, announced a delisting tender offer for French toll road network APRR at the end of last week.
Details have emerged of large cuts in subsidies to Spanish solar plants, a move that was feared by investors who have piled into Spain in order to take advantage of an extremely generous regime in support of the development of the renewable energy sector.
UK developer Wates Construction has appointed Stephen Beechey as group investment director to oversee the firm’s existing and future involvement in project finance and public-private partnership schemes.
A report from the National Audit Office, which audits the UK government’s accounts, has concluded that the high cost of PFI projects enabled last year by the new Infrastructure Financing Unit were justified by the need to stimulate the economy. But going forward, the NAO recommends stricter criteria being applied to projects.