Andy Thomson
The InfrastructureInvestor Assets global league tables for the second quarter of this year show a recovery in the availability of bank debt is gathering pace, with BNP Paribas at the head of the pack.
Almost €25bn worth of transport PPPs and concessions are in the final planning or tendering stages in France, according to a new report. Furthermore, another €32bn of such projects is planned to be launched between 2012 and 2020.
Envirogen Technologies, a US investment business owned by Amplio Group, the London-based renewable energy investor and operator, has raised $50m in equity financing for a pipeline of design, build, operate (DBO) projects in the environmental treatment sector.
Despite a slight slowing of momentum in the second quarter, the infrastructure fundraising revival is still on course, with the amount of capital raised in the first half of this year almost reaching the total for the whole of 2009.
A report from equity analysts at RBS Equities in Sydney has called for the national government to take the lead in driving forward infrastructure projects in Australia as the state governments implement cutbacks.
A subsidiary of the Indian engineering business has become an Infrastructure Finance Company, enabling it to make infrastructure loans on favourable terms. Indian infrastructure company IDFC recently took the same step.
The Egyptian private equity and infrastructure investment firm will receive up to $100m in commitments from the Overseas Private Investment Company (OPIC) after responding to a ‘call for proposals’ from the latter towards the end of last year.
In a half-year trading update, the UK construction firm has announced a better-than-expected order book while acknowledging the uncertainties arising from government cuts.
Amid continuing falls on the Australian Stock Exchange, German infrastructure firm Bilfinger Berger has postponed the planned IPO of its Australian construction business, Valemus. The IPO was expected to raise proceeds of between A$1.22bn and A$1.39bn.
The International Finance Corporation has agreed to invest $120 million in Egyptian Refining Company, a $3.7 billion oil refinery in Greater Cairo. Citadel Capital, the Cairo-based private equity firm, is a principal investor in the refinery.