Andy Thomson
A consortium including the German developer has won the contract to build a new prison facility in Victoria, Australia. The project is the first Victorian public-private partnership to be awarded under new Australian PPP guidelines.
The two infrastructure funds and the port operator have cited economic uncertainty and the difficulty in valuing the target’s assets as the reasons for declining to pursue a takeover of the Scottish ports owner. The consortium, which owns a combined 27.4% stake in Forth, had seen three offers rejected.
The Conservative-Liberal Democrat coalition government has officially set in motion its plan to abolish the Infrastructure Planning Commission, an organisation that was launched by the previous, Labour government last year with the aim of speeding up planning approval for large infrastructure projects considered to be of national importance.
ASEC Cement and TAQA Arabia, two firms owned by Citadel Capital, have formed a joint venture in Sudan that will provide electricity for a greenfield cement plant owned by ASEC.
A new focus on value for money for consumers is making the nature of regulatory risk more unpredictable.
The opening of the new Terminal B at Dubrovnik airport, the third-largest airport in Croatia, follows a €23.5m private financing led by Erste Bank, the Vienna-based banking group focused on Central and Eastern Europe.
Mid Europa Partners, the London-based private equity firm focused on Central and Eastern Europe, has made its first investment in renewable energy since the firm decided to make it a core target sector nine months ago.
Why investors in public-private partnerships say they will not be deterred by fears of sovereign defaults.
The overground and underground rail public-private partnership (PPP) is scheduled to be operational in 2016. The EIB’s proposed loan would account for 8% of the total financing for the €6bn project.
Sir Adrian Montague has been appointed as the new chairman of listed UK investment group 3i, replacing Baroness Hogg. Montague has extensive experience of infrastructure.