Bruno Alves
The Spanish government has included a series of measures in this year’s budget that will allow it to bail out several road concessionaires which ran into problems with lower than expected traffic and, more importantly, higher than expected land expropriation costs. Help comes in the form of low-interest loans from the government, increased tolls, and extensions to the concessions’ life.
The UK energy regulator has proposed a series of radical measures to secure clean energy supplies and capture the £200bn in investment the sector needs over the next decade. These measures range from the UK setting a minimum price on carbon emissions independently of the EU to the more radical creation of a central buyer of energy - effectively nationalising the sector.
The National Pension Service is planning to buy a 12% stake in London’s Gatwick Airport from Global Infrastructure Partners.
South Korea's National Pension Service will buy a 12% stake in London’s Gatwick Airport from Global Infrastructure Partners for £100m. The UK's price correction makes property in the country a 'good buying opportunity'.
The Spanish construction group has reached financial close on a 40-year contract to build and operate a new airport in Spain.
The National Pension Service is planning to buy a 12% stake in London’s Gatwick Airport from Global Infrastructure Partners for £100m. The move is part of the pension’s aim of quadrupling its international exposure as it expands its portfolio from $240bn to $400bn by 2014.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap.
Colombian state-backed electricity firm ISA has signed a contract with the Colombian government that will see it design, build, finance, operate and maintain four roads worth just under $3bn. The contract will be the first time ISA signs up to build and operate a toll road.
HgCapital Renewable Power Partners has announced the acquisition of two Spanish solar projects and an onshore wind project in the UK. The new deals take the fund’s capital value past the €1bn mark and make 2009 its most active year since closing in late 2006. Its portfolio now comprises 19 projects with a 325-megawatt capacity.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap. The fund received first-time commitments from CalPERS’ newly created infrastructure allocation and from the Oregon Public Employees Retirement Fund totalling $500m.