Chris Glynn
The Canada Pension Plan Investment Board is now the biggest pension fund in Canada with C$161bn. Its infrastructure investment paid off handsomely, returning 12.8%.
The company will now handle wastewater treatment for a community of one million. United Water is also going to assist the county in a search to find an investor for its infrastructure.
Canada Pension Plan Investment Board head David Denison credited the asset class for growing the pension fund system in Canada. He also advised consolidation amongst the UK pension system.
The so-called ‘Northwest Corridor Project’ is a reincarnation of the heralded ‘West by Northwest’ PPP that was terminated in 2011. A RFQ is planned for June.
Capstone will pay off debt using cash generated from its sale of 20% of Bristol Water. The UK water utility marked the first-ever non-energy Capstone investment.
The Canada Pension Plan Investment Board is eager to capitalise on a promising infrastructure market in Europe. The C$155bn pension fund had earlier voiced its bullishness on Australia.
Iain Duncan has been made a partner at law firm Simmons & Simmons in London. Duncan is experienced in areas such as energy and surface transportation.
John Fenton, who took over Metrolink after a deadly 2008 collision, has been appointed boss of SteelRiver-owned Patriot Rail. Fenton has private sector experience. SteelRiver bought 100% of Patriot Tuesday.
The Puerto Rico Public-Private Partnerships Authority (PPPA) set Monday, May 7, as the due date for a RFQ on its first-ever social infrastructure project. The original deadline for the RFQ was May 4.
Experience in energy related law has become a prized asset in project finance. Kaye Scholer, Akin Gump and Nossaman have been actively staffing up.