Chris Josselyn
Mental Health Centre Penetanguishene has issued a request for qualifications for a PPP to develop new secure accommodation for the mentally ill. Shortlisted bidders will be invited to submit their proposals in early 2010.
Tenaska Capital Management and Energy Spectrum Partners V are backing midstream gas manager and operator Frontier Energy Services in the formation of Frontier Gas Services. The two private equity firms will make a combined investment in the new venture of at least $250m.
Babcock & Brown Power is facing the prospect of A$90m of write downs on its full year 2009 results, although it still expects earnings to meet previous expectations.
The German construction group has said it is considering the transaction as a way to close the gap between the market value and actual value of the business which manages its airport and PPP project stakes. There is no timeframe for any potential transaction.
Infrastructure orders in the UK construction industry for the full year ending in June have risen 14%, while total construction orders over the same period have fallen 27%.
Calgary-based oil and gas firm Delphi Energy has agreed to acquire natural gas infrastructure and property in North West Alberta for C$11.8m. After financial close, it intends to dispose of 40 percent of its working interest in the assets to an undisclosed third party.
A new KPMG survey of private sector infrastructure practitioners has identified government effectiveness as the top challenge in addressing infrastructure development needs.
Bovis Lend Lease has won a contract to develop 110 schools in the Sydney Archdiocese. The value of the project to the company is A$250m.
The French private equity is to acquire 15 French wind farms from Babcock & Brown International through its infrastructure fund.
The Australian listed infrastructure fund has netted A$66m after closing out its foreign exchange hedging position. It is now unhedged against foreign currency risk.