Eduard Fernandez

A pension fund investment in a UK motorway service station operator underlines the aggressive pricing practices that might be turning investors off more traditional infrastructure.

More deregulation and introduction of tax incentives are expected to attract private capital, but risks, including corruption, remain.

‘Very aggressive’ cashflow assumptions and valuations calculated based on desired returns are being used to lure buyers, LPs say.

Local governments will be able to use proceeds from special-purpose bonds as project capital, as the country tries to stimulate economic growth.

The 216MW run-of-river project, expected to increase power supplies by a third, had to be redesigned after a 2015 earthquake destroyed early construction works.

Company cites preparatory work over the supply chain, including local content requirements, for delay over Taiwan’s 640MW wind project.

The National Investment and Infrastructure Fund’s managing director, Sujoy Bose, explains how the government-backed GP expects to lure investors.

Claiming investment needs ‘can’t be met by a handful of institutional investors’, the Swiss asset manager is offering its open-ended listed fund to retail investors.

Once fundraising kicks off, CGN’s private equity arm and the infra-focused investment firm will look to divest the portfolio of their first renewables vehicle, the 2015-vintage CGN Capital Partners Infrastructure Fund III.

The National Investment and Infrastructure Fund’s managing director, Sujoy Bose, explains to Eduard Fernández how the government-backed GP expects to lure investors