Nia Tam
The GMR-Megawide tie-up, currently running the Mactan Cebu International Airport under the country’s first airport PPP, is also interested in bidding for the operation and maintenance of the Clark International Airport.
Asia’s development bank committed a record $1.7bn to infrastructure, with the lion’s share allocated to the energy sector.
The government has invited the private sector to submit proposals for the operation of the national and regional hubs it is aiming to privatise by 2020.
In its annual report, Abu Dhabi’s sovereign wealth fund says the outlook for infrastructure asset valuations will be less certain in 2018, given political factors and policy considerations.
Germany’s wpd has been selected to connect 1GW of capacity, while Ørsted and CIP will push forward with 900MW each.
CGN Private Equity is getting 20%-plus returns from operating renewable assets, but CEO Raymond Fung warns there’s only a five-to-seven-year window before these assets get commoditised and Chinese capital catches on to the opportunity.
Raymond Fung, chief executive of CGN Private Equity, tells us on how the world’s largest renewables market is moving towards a more distributed model in the next few years.
As head of the group’s newly established infrastructure business, Grant Dooley is planning to build a five-strong core team in the short term and launch its maiden vehicle this year.
Glen Matsumoto, head of infrastructure at Actis, predicts investors that are already not targeting these assets will be doing so in the next three-to-five years.
The successful bidder will design, build, finance, operate and maintain all rail assets, as well as lease the rolling stock to the railway operators.