Nia Tam

The four regional hubs were part of a PPP tender launched in 2014, which the government cancelled last year.

New South Wales and Victoria have agreed to sell their stakes in the hydro scheme for nearly $5bn, which they will invest in other infrastructure projects.

With a bid that exceeded the governing body’s target by nearly 50%, MIRA secured a 30-year contract to manage nine national highways – the first bundle the country has privatised.

HNA Group’s financial unit will use the two new vehicles to invest in infrastructure and financial services in the region.

The series of moves in the country follows the company’s growth plans announced last June, as it received $1.2bn commitments from the Canadian pension and Riverstone.

This is the second infrastructure mandate awarded by the world’s largest pension, as it plans to spend more on alternative assets.

The Australian fund manager is buying the 50% it does not already own of the Port of Portland, days after taking sole ownership of Ross River Solar Farm.

The industrial conglomerate is also planning to sell a number of ‘peripheral utilities assets’ for $380m, while looking to nearly double its renewables portfolio worldwide to 4GW by 2022.

The US fund manager has sent a team of operations and management experts to help the transition of Equis Energy to its ownership as the acquisition was closed last month.

QIC, DIF and Plenary Group are among those competing for the $4bn PPP, which Queensland describes as the state’s ‘highest priority’ infrastructure project.