Nia Tam
CGN will pay $2.3bn for Edra Global Energy, short of the Malaysian fund's $3bn target but enough to make it this year's largest M&A deal in the country.
Valued at approximately A$5 billion, the project will involve the construction of twin nine-kilometre tunnels and five underground stations.
The two parties will launch a $6bn infrastructure fund and provide $10bn in co-financing for sovereign borrowers over the next five years.
Canberra has received 77 expressions of interest for its A$100m large-scale solar funding initiative.
Targeting institutional investors, the vehicle is expected to be traded on the country’s stock exchange.
The sale is part of the country’s plan to raise more than $10bn through divestments to fund new infrastructure projects.
The World Bank affiliate has agreed to deploy $188m through three investments in the sector,
The institution is one of several UAE-based sovereigns being courted by the country’s government as it looks to kick-start projects.
The Canadian pension is making its first direct Indian infrastructure investment with the acquisition of Reliance Infrastructure's Mumbai power business.
Ratch is looking to acquire three large power projects in Indonesia, Laos and China while developing seven solar farms in Thailand.