Spriha Srivastava
GMR Airports Holding, a subsidiary of Indian infrastructure firm GMR Infrastructure, is planning to raise a total of $200m from a share sale to Macquarie SBI Infrastructure Investment. Besides acquiring GMR Infrastructure’s stakes in Delhi and Hyderabad airports, the funds will be used for expansion in the airport sector generally.
The World Bank has offered to finance 18 development projects in Egypt, through loans totalling $3.2bn, in addition to 10 grants worth $66.2m.
The Sri Lankan Ports Authorities (SLPA) has confirmed that it will invite investors for the second phase of its Hambantota Port Project. While the first phase of the project is already nearing completion, the second phase will be completed in three and a half years.
The Abu Dhabi Investment Authority (ADIA) is part of an investor group seeking to buy UK’s high-speed rail link to the Channel Tunnel, according to reports. The sale is expected to bring in £1.5bn to £2bn.
The French construction giant will bolster its airport portfolio with a deal to design, finance, build, operate and maintain the Notre-Dame des Landes airport in Western France
The infrastructure fund will buy a 12% stake in the Indian power developer for roughly $27m. It will be the second investor to buy into Adhunik, after IDFC Project Equity Fund.
The government of Ireland has announced an infrastructure stimulus plan of €40bn between now and 2016. A report from the finance ministry states that a significant proportion of the investment will come from the private sector.
The Indian government is planning an $11bn debt fund in order to help finance the country’s power shortage. The fund is still in its planning stages and is expected to attract both domestic and foreign investors.
Private sector entities can now construct, operate and maintain railway tracks in the country under the railway ministry’s new policy of promoting investment in rail infrastructure projects.
Old and traditional approaches to infrastructure funding should give way to an innovative and creative approach in order to narrow infrastructure gaps, according to a report on infrastructure published by Deloitte. A second report compares the changing trends in infrastructure funding pre and post the credit crisis.