Spriha Srivastava
The Turkish government has initiated the privatisation of four highways and two bridges across the country. The government hopes to complete the privatisation programme by the end of 2012.
UK prime minister David Cameron has launched a National Infrastructure Plan to help unlock £200bn of public and private sector capital over the next five years. He said the plan aims to update and modernise the country’s infrastructure.
Renewable energy investment firm Good Energies and infrastructure fund manager NIBC Infrastructure Partners have reached an agreement to acquire two German solar photovoltaic plants from Q-Cells. A financial close on the agreement is expected by end of the year.
Speaking at a business forum in Tokyo, Indian prime minister Manmohan Singh urged Japanese companies to invest in infrastructure projects in India while observing that the infrastructure deficit poses a major constraint to India’s growth.
The Indian road developer is planning to raise $11m by floating its shares in the market through an initial public offer. The issue is expected to open on November 15 with proceeds to be used for investments in infrastructure projects.
Recent donations have propelled the Marathon of Marathons fundraising effort to €1.4m. Seven more firms have joined the Supporters Club in the past few weeks taking the fundraising effort past the halfway mark towards its €2.5m target.
The UK-listed infrastructure investor has acquired additional stakes in the Oxford John Radcliffe Hospital project and has also completed an incremental acquisition in the Queen Alexandra Hospital for a total of £27.3m. HCIL also plans to issue C shares, which should begin trading in mid-December.
A BNP Paribas fund has reached financial close on a €93.5m senior debt for the construction of a 30-megawatt solar photovoltaic power plant in Italy. The project is expected to be operational in the first quarter of 2011.
BAM PPP, Dexia, Eiffage, DG Infra+ and several Belgium developers are among the shortlisted bidders for the construction of four new prisons in the Flanders and Walloon regions. The prisons will cost between €60m and €80m each and will comprise up to 1,600 new cells.
Brookfield Infrastructure Partners said Prime shareholders will receive an additional A$0.20 cash for each share they tender in the two companies' merger. Brookfield said it expects major Prime shareholders to vote for the deal.