Spriha Srivastava
The Sydney toll road – owned by Transurban, Macquarie and the Queensland Investment Corporation – has successfully refinanced A$505m of debt. Seven financial institutions helped close the deal.
The non-banking financial arm of Larsen & Toubro Group is planning on launching an initial public offering to raise INR15bn. The amount raised will be used to fund capital requirements in both L&T Finance and L&T Infra Finance.
Indian transport minister Kamal Nath has signed a memorandum of understanding with Britain’s Transport secretary, Philip Hammond, to cooperate in road transportation. Speaking at an event in London, Nath said India is getting ready to award 10,000 km of road concessions by year end.
In order to attract more foreign funds into the country’s infrastructure sector, the Indian government has increased the current limit on investments made by Foreign Institutional Investors (FIIs) in government and corporate bonds by $5bn each.
World Bank’s International Finance Corporation (IFC) is helping the state of Gujarat in India to design and build a solar power project on a public-private partnership (PPP) basis. The entire project, which is divided into two phases, aims to generate 40 megawatts of power for nearly 100,000 households.
New Zealanders prefer public-private partnerships (PPPs) as a faster way of funding infrastructure projects, according to a survey by New Zealand Business Council. The survey was conducted to help guide people elected to councils at upcoming local elections in the country.
The Swiss private investment manager has closed a direct investment in Australia’s Newcastle Coal Infrastructure Group for the building and operation of a coal export terminal. Partners will make a subordinated debt investment of A$27m in NCIG to support the second stage of development.
DIF Infrastructure II has acquired 85 percent of 10 solar projects in southern France with an installed capacity of 20 megawatts. The fund has already achieved financial close on five of the projects which are currently under construction.
India’s Infrastructure Development Finance Company (IDFC) is expected to launch the first tranche of its tax-free infrastructure bonds in the first week of October. The infrastructure lender is aiming to raise up to INR34bn which will be used for lending to infrastructure projects.
KSK Energy Ventures, a listed Indian subsidiary of London-based KSK Power Ventures, has secured total capital of $3.6bn to build a 3,600-megawatt thermal power project in central India.