Yvette Choo

The World Bank’s private investment arm aims to structure a public-private partnership which will modernise and upgrade the Prince Mohammed bin Abdulaziz International Airport.

Chen Fan has left the bank's private equity arm to ‘pursue his own interests’.

Gujarat-based Adani Power had previously withdrawn plans to list in May 2008 as market conditions were not ideal. It was 3i's maiden deal from its 3i India Infrastructure Fund, which closed on $1.2bn in April 2008. Approval for the listing will take at least a month.

Sabarmati Gas is reportedly selling a 50 percent stake to a consortium of investors including the New Delhi-based financial consultancy, UTI India Infrastructure Development Seed Asset and IDFC Project Equity.

The fund is reportedly targeting Rs5 billion and will primarily target unlisted infrastructure companies

The fund will enable China and ASEAN countries to cooperate on investments across infrastructure, energy and resources, information and communications.

The joint-ASEAN fund would use Asian countries’ excess foreign reserves to invest in infrastructure networks.

The SEAF India Agribusiness Fund expects to hold a first close on $35m by May.

SBI, Macquarie and IFC each committed $150m to the fund while the rest was raised from international investors.

The Indonesian Infrastructure Financing Facility will provide financial assistance in the form of long-dated debt instruments, equity or guarantees for infrastructure projects in the country.