Australian fund manager ICG took ownership of Tas Gas and other utility businesses operated by Enwave in a A$420m deal.
The change in ownership comes as the PPP consortium reached contractual close with the NSW state government on an extension of the project.
The Silvertown Tunnel project was pursued by Transport for London, rather than the UK’s central government, which last year abolished PPPs.
The Chinese investment bank's first fund closed the acquisition of a 7.16 percent stake in the Jinan-Qingdao high-speed railway line in October.
The $1.6bn project is being jointly developed with Thailand´s Gulf Energy Development, and has been backed by a consortium of 16 lenders.
Undertakings by ANZ Terminals to divest a facility in South Australia and to exclude a facility at Port Kembla from the deal alleviates competition concerns, the competition watchdog said.
The project marks the beginning of the Swiss fund manager’s partnership with Perth-based Starling Energy, a manager of distributed energy assets.
The firm is part of a consortium of 20 international and local lenders that will provide project financing for the Macquarie Capital-backed Formosa II.
The development bank hopes the loan will catalyse private capital into the country’s infrastructure sector which faces a gap in excess of $70bn per year.
IFM chief executive Brett Himbury says deals at such a large scale see ‘improved’ risk-return dynamics compared with others at a lower ticket.