Greenfield

The UK developer is offloading its project management business to HCP Management Services as it turns its focus on greenfield projects.

If underinvestment continues at its current pace the world will face an annual shortfall of $350bn by 2030, McKinsey warns.

IFC affiliates and two fund managers have backed the developer as it seeks to expand Lekela Power, a joint venture it launched last year alongside Actis.

Cosette Canilao is one of the senior figures joining the UK consultancy's new infrastructure advisory business alongside KPMG and McKinsey alumni.

A Meridiam-led consortium has passed another milestone on the $2bn light rail project three months after being awarded the contract.

The two firms are also looking to partner on other infrastructure projects including toll roads and train assets.

Australia’s Queensland government will also use A$4bn from the public servants’ superannuation scheme to reduce debt and invest in infrastructure in this year’s budget.

The loan will help TPG and Tillman-backed Apollo Tower build 2,000 more mobile masts as the company seeks to expand its coverage to the country's rural areas.

The world’s biggest bank is also considering setting up an infrastructure fund to invest in Asian projects under the One Belt One Road initiative.

The Danish offshore wind developer is Europe’s biggest IPO so far this year, with Goldman Sachs and ATP emerging as significant shareholders.