Policy

Peter Stonor, a veteran infrastructure banker who has worked for Macquarie and RBS, is new global head of infrastructure for VTB Capital. The investment bank, based in Russia, has rapidly expanded in 2012.

Traditional fixed income and equity investing is failing to deliver. And infrastructure is positioned to gobble up disillusioned institutional capital, according to industry personnel.

Congressman John Mica is adamant that the private sector can do a better job with US infrastructure. Convincing big government of that is his mission.

A white paper from minister of infrastructure and transportation Anthony Albanese suggested alternative financing, including off-balance sheet accounting, is needed to support the asset class in Australia.

The consultant and government contractor had been pursing KPMG infrastructure expert Ed Crooks ‘for a while’. His appointment will help Booz Allen Hamilton strengthen its reputation for thought-leadership.

Europe is in need of private capital, while China and India, despite slowing growth, remain strong infrastructure markets, according to a report authored by AMP Capital.

The French fund manager is due to raise €1 billion by the end of November, with a further big-ticket commitment expected before the year is out. The potential sale of AXA Private Equity, expected to be concluded in November, might cause some delays to fundraising though.

The government of New Zealand has decided to build a new prison under a public-private partnership in South Auckland. The government has called for expressions of interest from private bidders to design, construct, finance, maintain and operate the project.

A £70m investment fund has been set up by the Scottish government to improve ports and leverage significant private sector investment in the next four years. The fund aims to create 28,000 jobs and generate £7.1bn for the country’s economy.

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.