PPP

Peter Jolly, National Australia Bank’s global head of research, explains why the private sector is needed to help fund infrastructure projects worth $57bn in Australia in the coming decade.

The two institutional investors have acquired 55% of shares in IndInfravit, an infrastructure investment vehicle sponsored by L&T IDPL.

The GMR-Megawide tie-up, currently running the Mactan Cebu International Airport under the country’s first airport PPP, is also interested in bidding for the operation and maintenance of the Clark International Airport.

Asia’s development bank committed a record $1.7bn to infrastructure, with the lion’s share allocated to the energy sector.

The government has invited the private sector to submit proposals for the operation of the national and regional hubs it is aiming to privatise by 2020.

The vehicle, which was originally targeting €1.5bn, has already invested in seven assets, with a further two deals to be closed soon.

The successful bidder will design, build, finance, operate and maintain all rail assets, as well as lease the rolling stock to the railway operators.

The city’s board of airport commissioners approved the 30-year project that would install a light rail-type system from three terminals to three outside train stations.

A focus on quality, a streamlined approach and a strong pipeline are cause for optimism. But Pillsbury associate Golda Calonge warns it’s not all plain sailing for investors interested in the Philippines.

Orix-backed CWA will use the funds to launch a series of PPPs aimed at improving infrastructure in non-metropolitan urban centres.