PPP

Firms including Tetris Capital, Capella Capital and Plenary Group among shortlisted bidders for A$1.5bn Footscray Hospital PPP.

The consortium is on track to recoup its $1.15bn investment by 2021 – just 12 years after being awarded a 75-year lease to operate the city’s on-street meters. But it still can’t shake the stigma of a bad PPP. 

One of the world’s most prominent direct investors is trying to prove it can do much more than back projects with capital by developing a C$6.3bn greenfield project in Montreal.

The debut infra vehicle is aiming to purchase two Australian transportation PPPs from the Japanese trading house by November.

The move is the first in Europe by the fund, which last month reached $1.6bn of commitments.

Committee for Sydney says the next set of projects has stalled and urges the state government to take action in order to avoid ‘a one-time infrastructure boom’.

The winning bidder for the North East Link PPP will design and build twin tunnels under the Yarra River and assume responsibility for maintaining a stretch of road for up to 25 years.

The public agency should consider launching a new BOT model to speed up privatisation and tackle its $24bn in debt, ratings agency ICRA says.

The firm will purchase the stake in the availability-based PPP from InfraRed Capital Partners via its Community Infrastructure Fund, taking the size of that vehicle toward A$1bn.