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03 Jul 2009 15:50 GMT A subsidiary of Canadian engineering group SNC-Lavalin has agreed to acquire a 20 percent interest in Astoria Energy II, a project to develop, own and operate a new natural gas power generation plant in New York City. The company is paying around $70m for the interest in the 20-year concession.
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03 Jul 2009 11:42 GMT The European Investment Bank is lending £360m to the UK’s National Grid to help upgrade its gas distribution networks. In separate news, it is also guaranteeing €100m of finance which will go towards Montenegrin infrastructure projects.
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03 Jul 2009 10:46 GMT Douglas Oakervee is to lead the firm’s business development in Hong Kong and the surrounding regions. The former Crossrail chairman will join Laing O’Rourke in September.
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03 Jul 2009 07:05 GMT The investment will be used to expand the telecommunications operator's East African operations.
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02 Jul 2009 21:01 GMT The firm’s Brazilian toll road subsidiary will use the money to keep capital expenditures flowing on five federal toll road concessions it was awarded in 2007. Approximately half the amount has already been disbursed and the remainder will be paid out before the end of the year.
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02 Jul 2009 10:03 GMT The loan will be used for a $187.2m project aimed at improving the autonomous Chinese region's urban infrastructure.
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02 Jul 2009 15:03 GMT CIMB Standard, the joint venture private equity and infrastructure platform of CIMB Group and Standard Bank, is to manage an incoming infrastructure fund aimed at investing in Asia’s “emerging countries”. The vehicle already has $250 million of equity commitments from its sponsors.
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01 Jul 2009 01:45 GMT Limited partners should cast aside traditional categorisations of risk and re-think expected returns and fees, according to a white paper published by the placement agent. The paper also identifies 70 funds in the market for $100bn, of which 55 are first-time managers.
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01 Jul 2009 15:48 GMT The International Finance Corporation has acquired a 15 percent stake in airport concession company TAV Tunisia for €28 million. The company is currently involved in developing the first two airport PPPs in North Africa.
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01 Jul 2009 11:52 GMT The UK’s Universities Superannuation Scheme along with CP2, Gartmore Investments, Magellan Asset Management, New Jersey Division of Investment and rpmi Railpen Investments -which together own 4% of Spanish toll road operator Cintra - have signed a new shareholder agreement underlining "deep concerns" about plans to merge it with Cintra’s parent company, Ferrovial.
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