15 Mar 2010 11:44 GMT Business secretary Peter Mandelson said in a speech last week that private sector funding for UK infrastructure will have to be mobilised on “a totally new scale”. And for that to happen, the government has to examine “the case for public sector-backed financial institutions to achieve this mobilisation”. ...more>>
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15 Mar 2010 11:00 GMT The Mexican authorities have informed bidders for the FARAC III road concession that none of their offers met the required terms. The announcement came after transport operator Ascendi told the Portuguese stock exchange that it - together with Macquarie and CCR - was on track to win the concession....more>>
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15 Mar 2010 16:25 GMT The $451m Cebu Power project - the ‘first ever internationally financed merchant power project in the Philippines’ – has received substantial bank finance. The first of two planned units designed to alleviate power shortages is due to become operational in about a year’s time. ...more>>
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13 Mar 2010 00:56 GMT The Fiera Axium Infrastructure Canada Limited Partnership will invest in core transportation, energy and social infrastructure assets in Canada....more>>
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12 Mar 2010 15:22 GMT The city’s 9-member city council advanced a bill to study other options for shoring-up Pittsburgh’s underfunded pension besides a PPP, including a transfer of parking assets into the pension. Council Member Natalia Rudiak said she would ‘prefer to have any unknowns cleared up now’ instead of after the city does a PPP....more>>
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12 Mar 2010 12:09 GMT The Spanish infrastructure group has said it wants to sell a 10% stake in Canada’s 407 ETR toll road, owned by subsidiary Cintra. This would reduce Cintra’s stake in the road to 43%, with analysts saying it should have little problem netting €500m for the sale....more>>
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12 Mar 2010 12:05 GMT The consortium has paid just over €800m for Vattenfall’s German grid in a joint bid that will give Belgian transmission operator Elia a 60% stake in the grid with Australia’s Industry Funds Management owning the remaining 40%....more>>
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11 Mar 2010 18:01 GMT The undisclosed pension bought into the bond financing of the 183A toll road expansion in Austin, Texas, the first issuance of non-investment grade, CPI-linked Build America Bonds in the US. Investment bank JPMorgan, which placed the bonds, believes the financing is ‘a formula that can be replicated all over’ the US....more>>
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11 Mar 2010 14:42 GMT The government unveiled plans earlier today to build a 335-mile, £30bn high-speed rail network across the UK, dubbed the ‘fourth transport revolution’. Importantly, the door has been opened for the private sector to play a part in funding it....more>>
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11 Mar 2010 09:15 GMT In a sign that the private equity firm is placing increased focus on the asset class, AXA Private Equity could double its infrastructure assets under management with its latest fundraise....more>>
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