www.infrastructureinvestor.com Latest news from Infrastructure Investor5www.infrastructureinvestor.com article.aspx?aid=0&article=51369The $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. www.infrastructureinvestor.com article.aspx?aid=0&article=51369Mon, 15 Mar 2010 16:25:33 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51354Business 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”. www.infrastructureinvestor.com article.aspx?aid=0&article=51354Mon, 15 Mar 2010 11:46:30 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51353The 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.www.infrastructureinvestor.com article.aspx?aid=0&article=51353Mon, 15 Mar 2010 11:00:21 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51343The 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.www.infrastructureinvestor.com article.aspx?aid=0&article=51343Sat, 13 Mar 2010 03:25:28 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51342The Fiera Axium Infrastructure Canada Limited Partnership will invest in core transportation, energy and social infrastructure assets in Canada.www.infrastructureinvestor.com article.aspx?aid=0&article=51342Sat, 13 Mar 2010 00:59:28 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51322The 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.www.infrastructureinvestor.com article.aspx?aid=0&article=51322Fri, 12 Mar 2010 12:10:22 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51321The 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%.www.infrastructureinvestor.com article.aspx?aid=0&article=51321Fri, 12 Mar 2010 12:06:25 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51310The 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.www.infrastructureinvestor.com article.aspx?aid=0&article=51310Thu, 11 Mar 2010 18:06:44 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51295The 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.www.infrastructureinvestor.com article.aspx?aid=0&article=51295Thu, 11 Mar 2010 14:44:09 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51293The Australian investor has been named preferred bidder for the FARAC III road concession, its first Mexican project following its recent first close on its debut Mexican infrastructure fund. FARAC III is expected to be officially awarded in three weeks time.www.infrastructureinvestor.com article.aspx?aid=0&article=51293Thu, 11 Mar 2010 10:50:40 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51285The UK’s PPF has sketched out a 20% allocation to alternatives, which will see the £3.9bn fund invest in private equity and infrastructure funds for the first time.www.infrastructureinvestor.com article.aspx?aid=0&article=51285Thu, 11 Mar 2010 10:29:54 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51280In 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.www.infrastructureinvestor.com article.aspx?aid=0&article=51280Thu, 11 Mar 2010 09:15:41 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51257The UK-based waste management company said a ‘final price indication’ of 120 pence per share, or 15 pence less than Carlyle’s preliminary price indication last year, was too low. Carlyle was seeking to buy the company using capital from its €5.4 billion Carlyle Europe Partners III buyout fund.www.infrastructureinvestor.com article.aspx?aid=0&article=51257Wed, 10 Mar 2010 16:37:46 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51253UK PPP arbiter Chris Bolt has set the final cost for the upgrade of London’s underground rail at £4.46bn over the next seven-and-a-half years - £460m more than the London authorities are willing to pay. Mayor Boris Johnson threatens legal action against the arbiter.www.infrastructureinvestor.com article.aspx?aid=0&article=51253Wed, 10 Mar 2010 13:43:54 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51245Australian investment manager AMP Capital has hired Boe Pahari from Foreshore Global Capital to head its infrastructure investments in the Asia Pacific region. It is a new role at the firm.www.infrastructureinvestor.com article.aspx?aid=0&article=51245Wed, 10 Mar 2010 07:47:30 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51232Gaurav Gupta, a former Nomura executive, will head Macquarie’s investment banking advisory business in India. www.infrastructureinvestor.com article.aspx?aid=0&article=51232Tue, 09 Mar 2010 23:19:02 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51225Earl Mahfuz, the state’s new PPP director, said in an interview that Georgia’s first project, the $2.3bn ‘West by Northwest’ toll road development is being modeled after the North Tarrant Express in Texas. Both projects will share the use of pre-development agreements, managed lanes and financing techniques.www.infrastructureinvestor.com article.aspx?aid=0&article=51225Tue, 09 Mar 2010 18:36:06 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51200Concessionaires are expected to agree to channel refinancing gains to help mitigate the increased availability payments they will receive from roads agency Estradas de Portugal. www.infrastructureinvestor.com article.aspx?aid=0&article=51200Tue, 09 Mar 2010 11:12:56 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51199In the March 2010 issue of Infrastructure Investor magazine, Alinda Capital Partners’ managing partner Christopher Beale claims that the bubble years were effectively a 'laboratory experiment' for infrastructure investment. When GPs misplaced the fundamentals of sound investing, the experiment went wrong. www.infrastructureinvestor.com article.aspx?aid=0&article=51199Tue, 09 Mar 2010 10:58:52 GMTwww.infrastructureinvestor.com article.aspx?aid=0&article=51198The Scandinavian country’s first rail PPP, worth €660m, is moving forward with the Finnish rail authority having appointed legal and financial advisers for the project earlier this month. Initial offers are expected in September this year.www.infrastructureinvestor.com article.aspx?aid=0&article=51198Tue, 09 Mar 2010 10:00:27 GMT