Bruno Alves
The global fund has received commitments of $580m and will primarily invest in greenfield assets across the globe. It is targeting a final close of $1bn.
Robbert Coomans, adviser to the €240bn Dutch pension's board, said today at Infrastructure Investor: Europe 2010 that governments need to understand that pensions can't invest in infrastructure 'just because it's good for the economy'.
A new report by the UK parliament says the PPP contract to upgrade London’s underground rail is “flawed”, adding its voice to the many that have been criticising the project. Mayor Boris Johnson has called for the government to intervene to correct the “dysfunctional” PPP contract.
A subsidiary of the French infrastructure group will be officially awarded St. Petersburg’s $1.6bn Orlovsky Tunnel PPP next week. The project, which has been in procurement since 2007, will be two-thirds financed by the public sector with the private partner to contribute the remainder.
Was it reasonable to expect anything substantial on the infrastructure front from a pre-election UK budget? Bruno Alves takes a look.
The UK waste manager, owned by Global Infrastructure Partners and Montagu Private Equity, has sent out information memoranda this week for the sale of its landfill gas unit. The sale is expected to net the company around £300m. Terra Firma and 3i are likely to be interested, according to media reports.
Robert McNamara is joining Lend Lease from US construction firm Penhall/LVI, where he is chairman and chief executive. He will take office next month as chief executive and will focus on green building and PPPs.
The French infrastructure fund manager has hired Olivier Garnier, formerly of monoline Assured Guaranty, as its chief operating officer for North America and Jean François Marco, from Antin Infrastructure Partners, as a senior investment director, based in Paris.
Australia’s Future Fund, the country’s major sovereign wealth fund, has abandoned bid talks with two Canadian pension funds that had been planning a takeover of the toll road operator. But Transurban suggests the two pension funds may yet put in a revised bid for the company.
Alistair Darling will unveil the UK budget for 2010 tomorrow, with infrastructure expected to play an important role in stimulating the economy. The latest news indicates that a £2bn green infrastructure fund is on the cards. InfrastructureInvestor.com assesses pre-budget expectations.