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Spriha Srivastava

The government of New Zealand has decided to build a new prison under a public-private partnership in South Auckland. The government has called for expressions of interest from private bidders to design, construct, finance, maintain and operate the project.
The UK-listed specialist investment manager, Impax Asset Management Group, has announced the second closing of its European renewable private equity fund on €259m. In related news, the group has been chosen by a Danish pension fund to manage a €75m listed equity account.
Canadian engineering firm SNC Lavalin has made an investment of $36m in a 188-km highway project in southern India. The project, which has a total cost of $368.9m, is SNC Lavalin’s first investment in the roads sector in India.
A £70m investment fund has been set up by the Scottish government to improve ports and leverage significant private sector investment in the next four years. The fund aims to create 28,000 jobs and generate £7.1bn for the country’s economy.
Spanish infrastructure group Ferrovial has agreed to sell its airport ground handling company Swissport International to Paris-based private equity firm PAI Partners for €654m. The transaction is expected to close by the end of the year following approval from the competition authorities.
Montreal-based engineering firm SNC Lavalin has sold its 11.1% stake in investment firm Trencap to Canadian pension, Caisse de Depot et placement du Quebec. The stake was sold for $116.5m.
Canadian alternative asset manager IAM Group has appointed John Walker to establish a new business arm focusing on infrastructure. The unit will develop international partnerships with institutional investors.
US-based energy investors, Panda Power Funds and Con Edison Development, have invested in a 20-megawatt solar power plant in New Jersey. The facility is said to be one of the largest solar farms in the US and has the capacity to power more than 5,100 homes.
InfraCo, an infrastructure financing and development group, has launched in Asia. The company aims to bridge a development gap in South and Southeast Asia by providing early-stage capital to infrastructure projects.
The Indian central bank has approved an application from Macquarie Group to operate as a Non Banking Financial Company in India. Macquarie Finance India, a 100 percent subsidiary of the Macquarie Group, is expected to start operations by the end of the year.

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