Spriha Srivastava
The Austrian construction company has won a 25-year, €160m PPP contract to build three schools in the city of Mülheim, in northern Germany. WGZ-Bank, SEB and NRW-Bank are providing debt for the deal.
DIF Infrastructure II has acquired a new onshore wind project in Germany with a total capacity of eight megawatts.
Srei BNP Paribas has signed a loan agreement with Singapore’s DBS Bank to raise $50m as external commercial borrowings. The funds will be used to finance the purchase of infrastructure equipment in India.
The Scandinavian country’s first hospital PPP saw its total cost lowered by SEK2bn to guarantee broad political support for the project. This has led Skanska, which won the contract together with Innisfree, to cut its equity allocation to SEK600m from an original SEK650m.
A memorandum of understanding has been signed between the Indian and Egyptian construction companies primarily for bidding and developing road projects in India. The two companies, apart from road development, will also explore other areas of investment in the country.
In a recent survey by a London-based consultancy, infrastructure tops the list as the most favoured asset class for institutional investors. Nearly 40% of surveyed investors say they will increase their infrastructure allocation over the next three years.
A loan of €20m will be provided for the setting up of an integrated power plant in the country. The loan marks the first involvement of the Asian Development Bank in a private sector infrastructure project in Central Asia.
Canadian infrastructure fund manager Fiera Axium has reached financial closing of a public-private partnership with the Québec government to build a state-of-the-art educational facility in Montréal. Fiera’s investment - alongside Paris-based fund manager Meridiam Infrastructure - is the first from its new fund, which recently posted a first close on C$175m.
Polish billionaire Jan Kulczyk has reportedy made a bid, backed by unnamed global infrastructure funds, to buy over 80% of state-owned utility Energa. The Polish Treasury Ministry is said to have received eight offers after the government decided to sell five Polish utilities to reduce its budget deficit.
Government officials in Greece met to kick off their privatisation plan in order to raise €3bn in the next three years. The country has already started considering the sectors to be targeted for privatisation.