Australia

The energy developer, backed by Denham Capital, will begin construction of stage two of the 212MW Lincoln Gap project later this year after securing $116m in debt financing.

The ACCC, Australia’s competition watchdog, intervenes six years after the ports portfolio was privatised by the New South Wales government, which will not face legal proceedings.

The Sydney-based fund manager is on track to hit fundraising targets for its first dedicated infrastructure vehicle.

Vehicles operating in the space are increasingly targeting sustainable projects due to LP demand and goals set by the United Nations.

The Sydney-based fund manager turned to the Japanese market, with the debt facility underwritten by MUFG.

Asset manager Long-Term Asset Partners is led by directors with extensive infra and logistics experience, which suggests the acquisition is being viewed as an infrastructure play.

The Labor government won re-election in a landslide last week and is pushing ahead with a spending spree on a raft of infrastructure projects.

The firm is targeting more deals in the sector, to which it is aiming to commit 20%-25% of its Diversified Infrastructure Trust.

Opposition leader Bill Shorten has promised to pursue a ‘bipartisan market mechanism’ such as the National Energy Guarantee if his party wins power in 2019.

'How can you have a $7bn business where performance has been very strong over 20 years, then have to shut the thing down?' asked one former director. We take a look at how it got to this point and the lessons learnt.