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All foreign transactions will be subject to FIRB review, a process that will now take six months instead of 30 days.
The UK government has decided to assess financial support for airports during covid-19 on a case-by-case basis, rather than providing a wholesale support package.
The 2020 Budget is one of the UK’s largest capital investment programmes ever, which will draw plenty of intrigue from infrastructure investors.
The two more established technologies have been excluded from new capacity auctions since 2015, but are now set to re-enter the fray.
Infrastructure Australia has put an emphasis on resilience in its 2020 Priority List, but investors note that there are high levels of competition for a limited number of assets.
London UK
In our final Deep Dive instalment, we look at the UK, the first to emphatically reject PPPs, and find an unresolved debate on value-for-money and poorly shared refinancing gains as lessons to be learned.
The US presidential candidate unveiled a ‘community-driven’ plan that would encourage local governments to fix existing infrastructure and invest in major, long-term projects.
Number 10 Downing Street
The UK government’s ‘infrastructure revolution’ could come with a change to how Treasury assesses projects’ value for money. That would help explain why the private sector’s role in it appears limited.
The pipeline of projects in the country looks good, despite the standstill at federal government level. Claire Coe Smith reports on the role private capital can play.
The move comes after initial efforts to end such funding by the end of 2020 were resisted by EU member states.
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