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Australian monopolies debate should give investors pause

The country's competition watchdog has come out strongly against a decision to remove it as the Port of Newcastle’s regulator, sounding caution about monopoly assets having ‘unfettered market power’.

IFM sets ‘unprecedented’ emissions reduction targets for Australian assets

The fund manager has set targets for its seven Australian assets, covering airports, ports, a railway station and an electricity distribution business - including a 100% reduction by 2030.

Are Australia’s infrastructure corporates ready for battle?

The country’s companies ‘are in reasonably good financial shape’, despite slowing economic conditions across the Asia-Pacific region, according to S&P Global Ratings’ Parvathy Iyer.
direct road straight

The road less travelled

Nicola Palmer and Michael Allen of Arcus Infrastructure Partners explain how decarbonisation, demographic shifts and technology are creating new opportunities for transport infrastructure.

DP World, NIIF JV acquires logistics operator in India

The acquisition of KRIL expands the Dubai-based port operator’s logistics footprint and the joint venture’s portfolio.
container terminal

Macquarie secures 20 years of shipping business after $1.8bn deal

A minimum-volume commitment for an Asian shipping company to use the Long Beach Container Terminal in California ‘implies’ a 12x EBITDA margin over 20 years, a source said.
cargo ship

JPMorgan AM: ‘core-plus transportation’ could rival traditional infra as an asset class

Asset manager estimates the subsector could require as much as $4.5trn in financing over the next 10 years as bank lenders exit the market.

Fitch: ‘mostly stable’ US transport sector could hit roadblocks

Growth in the US transport sector this year will be moderate and stay in lockstep with the country’s GDP, according to Fitch Ratings. The company, in a report published on Monday, predicted “mostly stable” growth in airports, toll roads and ports, citing in all cases a strong commercial and consumer economy. However, the ratings agency […]

IFM teams up with Polish state fund for port, two years after government blocked...

The circa €1.1 billion deal for DCT Gdansk is IFM’s first in Poland since the government in 2017 blocked it for being a fund ‘focused on aggressive profit’.

Australia’s inconsistent interventions could have severe consequences

The country’s regulators have stepped in again to criticise privatisation processes – but singling out private investors while governments escape censure is bad for everyone.
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