PPPs

The UK developer’s new strategy is endorsed as it’s freed from its public-markets straitjacket, while the US manager gets a boost for its new core infra business.

The US-based private equity firm is said to ‘like’ the strategy John Laing’s recently-appointed CEO implemented, and believes it can grow the company faster under private ownership.

The Bank’s campaign to rally private money for infra and lopsided risk allocation has failed to mobilise funds for developing countries, and offers little help for building back better, Motoko Aizawa and Howard Mann argue.

I Squared Capital’s Sadek Wahba proposes the creation of a national infra bank, a PPP advisory trust and tax reforms to further unlock foreign institutional investment.

Post-covid, risk-averse investors will have to deal with more government intervention as well as the agendas of ESG and climate change, say Martin Nelson-Jones, Colin Wilson and Howard Bassford of DLA Piper.

After lockdowns led to financial duress, S&P Global Ratings’ Trevor d’Olier-Lees and Dhaval Shah see an uncertain road to recovery.

In the second instalment of our Deep Dive into PPPs, we take a look at the market in Australia and New Zealand and find the region to be one of the most welcoming for the model, especially when it comes to large projects.

A laundry list of troubles threaten to sink the venerable procurement framework. But there are some bold ideas for re-energising it.

Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.

How Blackstone's mega fund, the continuing rise of renewables and uncertain future of PPPs will shape the market