HICL Infrastructure Company Limited, the listed infrastructure investment company, confirmed in late May that two previously announced investments have now been completed and form part of HICL's portfolio.

In the company's prospectus of February 2013, one of the conditional investments was the proposed acquisition of a 29.2% equity & loan note interest in the Bradford Schools BSF (Phase I) project. 

The project is a 27 year concession for the design, construction, financing and operation of three new secondary schools (Buttershaw High School, Salt Grammar School and Tong School), along with routine and major lifecycle maintenance for the life of the concession.  

The client is the City of Bradford Metropolitan District Council. 

This transaction, together with the investment in the PPP desalination project in Australia, have now successfully been completed, and the HICL's portfolio now comprises 96 investments

The company announced in March that it was seeking the approval of shareholders on 15 April 2014 for the acquisition of a 5.85% equity interest in the AquaSure Victorian Desalination PPP Project near Melbourne in the State of Victoria, Australia from the InfraRed Environmental Infrastructure Fund.

The AquaSure Project was procured under the State of Victoria's Partnerships Victoria Policy and is the largest desalination plant in the southern hemisphere capable of producing 444ML of drinking water per day (150GL/year).

As a result of recent investment activity funded from the group's revolving debt facility, HICL has a current net funding requirement of around £50 million.