Governador Calderas starts cancellation of waste PPP

The city of Governador Valadares, located in Minas Gerais (Brazil), has started an administrative process in order to analyze the cancelation of the municipal solid waste management concession. Read more

Belo Horizonte signs street lighting PPP

The Municipality of Belo Horizonte has signed the concession contract for the municipal street lighting public private partnership (PPP) project. IP Consórcio Belo Horizonte was selected as the preferred bidder for the project. Read more

Judge suspends payments to sports concessionaire in Brazil

The Judge of the 5th Court of the Treasury of Natal Region, Read more

CCR acquires Odebrecht´s stake in RIO lRT project

CCR, the Brazil-based infrastructure concessions group, has announced the agreement to acquire whole stake of Odebrecht's shares in ViaRio, the project company running the development of the port area light rail PPP in Rio de Janeiro. The transaction value is expected to reach BRL107.7 million (US$33 million).  Read more

Brookfield closes $14 Billion Global Infrastructure Fund

Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis. BIF III marks the largest private fund raised by Brookfield and the largest private infrastructure fund ever raised in the industry. In the last 18 months, Brookfield has raised approximately US$27 billion across its flagship private fund strategies, including the close of its flagship real estate fund, Brookfield Strategic Real Estate Partners II at US$9 billion, and its flagship private equity fund, Brookfield Capital Partners IV at US$4 billion. All three funds surpassed their fundraising targets. Total capital commitments of BIF III exceed the original US$10 billion fundraising target, reflecting a robust investment pipeline and strong investor demand for the asset class. BIF III’s predecessor fund closed in 2013 with US$7 billion of total capital commitments. Investors in the Fund are a diverse group of over 120 institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations and family offices. Brookfield committed US$4 billion to the Fund, ensuring alignment of interests with other Fund investors. Brookfield’s commitment will be funded through Brookfield Infrastructure Partners L.P. and Brookfield Renewable Partners L.P. To date, the Fund has committed to invest over US$3 billion in assets consistent with the Fund’s investment strategy, including a portfolio of U.S. hydroelectric facilities, a portfolio of Brazilian electricity transmission projects, a leading Colombian power generation company, a portfolio of Peruvian toll roads and a U.S. water infrastructure project developer.  Read more