UK hospital PPP loses financing following Carillion collapse
Following the recent collapse of the leading contractor, Carillion, a group of banks engaged to fund the proposed Midland Metropolitan Hospital PPP Project in the West Midlands region of England have terminated the financing.
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June 11, 2018
Impax closes New Energy Investors III at US$420 million
Impax Asset Management Group Plc has announced the close of its third private equity infrastructure fund at EUR357 million (US$420.1 million). Impax New Energy Investors III (NEFIII) is focussed on investments in renewable power generation and related assets in Europe.
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June 04, 2018
US$70 million PPP award kickstarts UK government's Full Fibre Network Programme
West Sussex County Council has announced that CityFibre, a wholesale full-fibre network infrastructure provider based in London, has been selected to build, own and operate a pure fibre network capable of gigabit broadband service to public buildings in key urban locations throughout West Sussex, which is located in the south of England.
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May 31, 2018
Bermuda insurance firms raise US$100 million for infrastructure fund
The Bermuda Infrastructure Fund has been officially launched in a bid to improve ports, docks, roads, bridges, industrial facilities and healthcare facilities on the island, an overseas territory of the United Kingdom. Insurance firms have raised nearly US$100 million for the fund.
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May 24, 2018
Financial issues continue for bypass PPP in Scotland
Following an announcement earlier this year of a GBP25 million (then US$35.07 million) exceptional charge and a GBP150 million (then US$210.42 million) capital raise to cover additional costs of the Aberdeen Western Peripheral Route PPP project, Galliford Try has announced that it is experiencing further cost pressure which is likely to increase the exceptional charge.
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May 18, 2018
GBP175 million green bonds issued for Thames Tideway Tunnel project
Tideway, whose shareholders include Allianz, Amber Infrastructure, Dalmore Capital and DIF, has issued GBP175 million (US$236.6 millon) green bonds to finance the Thames Tideway Tunnel (TTT) project, which involves the construction of a 25km sewer tunnel in London.
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