UK politicians urge reconsideration of PPP projects
The Public Administration and Constitutional Affairs Committee of the UK Parliament has recommended that the Treasury and the Government should not approve any further Private Finance Initiative (PFI) projects.
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Country news
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July 11, 2018
Ancala Partners closes second infrastructure fund at US$156 million
Ancala Partners has achieved a first close of Ancala Infrastructure Fund II at EUR133 million (US$156.4 million). The core infrastructure fund is targeting commitments totalling EUR600 million (US$705.5 million), with further closes expected this year.
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July 10, 2018
US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1
Macquarie Infrastructure and Real Assets (MIRA) has announced the final close of Macquarie Super Core Infrastructure Fund (MSCIF) Series 1 at EUR2.5 billion (US$2.94 million), exceeding the fund's initial minimum target of EUR1.5 billion (US$1.76 million).
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June 26, 2018
UK to retender US$465 million hospital PPP
The Treasury, the UK government department that is responsible for public finance, intends to procure a new private partner for the Midland Metropolitan hospital project. A GBP350 million (US$464.2 million) contract to build and maintain the greenfield hospital, located in the West Midlands region of England, was awarded to Carillion in 2015. This was terminated earlier this year following Carillion's liquidation in January.
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June 21, 2018
US$50 million high school PPP in Scotland reaches financial close
Hub South East Scotland, a joint venture between Galliford Try, Fulcrum, AECOM and assorted public authorities, has achieved financial close of the Queensferry High School PPP project, located in Edinburgh.
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June 14, 2018
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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