UK Transport Secretary announces major rail PPP
The head of the UK government's Department for Transport (DfT) has announced that it is taking control of the East Coast Main Line, a 632km railway connecting London to Edinburgh currently operated by private companies Stagecoach and Virgin Trains, until 2020, from which time it will be run through a public-private partnership (PPP).
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May 15, 2018
UK government approves US$1.4 billion tunnel PPP in London
The Department for Transport (DfT) of the UK government has approved the Silvertown Tunnel PPP project. This involves the construction of a 1km twin-bore road tunnel under the River Thames, connecting Silvertown, on the north bank of the river, to North Greenwich, in east London. It is estimated to cost GBP1 billion (US$1.36 billion).
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May 09, 2018
UK Department for Transport launches market-sounding for multi-billion rail PPPs involving Heathrow Airport
The UK Government's Department for Transport (DfT) has published prior information notices for market sounding events for two rail projects - the Western Rail Link to Heathrow (WRLtH) and the Southern Rail Link to Heathrow (SRLtH). Heathrow is a major international airport - the second busiest in the world - located 23km west of London.
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May 03, 2018
Ferrovial sets aside US$285 million to cover penalties for Birmingham highways PPP
Ferrovial has announced that it is going to include an additional provision of GBP208 million (US$283.1 million) in its financial results for the first quarter of 2018, which are to be published next week, in relation to the Birmingham Highways PFI contract operated by a subsidiary of Amey Plc., a subsidiary of Ferrovial.
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May 02, 2018
Infracapital Partners III achieves US$2.5 billion final close
Infracapital, the infrastructure equity investment arm of M&G Prudential, has announced the successful conclusion of fundraising of its latest and largest fund to date, Infracapital Partners III, with total commitments equivalent to GBP1.85 billion (US$2.52 billion).
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April 30, 2018
HICL divests from Highland Schools PPP in Scotland
HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, has announced that the Group has entered into an agreement to divest its 100% equity and subordinated debt interest in the Highland Schools PPP2 Project for GBP56.2 million (US$77.42 million).
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