IFM Investors and Korean investors close US$420m infra debt funds
IFM Investors together with Hanwha Asset Management and Hyundai Investments have closed on two infrastructure debt funds for a total commitment of US$420 million.
Hanwha Asset Management and Hyundai Investments will manage funds worth US$190 million and US$230 million, respectively. The funds have secured commitments from eight Korean insurance firms. IFM Investors will manage the offshore deals for the funds that include an operating combined gas cycle plant in the United States.
The Funds will invest in infrastructure assets in all member nations of the Organization for Economic Cooperation and Development.
Country updates
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August 21, 2019
Applegreen sets to acquire 40% stake in Connecticut Highway Service Plazas P3
Roadside service station owner Applegreen has entered into an agreement with IST3 Investment Foundation and TD Greystone Asset Management for the acquisition of a 40% stake in JLIF Holdings...
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August 21, 2019
Louisiana receives 14 LOI for road P3 project
The Department of Transportation of Louisiana has received interest from 14 organizations for the development of LA 3241 P3 road project in St. Tammany Parish. The teams that submitted int...
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August 21, 2019
Ferrovial to build an extension to USD910mn road project
Ferrovial, in a consortium led by its toll road subsidiary Cintra Infraestructuras, is to build and operate a new extension (segment 3C) to the North Tarrant Express in Texas, worth US$910 m...
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August 20, 2019
Maryland city launches RFQ for new parking facility P3
The City of Annapolis in Maryland has launched a request for qualification (RFQ) for the Design-Build-Finance-Operate-Maintain (DBFMO) services for the development of a new parking facility...
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August 14, 2019
Rahway Valley Sewerage Authority Wastewater Treatment Plant in Operation
E.E. Cruz has declared the operation stage of the Rahway Valley Sewerage Authority Wastewater Treatment Plant in Union County, New Jersey, USA. The construction efforts encompassed substant...
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