Whitehelm Capital completes acquisition of ITE College West PPP project
Leading independent infrastructure manager Whitehelm Capital, has completed the acquisition of the ITE College West PPP Project (ITE College West) in Singapore from Gammon Investments Pte Limited, a joint venture between Balfour Beatty Plc and Jardine Matheson Holdings Limited.
The investment was made by Whitehelm Capital on behalf of two leading Australian superannuation fund clients, MTAA Super and Prime Super.
ITE College West was the first social infrastructure PPP in Singapore, and the first education project in Asia developed with an availability-based payment mechanism. With over 7,700 full-time students, ITE College West is an established post-secondary institution with on-campus facilities to enable the Institute of Technical Education (ITE) to deliver students of the college practical work experience with industry partners within a business town concept.
Country updates
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September 24, 2019
Keppel Infrastructure Trust sells majority stake in DataCentre One to Keppel DC REIT
CityDC, a unit of Keppel Infrastructure Trust, is selling its 51% stake in DataCentre One to Keppel DC REIT for a consideration of US$102.9 million. DataCentre is a joint-venture comp...
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September 12, 2019
Philippines, Singapore sign MoU for local PPPs
The Public-Private Partnership (PPP) Center of the Philippines and the Singapore-based Infrastructure Asia signed a Memorandum of Understanding (MOU) on September 9, 2019, to assist local implementing...
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May 27, 2019
Malaysia, Singapore agree to delay cross-border RTS link
The governments of Malaysia and Singapore have agreed to again suspend the development of Johor Bahru-Singapore Cross-Border Rapid Transit System project. In a joint statement, it was anno...
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May 20, 2019
Hyflux set to lose control of Tuaspring IWPP
The insolvent water treatment firm Hyflux was set to lose control of its Tuaspring Integrated Water and Power Plant after the water purchase agreement with National water agency PUB ter...
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April 10, 2019
EOI issued to appoint Technical Advisory Consultant for Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) project
Contracting authority MyHSR Corporation Sdn Bhd (MyHSR), a company owned by the Ministry of Finance in Malaysia launched an EOI seeking Technical Advisory Consultant for Kuala Lumpur-Singapore High-Sp...
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