Andy Thomson
Australia’s busiest airport, which is run by former Macquarie executives, has raised more than A$1bn in senior debt facilities, addressing all of its debt that was scheduled to mature next year. The refinancing confirmed the airport’s BBB credit rating.
European infrastructure investors may well be hoping the UK fails to get its way in the battle over the EU budget.
The new procurement model set to be unveiled in the UK Chancellor’s autumn statement may not herald the flow of new projects that private investors are hoping for. Introducing more widespread charging on the country’s roads could change that, but would constitute political dynamite.
The new procurement model set to be unveiled in the UK Chancellor’s autumn statement may not herald the flow of new projects that private investors are hoping for. Introducing more widespread charging on the country’s roads could change that, but would constitute political dynamite.
The UK government will today unveil plans to unlock further investment into infrastructure by doubling the amount that local councils can allocate to limited partnerships from 15% of their pension fund capital under management to 30%.
A five-strong banking group has replaced previous financing which was put in place in 2005. The UK's Bristol Airport is owned by Macquarie European Infrastructure Fund and Ontario Teachers Pension Plan.
Europe has a problem with PPPs – there aren’t many. Even the UK’s shiny new procurement model may struggle to find applications
The confidence needed to complete almost 500 greenfield infrastructure projects in the European Union, worth a total $233bn, is contingent on the success of pilot projects that will test the new Europe 2020 Project Bonds Initiative. This was the conclusion of an industry roundtable staged by Freshfields.
It seems like there have been more false starts in the US P3 market than in the history of the Olympic Games. But is it now genuinely up and running?
‘New’ PFI will probably be similar to ‘old’ PFI. The UK government must try to persuade us that it isn’t.