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Chris Josselyn

Calgary-based oil and gas firm Delphi Energy has agreed to acquire natural gas infrastructure and property in North West Alberta for C$11.8m. After financial close, it intends to dispose of 40 percent of its working interest in the assets to an undisclosed third party.
A new KPMG survey of private sector infrastructure practitioners has identified government effectiveness as the top challenge in addressing infrastructure development needs.
A new wave a social housing PPP projects are being planned by the UK government in an effort to create construction industry jobs while renovating some of the country’s most deprived areas.
The construction and infrastructure development company has achieved financial close on the Carlisle Northern Development Route PPP in the north of England. Balfour Beatty is set to invest £11 million of equity in the project.
The infrastructure investor has increased its indirect stake in the UK water utility, investing £23.9m for an additional 1.3% interest in the company. In its interim management statement, the company said the infrastructure investment space remains attractive.
The airports operator says a proposed special insolvency regime would be bad news for investors.
With $5.64bn in commitments, Global Infrastructure Partners is the largest independent first-time infrastructure fund ever organised. Three years after the firm’s launch, the bulk of the fund is yet to be invested, and with markets still in disarray, new investments are difficult to close. But Adebayo Ogunlesi, the man in charge, isn’t in a hurry. Chris Josselyn and Philip Borel find out why.
The EIB has signed this week a series of loans with a combined value of around €140m to benefit Serbia’s infrastructure. Among the sectors to benefit are transport and social infrastructure, with a grid operator also receiving financing.
HSBC and KfW have arranged $235 million of financing for a new electricity generation plant in Costa Rica. The plant will be located at Garabito on the country’s Pacific coast and is expected to begin operations in 2011.
Is this week’s wrap-up of the £6.2bn PFI for London’s M25 motorway a sign that the project finance market is finally getting going again, asks Chris Josselyn.

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