The Sri Lankan Cabinet has approved the launching of tenders for the construction of new railways in the Hambantota district of the country on a build-operate-transfer (BOT) basis. The estimated project cost is US$800 million.
Infrastructure/PPP news in Asia
Cross Israel Highway Ltd., an Israeli government entity specializing in advanced transport projects, is seeking a private company or consortium to manage the tender of the Haifa-Nazareth light rail project, which involves the construction and operation of a 41km light rail line between the two cities, located in the north of the country.
The coordinator of the Vientiane-Pakxe Expressway project in Laos, which is to be developed following a Build-Operate-Transfer model, has announced that the Ministry of Public Works and Transport will soon sign a Memorandum of Understanding (MoU) with four construction companies from Laos and China for planning and design works for the project.
MegaProject 1269: New Prime Minister of Malaysia to halt multi-billion Kuala Lumpur-Singapore HSR PPP
Malaysia’s Prime Minister Tun Dr Mahathir Mohamad has announced that his government will not continue the Kuala Lumpur-Singapore high speed railway (HSR) project, which involves the development of a 350km/h eight station HSR, expected to cut travel time between the two cities to 90 minutes, at an estimated cost of MYR110 billion (US$37 billion).
The Ministry of Construction of the Government of Myanmar has published a Request for Expressions of Interest (RFEOI) for the Yangon Expressway project, seeking private parties interested in designing, engineering, financing, constructing, operating and maintaining a 47.5km expressway in Yangon, the largest city in the country, located on the south coast.
Cerestra Advisors, a Real Assets focused private equity firm based in Hyderabad, has launched a US$300 million offshore education-infrastructure fund.
Changshu Sino French Water, a joint venture formed between Changshu Urban Construction Public Assets Management Company and SUEZ NWS (itself a joint venture between SUEZ and NWS Holdings), has signed a 30-year contract to own and operate four wastewater treatment plants in Changsu, a city in Jiangsu, an eastern-central coastal province of China.
The Dhaka Water Supply & Sewerage Authority (WASA) has awarded SUEZ and Veolia the contract to build and operate a drinking water production plant in Gandharbpur, Bangladesh, after an international call for tender.
The Rohatyn Group (TRG), a specialized asset management firm focused on emerging markets, and J.P. Morgan Asset Management have announced that TRG has acquired the J.P. Morgan Asian Infrastructure & Related Resources Opportunity (AIRRO) platform.
The Chief Minister of Andhra Pradesh, a state in the south-east of India, has decided to hand over the management of state highways to the private sector under a Public Private Partnership (PPP) scheme. In total, the highways span 4,000km.
Metro Jeddah Company has awarded a consortium led by Synergy Consulting a contract to manage the procurement process for the Obhur Creek Bridge PPP project, which involves the construction of a 360m-long bridge which will carry eight lanes of traffic, a metro line and a pedestrian walkway, linking North Obhur to Jeddah city centre.
Abu Dhabi Ports has signed a 30-year concession agreement with Mediterranean Shipping Company (MSC), based in Switzerland, to establish a new container terminal at Khalifa Port. Located 60km east of the city centre, the port is the flagship deepwater port of Abu Dhabi. It was inaugurated in December 2012.
Canada Pension Plan Investment Board (CPPIB) and Allianz Capital Partners (ACP), on behalf of Allianz insurance companies, have announced that they are acting as anchor investors in the first private infrastructure investment trust in India.
The Japan Bank for International Cooperation (JBIC) has pledged to finance Thailand's TBH224.54 billion (US$7.1 billion) high-speed railway linking three major airports, Bangkok and the Eastern Economic Corridor, to be developed through a public-private partnership (PPP).
The Bases Conversion and Development Authority (BCDA), in partnership with the Department of Transportation (DOTr) of the Government of the Philippines, has started the bidding process for the operations and maintenance (O&M) of the Clark International Airport, the next major gateway to the country and the region.
The Ministry of Land, Infrastructure, Transport and Tourism (MLITT) of the Government of Japan has launched a tender for the operation of seven airports under a 30-year concession contract, setting the minimum bid price at JPY72 billion (US$656.9 million).
Global Infrastructure Partners to acquire Indian infrastructure asset management business worth US$1.8 billion
Infrastructure Development Finance Company (IDFC) subsidiary IDFC Alternatives Ltd is selling its infrastructure asset management business to Global Infrastructure Partners (GIP). The business manages assets worth about US$1.8 billion.
Abu Dhabi Ports has entered into an agreement to acquire a 50% stake in Abu Dhabi Terminals (ADT) from its current shareholders Mubadala Investment Company and infrastructure fund manager Mubadala Infrastructure Partners for an undisclosed sum.
Indian Railway Stations Development Corporation (IRSDC) has announced that the redevelopment of Habibganj railway station, located in Madya Pradesh, will be complete by 31 December 2018 - a significant milestone in the authority's first public-private partnership. The redevelopment is being carried out by Bansal Group, who signed a contract for the project with IRSDC in July 2016.
SFund International invests in Asia Allied Infrastructure to develop projects in Guangdong-Hong Kong-Macao Bay Area
Asia Allied Infrastructure Holdings Limited announced that its controlling shareholder has entered into an agreement to sell a 9.8% share in the company to SFund International Investment Fund Management Limited.