AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF III), raising US$2.5 billion for the mezzanine debt strategy, an additional US$800 million in co-investment rights and securing a further US$800 million from investors who want access to its deal capabilities.
Infrastructure/PPP news in Asia
Lebanon’s government has ratified the country’s PPP law.
Saudi Arabian authority Water & Electricity (WEC) has invited expressions of interest (EOI) in respect of the potential development of an Independent Water Project (IWP) to be designed using Reverse Osmosis seawater desalination technology.
VinaCapital Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, has announced that it has become a significant investor in Tasco JSC, a toll road operator and real estate development company in northern Vietnam, via a private placement.
Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has shortlisted five consortia for the tender process to privatize the operation of Fukuoka Airport.
NLEX Corp., a subsidiary of Metro Pacific Investments Corp (MPIC), has submitted an unsolicited proposal to the Philippines Department of Public Works and Highways (DPWH) to construct a new expressway that will connect the existing North Luzon Expressway and Manila-Cavite Expressway.
China Merchants Port (CMPort) has announced that CMPort, Sri Lanka Ports Authority (SLPA), the Government of the Democratic Socialist Republic of Sri Lanka (GOSL), Hambantota International Port Group (HIPG) and Hambantota International Port Services (HIPS) have agreed on the terms of the Concession Agreement in relation to the development, management and operation of the Hambantota Port.
China Everbright International has announced that it has recently secured Qihe Waste-to-energy Project in Shandong Province.
The Government of the Philippines has launched a tender process for the first project under its hybrid strategy.
IL&FS Transportation Networks (ITNL) has announced it has achieved financial close for the development of the Dubai Supreme Court and Automated Car Park facility.
-I Squared Capital, an independent global infrastructure investment manager, has signed an agreement, through its ISQ Global Infrastructure Fund II, to acquire a 100 percent interest in Hutchison Global Communications Investment Holding Limited (HGC) from Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH) for approximately HKD14.5 billion. The transaction is expected to close by October 2017.
Sri Lanka's Cabinet has approved the establishment of a PPP Unit to replace the current unit within the Ministry of Finance and Mass Media.
Macquarie has announced that Macquarie European Infrastructure Fund II (MEIF2) has agreed to sell its 100 per cent interest in National Car Parks Limited (NCP) to a consortium of Park24, a listed Japanese strategic buyer and Development Bank of Japan Inc. (DBJ), a Japanese government-owned financial institution.
The Asian Development Bank (ADB) has approved a US$526 million multitranche financing facility (MFF) to help sustain and increase infrastructure investments in Bangladesh, particularly in financing public-private partnership (PPP) projects as well as renewable energy interventions.
The Asian Development Bank (ADB) and the Government of India has signed a US$220 million loan for improving connectivity as well as transport efficiency and safety on state highways of Rajasthan.
GMR Goa International Airports Limited (GGIAL), a subsidiary of GMR Airports Limited, has executed debt facility agreement for the development of Greenfield airport at Mopa (India).
IRB Infrastructure Developers has announced it has achieved financial closure for the Udaipur – Gujarat Border 6 Laning BOT project.
Chittagong Port Authority (CPA), under Ministry of Shipping, Government of the People's Republic of Bangladesh, intends to develop a terminal through PPP model.
The Government of the Philippines is to tender an airport as its hybrid strategy gets underway.
The Government of India has granted in-principle approval for a US$3 billion airport PPP south of New Delhi in view of the rapidly growing flying requirements of the National Capital Region (NCR).