The Borough Council of Stevenage, a town and borough in Hertfordshire, England, roughly 50km north of central London, has appointed the developer Mace to undertake the first phase of its town centre regeneration project, with construction expected to start next year.
Infrastructure/PPP news in Europe
Golding Capital Partners (GCP), a private equity investor with 17 years experience, has announced the closings of several of its funds.
The infrastructure operator Covage has signed a PPP contract with the Department of Hérault for the deployment and commercialisation of a fibre-optic network in the areas of the department, located in the Occitanie region in the south of France, not covered by private broadband operators.
The European Investment Bank (EIB) has announced that it is prepared to support Romania’s Comarnic-Braşov motorway PPP project. The project involves a section of the 603km A3 motorway, planned to connect the capital city Bucharest with the Transylvania region and the north-western part of the country.
Yesterday the UK Parliament voted against imposing a windfall tax on PPP contractors. The tax was proposed by a member of the Labour Party, and was supported by members of other parties and publicly backed by the UK's second largest trade union.
The consortium consisting of BAM-PGGM and HABAU has announced the financial close of the A10/A24 Neuruppin to Pankow highway expansion PPP project in Germany. The estimated construction cost is EUR650 million (US$806.54 million).
FCC Aqualia, S.A., FCC and IFM are in advanced negotiations regarding the acquisition by IFM of a 49% stake in FCC Aqualia, S.A.
BGIS (Brookfield Global Integrated Solutions) has announced that it has entered into an agreement to acquire a large portfolio of Carillion facility management contracts in the United Kingdom.
Galliford Try has announced plans to raise GBP150 million (US$210.42 million) from investors to cover additional costs of the Aberdeen Western Peripheral Route PPP project that have arisen following the compulsory liquidation of Carillion.
Thau Maritima, a project company comprising the Investment and Development Fund for Public-Private Partnerships II (FIDEPPP2), which is managed by MIROVA and SUEZ Eau France, has secured financing for a project involving a wastewater treatment plant serving seven municipalities of the Sète Agglopôle Méditerranée (SAM) district, in the south of France.
Dún Laoghaire Harbour Company has issued a Request for Expressions of Interest for the regeneration of Carlisle Pier, Dún Laoghaire, about 12km south of Dublin, the capital of the Republic of Ireland.
The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation, AVTOBAN, a Russian road-building company, and Makyol, a Turkish construction company, have announced a joint agreement to establish a consortium to build and operate the fourth section of the Moscow Central Ring Road under a 30-year concession agreement.
University Partnerships Programme (UPP) has achieved financial close on a circa GBP98 million (US$137,77 million) deal to acquire two companies from brownfield developer St Modwen Properties PLC. Consequently, UPP will acquire the contract to operate 2,021 study bedrooms on the Swansea University’s Bay Campus in South Wales for a period of 45 years.
The University of Brighton, which is located in the south-east of England, has confirmed that Uliving has been identified as preferred bidder for the construction and management of new student accommodation as part of the development of the university’s Moulsecoomb campus.
Dnipro City Council has awarded a PPP contract for a waste recycling plant in the city, in eastern Ukraine, to British company Stopford Projects Limited. The council plan to sign the agreement later this month.
The Government of Turkey has announced the route for a canal to be developed through a public-private partnership. The 45-km Kanal Istanbul will link the Black Sea and the Sea of Marmara west of the Bosphorus, running from the Durusu region on Istanbul's Black Sea coast to Kucukcekmece Lake on the Sea of Marmara.
Mirova, an affiliate of Natixis Investment Managers dedicated to responsible investment, has acquired interests of 23.8% and 35.2% respectively in ViaExpresso and ViaLitoral. These two concessionary companies operate part of the Madeira highways in Portugal.
The State Company of Land Transport Infrastructure, a department of the Ministry of Public Works of the government of Spain, has awarded a EUR250,000 (US$306,08) contract for the design of bidding documents to re-tender rescued highways.
The Slovak Ministry of Finance has approved a public-private partnership model to build a new prison in central-southern Slovakia, in Rimavská Sobota; though the initiative still has to be approved by the Cabinet.
The Ministry of Transport of the Czech Republic has announced an upcoming public presentation concerning the D4 highway PPP. The project consists of the construction of approx. 32km of new highway between Háje and Mirotice, and the operation and maintain of adjacent sections, with a total length of 17 km.