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Infrastructure/PPP news in Europe

MegaProject 1307: UK health authority scraps retender of cancelled US$450 million hospital PPP

MegaProject 1307: UK health authority scraps retender of cancelled US$450 million hospital PPP

🕔Aug 3, 2018

Sandwell and West Birmingham Hospitals (SWBH) National Health Service (NHS) Trust has recommended that the Midland Metropolitan hospital, located in Smethwick, in the West Midlands region of England, be completed using public funds. The local health authority awarded a 30-year contract for the design, construction, financing and maintenance of the hospital to Carillion in August 2015.

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MegaProject 1305: Wales launches tender for US$650 million road project under new PPP model

MegaProject 1305: Wales launches tender for US$650 million road project under new PPP model

🕔Aug 1, 2018

The Welsh government has launched the tender for the A465 Heads of the Valleys dualling project. As well as the substantial investment required - GBP500 million (US$656.5 million) - this is noteworthy as the government is using a new PPP model to structure the project, the Mutual Investment Model (MIM).

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MegaProject 1299: Marseille seeking bids for US$1.4 billion conference centre concession

MegaProject 1299: Marseille seeking bids for US$1.4 billion conference centre concession

🕔Jul 23, 2018

The City of Marseille has published a concession notice for the development and operation of the conference and exhibition centre in the city. The 30-year concession has an estimated total value of EUR1.2 billion (US$1.4 billion).

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MegaProject 1298: London Borough Council scraps US$2.6 billion housing PPP

MegaProject 1298: London Borough Council scraps US$2.6 billion housing PPP

🕔Jul 20, 2018

Haringey Council has voted to scrap the Haringey Development Vehicle (HDV), a public-private partnership, in development since 2015, that entailed the construction of 6,400 homes and represented over GBP2 billion (US$2.6 billion) investment. Haringey is a borough of London, located in the north of the city.

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Romania approves pipeline of PPP of 13 PPP projects

Romania approves pipeline of PPP of 13 PPP projects

🕔Jul 16, 2018

The Government of Romania will launch 13 public–private partnership (PPP) projects, including healthcare research centres, hospitals and an airport south of Bucharest with a capacity of 30 million passengers.

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UK politicians urge reconsideration of PPP projects

UK politicians urge reconsideration of PPP projects

🕔Jul 13, 2018

The Public Administration and Constitutional Affairs Committee of the UK Parliament has recommended that the Treasury and the Government should not approve any further Private Finance Initiative (PFI) projects

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MegaProject 1295: Altitude Infrastructure closes US$600 million broadband PPP in France

MegaProject 1295: Altitude Infrastructure closes US$600 million broadband PPP in France

🕔Jul 12, 2018

Altitude Infrastructure has signed a 25-year concession agreement and closed a debt financing package for the deployment and maintenance of an ultra-high-speed broadband network in Haute-Garonne, a department in the south of France. The estimated total project investment is EUR516 million (US$606.8 million).

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Ancala Partners closes second infrastructure fund at US$156 million

Ancala Partners closes second infrastructure fund at US$156 million

🕔Jul 11, 2018

Ancala Partners has achieved a first close of Ancala Infrastructure Fund II at EUR133 million (US$156.4 million). The core infrastructure fund is targeting commitments totalling EUR600 million (US$705.5 million), with further closes expected this year.

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Europe to benefit from US$500 million broadband fund

Europe to benefit from US$500 million broadband fund

🕔Jul 10, 2018

The European Investment Bank (EIB) and the European Commission, together with French, German and Italian banks Caisse des Dépôts, KfW and Cassa depositi e prestiti, have committed EUR420 million (US$493.2 million) to the Connecting Europe Broadband Fund, which will finance broadband network infrastructure across underserved areas in Europe.

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US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

🕔Jul 10, 2018

Macquarie Infrastructure and Real Assets (MIRA) has announced the final close of Macquarie Super Core Infrastructure Fund (MSCIF) Series 1 at EUR2.5 billion (US$2.94 million), exceeding the fund's initial minimum target of EUR1.5 billion (US$1.76 million). 

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Poland votes to change PPP law

Poland votes to change PPP law

🕔Jul 9, 2018

The Sejm of Poland, the lower house of the country's parliament, has voted to amend the law on public-private partnerships (PPPs).

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Flemish schools PPP cluster 1 launched

Flemish schools PPP cluster 1 launched

🕔Jul 6, 2018

Agency for Infrastructure in Education (AGION)​, the flemish education infrastructure procuring authority, has issued a contract notice for a cluster of three schools.

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Irish Infrastructure Fund buys two primary care centres

Irish Infrastructure Fund buys two primary care centres

🕔Jul 6, 2018

Valley Healthcare has taken the number of primary care centres (PCCs) in its portfolio to six, as it announces its agreement to acquire two new construction-ready PCC sites, in Clonakilty, County Cork and Listowel, County Kerry.

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Eiffage wins concession of the Arena de Reims Centre PPP

Eiffage wins concession of the Arena de Reims Centre PPP

🕔Jul 5, 2018

Eiffage has just been designated preferred bidder by the local authorities of Reims to design, build finance, operate and maintain (DBFOM) the the new Reims Events Centre PPP, under a 25-year contract period.

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SUSI Energy Storage Fund reaches final closing at EUR 252m

SUSI Energy Storage Fund reaches final closing at EUR 252m

🕔Jul 3, 2018

The SUSI Energy Storage Fund (SESF) received capital commitments of €252 million (US$294,32 million) from institutional investors in Germany, the Netherlands, Austria, Sweden and Switzerland at the end of May 2018. 

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ACS sells majority stake in police stations in Spain

ACS sells majority stake in police stations in Spain

🕔Jul 3, 2018

Iridium and RiverRock European Capital Partners LLP, through its RiverRock Brownfield Infrastructure Fund 1, have entered into an agreement for the sale of 80% of Iridium’s shareholdings in Remodelación Ribera Norte S.A (RRN).

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MegaProject 1289: Bulgaria approves decision to open tender of the concession of Sofia Airport

MegaProject 1289: Bulgaria approves decision to open tender of the concession of Sofia Airport

🕔Jul 2, 2018

Bulgaria's government has given green light to the decision of the Ministry of Transport, Information Technology and Communications to open the tender to operate Sofia Airport.

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European Commission to approve US$1.3 billion Athens airport concession extension

European Commission to approve US$1.3 billion Athens airport concession extension

🕔Jun 26, 2018

After eight months of negotiations, the Directorate General for Competition (DG Comp) of the European Commission, has approved a 20-year extension of the concession contract to operate Athens International Airport (AIA), held by AviAlliance, Canadian Investment Fund, Copelouzos Group and the state-owned Hellenic Republic Asset Development Fund (HRADF).

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MegaProject 1287: UK to retender US$465 million hospital PPP

MegaProject 1287: UK to retender US$465 million hospital PPP

🕔Jun 26, 2018

The Treasury, the UK government department that is responsible for public finance, intends to procure a new private partner for the Midland Metropolitan hospital project. A GBP350 million (US$464.2 million) contract to build and maintain the greenfield hospital, located in the West Midlands region of England, was awarded to Carillion in 2015. This was terminated earlier this year following Carillion's liquidation in January.

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US$50 million high school PPP in Scotland reaches financial close

US$50 million high school PPP in Scotland reaches financial close

🕔Jun 21, 2018

Hub South East Scotland, a joint venture between Galliford Try, FulcrumAECOM and assorted public authorities, has achieved financial close of the Queensferry High School PPP project, located in Edinburgh.

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