Hub South East Scotland, a joint venture between Galliford Try, Fulcrum, AECOM and assorted public authorities, has achieved financial close of the Queensferry High School PPP project, located in Edinburgh.
Infrastructure/PPP news in Europe
The Government of Netherlands has initiated the tender process for the design, construction, financing, operation and maintenance of 12 km of road in the province of Gelderland, connecting the A15 to the A12, which will link the port of Rotterdam to Germany.
The General Secretariat for Infrastructure of the Greek government has published Requests for Expressions of Interest (RFEOI) for two road projects in Crete, the largest and most populous of the Greek islands. The combined estimated investment of the projects is EUR1.4 billion (US$1.62 billion).
Spain's new Minister of Development has announced that the government has decided to remove tolls on national roads currently operated under 50-year concession contracts expiring between this year and 2021. Ownership will revert to the State upon expiration.
Globalvia and Comsa Concesiones have sold their shares in Metro de Málaga, which operates two metro lines in Malaga, a port city on the south coast of Spain, under a concession contract.
Following the recent collapse of the leading contractor, Carillion, a group of banks engaged to fund the proposed Midland Metropolitan Hospital PPP Project in the West Midlands region of England have terminated the financing.
PSA International Pte Ltd (PSA) and Terminal Investment Ltd S.à.r.l. (TIL) have successfully refinanced the container terminal at the port of Sines, located on the south-west coast of Portugal.
Meridiam has announced the successful completion of a major liquidity process on around 25% of Meridiam Infrastructure SICAR acquired by a major US-based fund of fund.
The Investment Fund for Developing Countries (IFU), based in Denmark, has signed an agreement with six pension funds - PKA, PensionDanmark, PFA, ATP, JØP/DIP and PenSam - to establish the Danish SDG Investment Fund, which will contribute to meeting the UN Sustainable Development Goals (SDGs) in developing countries and promote the sale of Danish expertise and technology.
The Economic Committee of the Council of Ministers, the collective executive decision-making body of the government of Poland, has announced that four sections of expressways in the country will be built through public-private partnerships.
Impax Asset Management Group Plc has announced the close of its third private equity infrastructure fund at EUR357 million (US$420.1 million). Impax New Energy Investors III (NEFIII) is focussed on investments in renewable power generation and related assets in Europe.
The De Groene Boog (Green Bow) consortium, comprised of Besix, Dura Vermeer, Van Oord, John Laing, Rebel and TBI (Mobilis, CroonWolter&Dros), has successfully concluded the financing agreement for the A16 Rotterdam PPP project. The total project costs amount to approximately EUR870 million (US$1.03 billion).
iCON Infrastructure Partners IV has acquired a majority stake in Eco Eridania, an Italian integrated waste collection, transportation, treatment and disposal business, from Xenon Private Equity V and CEO Andrea Giustini’s family holding company Roccaforte.
West Sussex County Council has announced that CityFibre, a wholesale full-fibre network infrastructure provider based in London, has been selected to build, own and operate a pure fibre network capable of gigabit broadband service to public buildings in key urban locations throughout West Sussex, which is located in the south of England.
Skanska has announced the commercial and financial close of the Rv. 3/Rv. 25 PPP project, which involves the financing, design, construction, operation and maintenance of a new 25km national road between Løten and Elverum, in the county of Hedmark, south-east Norway.
BAM PPP has announced that the Afsluitdijk causeway PPP project in the Netherlands has reached financial close. The contract value of the project is EUR550 million (US$638.4 million).
The Bermuda Infrastructure Fund has been officially launched in a bid to improve ports, docks, roads, bridges, industrial facilities and healthcare facilities on the island, an overseas territory of the United Kingdom. Insurance firms have raised nearly US$100 million for the fund.
DIF has announced that its Infrastructure V fund has acquired a 66.7% stake in Albea SAS, a company which holds the concession to operate the A150 toll road in France. DIF Infrastructure V purchased the stake from Infravia and TIIC.
Following an announcement earlier this year of a GBP25 million (then US$35.07 million) exceptional charge and a GBP150 million (then US$210.42 million) capital raise to cover additional costs of the Aberdeen Western Peripheral Route PPP project, Galliford Try has announced that it is experiencing further cost pressure which is likely to increase the exceptional charge.
The Ministers of Transport of Bosnia and Herzegovina and Turkey have signed a Letter of Intent to construct a new highway between Sarajevo and Belgrade, the capital cities of Bosnia and Serbia, respectively. The project will be implemented through a build-operate-transfer model, at an estimated cost of EUR3 billion (US$3.5 billion).