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.
Infrastructure/PPP news in Europe
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).
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).
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.
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.
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.
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).
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.
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.
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).
The Sejm of Poland, the lower house of the country's parliament, has voted to amend the law on public-private partnerships (PPPs).
Agency for Infrastructure in Education (AGION), the flemish education infrastructure procuring authority, has issued a contract notice for a cluster of three schools.
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.
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.
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.
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).
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.
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).
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.
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.