Auckland International Airport Limited has announced its intention to offer its 24.6% stake in North Queensland Airports (NQA) for sale to existing investors for AUD370 million (US$294.43 million). NQA owns and operates two airports in Queensland, in the north-east of Australia: Cairns Airport and Mackay Airport.
Infrastructure/PPP news in Australia
AMP Capital has acquired a 21% stake in the Victorian Comprehensive Cancer Centre (VCCC) building, located in Melbourne, Australia, from funds managed and/or advised by Partners Group on behalf of investors in its Community Infrastructure Fund (CommIF).
DIF has been awarded a 30-year purpose-built student accommodation (PBSA) concession by the University of Tasmania in Australia, through its DIF Infrastructure V fund. As the sole equity sponsor, DIF will operate and maintain a portfolio of approximately 1,800 existing beds across 10 PBSA facilities.
The Netflow consortium, comprising Cintra and Plenary, has achieved financial close on the A$1,800 million (US$1,38 million) Western Roads Upgrade project, Victoria’s largest single investment in arterial roads to date.
Macquarie Group Limited (Macquarie) has completed the sale of its 11.3% principal holding in Macquarie Atlas Roads (MQA), a listed investment company. Macquarie sold 76 million securities in MQA at a price of $6.00 per security to a wide range of institutional investors via a bookbuild.
Cross Yarra Partnership, a consortium consisting of Lendlease, John Holland, Bouygues Construction and Capella Capita, has reached agreement with Melbourne Metro Rail Authority for the financial close of the Tunnel and Stations Package as part of the Metro Tunnel Project.
AMP Capital has increased its stake in the Victorian Desalination Project (VDP) on behalf of investors in its Community Infrastructure Fund (CommIF).
Dai-Ichi Life Insurance has announced that it has completed its first acquisition finance investment, for High Speed 1, a British railway concession, and first loan to an Australian project, for the refinancing of the Victoria Desalination Project.
Transurban yesterday finalised a contract with the Victorian Government to build and operate the West Gate Tunnel Project. It has been estimated that the final design approved for construction will cost AUD6.7 billion.
Water Utilities Australia (WUA), wholly owned by funds managed by Colonial First State Global Asset Management (CFSGAM), known outside of Australia as First State Investments, has acquired the Kooragang Industrial Water Scheme and business (KIWS) from Hunter Water Corporation.
International Public Partnerships Limited, has announced the acquisition of an additional interest in the Australian rolling stock public-private partnership, the Reliance Rail PPP Project.
MegaProject 1059: Victoria government confirms North East Link road as biggest infrastructure project in state history
The government of Victoria has announced the route for the North East Link. The project will comprise expansion of existing roads and construction of an extensive new road and a 5km tunnel. In total, the proposed route in 26km.
MegaProject 1042: Ferrovial’s consortium to deliver the US$1.4B Western Roads Upgrade project in Melbourne
Cintra, subsidiary of Ferrovial, through the Netflow joint venture recently formed with Plenary, has been selected by the State of Victoria as Preferred Respondent for the design, construction and financing of works to upgrade and rehabilitate the suburban road network in the western of Melbourne, as well as its maintenance.
VINCI Construction has finalised the acquisition of the Seymour Whyte company based in Queensland. The acquisition was finalised following the purchase of 100% of the shares of the company previously listed on the Sydney stock exchange.
Aquasure has secured refinancing of a big portion of the debt for a the desalination project PPP in Melbourne, Australia. The long-term project finance has been arranged with mainly Japanese banks and insurers.
Three consortia are said to have started forming to submit bids for the PPP aspect of the Cross River Rail project in Brisbane.
The Eastern Metropolitan Regional Council (EMRC) has announced it has named a consortium led by Hitachi Zosen Inova (HZI) preferred tenderer for its Resource Recovery Facility tender that will result in the diversion from landfill of 96% of the EMRC’s residual household waste.
Plenary has achieved financial close on the Victorian Government’s expansion of Casey Hospital in Melbourne’s southeast.
The Cross River Rail Delivery Authority has opened the EOI registration period for the tunnel, stations and development (TSD) component of the Cross River Rail PPP, Queensland Government’s flagship infrastructure project.
Land Services SA has been selected preferred bidder for the 40-year commercialization of the South Australian Land Services Group.