The Queensland Government has launched two tender processes seeking a private partner for the development of social housing projects.
Infrastructure/PPP news in Australia
Amber-managed fund International Public Partnerships Ltd has raised £330 million (US$425 million) following significant over-subscription of the issue announced on 12 April.
First Infrastructure Capital Advisors, a subsidiary of Quanta Services, held a US$750 million first close on its debut fund, First Infrastructure Capital.
The government of Victoria (Australia) has announced that the final bids for the AUD6 billion (US$4.5 billion) Tunnel and Stations Public Private Partnership (PPP), the biggest public transport project in Victoria’s history, have been received.
The Australian New South Wales Government has selected NorthernPathways consortium for the development of the new Grafton Correctional Centre PPP project.
QIC has announced the final close of the QIC Global Infrastructure Fund (QGIF), which achieved a total of AUD2.35 billion (US$1.8 billion) of capital commitments over an 18-month period.
AMP Capital is midway through raising US$2 billion for its third Infrastructure Debt Fund (IDF3) as they increasingly turns to overseas assets as a major investment.
Cintra and Plenary have combined to create a joint venture business to compete in the Australia and New Zealand road infrastructure market.
Three consortiums have been shortlisted to tender for the AUD1.8 billion (US$1.4 billion) road and maintenance upgrade of eight congested roads - also known as the Outer Suburban Arterial Roads (OSARs) Program - in the outer western suburbs of Melbourne (Australia).
Sunshine Coast Regional Council has awarded to Palisade Investment Partners Limited a 99-year concession contract for the Sunshine Coast Airport (SCA).
Moorebank Intermodal Company (MIC) and the Sydney Intermodal Terminal Alliance (SIMTA), have reached financial close for the Moorebank Intermodal Terminal Precinct PPP project.
AMP Capital has raised US$2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.
International Public Partnerships Limited, the listed infrastructure investment company, has acquired a further 3.33% interest in the Gold Coast Light Rail Project (Stages 1 and 2) from Aveng Group.
Infrastructure Capital Group has announced that it has commenced management of the Northern Territory Infrastructure Development Fund in partnership with the Fund’s Board and the Northern Territory Government.
Infrastructure Capital Group (ICG) has announced the appointment of a director and two associates to support growth across its funds and separate accounts businesses.
The Victorian government has announced plans to build the North East Link road project in Melbourne (Australia).
Transurban has announced that Cross City Tunnel (CCT) in Sydney (Australia) has successfully raised AUD278 million (US$207 million) of non-recourse debt via a new bank debt facility with a tenor of 3 years.
The Global Infrastructure Hub launched its Project Pipeline to provide the private sector with free information about government infrastructure projects across the world.
Transurban has announced that the Queensland Government has approved its US$512 million Logan Enhancement Project. The project is the first private sector proposal to be assessed and approved under the Queensland Government’s Market-Led Proposal process.
Plenary Group has achieved financial close on the Victorian Government’s AUD2 billion (US$1.49 billion) High Capacity Metro Trains project, just days after contractual close was achieved.