A task force chaired by the Ministry of Transport and Communications of the government of Finland has recommended private sector involvement for the Helsinki-Tallinn Tunnel project. This involves the construction of an undersea railway tunnel linking the capital cities of Finland and Estonia, also called the FinEst Link.
Infrastructure/PPP news in Finland
CapMan Infra has launched the fundraising of a pan-Nordic infrastructure fund with a target size of EUR300 million (US$359,57 million): CapMan Nordic Infrastructure I.
Infranode has announced the closing of its second investment round. The Infranode I investment platform raises SEK1.9 billion (US$213 million) dedicated to essential infrastructure investments in the Nordics.
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.
Quercus Assets Selection, which specialises in infrastructure investments with a focus on renewable energy, has announced that it has reached its first collection target of €150 million (US$158 million) for its new renewable energy infrastructure funds.
The SUSI Renewable Energy Fund II (SUSI RE II) has reached final closing at €380 million (US$425.5 million).
MegaProject 733: Hyperloop One, FS Links and KPMG publish world's first study of full scale hyperloop system
Passengers can make the trip between the capitals in 28 minutes, compared with a 3.5-hour flight or overnight ferry. The value of time saved by the network is an astounding €321 million (US$354.6 million) per year. Revenue for the complete system is estimated to be €1 billion (US$ 1.1 Billion) per year with an operating profit of €800 million (883 based on a forecast of 43 million passenger trips a year.
InfraVia Capital Partners has agreed to sell ca. 25% of Aurora Infrastructure Oy to funds managed by Access Capital Partners and Pantheon Ventures.
Finland and Estonia have agreed to study the possibility to develop the FinEst Link project,
EQT Infrastructure has reached a definitive agreement to sell Adven Group to a consortium comprising of AMP Capital Investors and Infracapital Partners II.
Lemminkäinen has announced that it will develop a care facility made of timber for the City of Pudasjärvi, in Northern Finland, using the PPP model.
Infranode has announced that Mr Rajakaski has joined the Infranode team as Investment Manager and Country Lead Finland.
SL Capital Partners, through its infrastructure fund SL Capital Infrastructure I LP (SLCI I), has acquired the shares of the Gasum Oy subsidiaries Gasum Paikallisjakelu Oy and Helsingin Kaupunkikaasu Oy from Gasum.
YIT and Meridiam, through Tieyhtiö Vaalimaa Oy, have signed a service agreement with the Finnish Transport Agency regarding the implementation of the Hamina-Vaalimaa section of the E18 highway in Finland.
Lemminkäinen will develop two schools in Hollola, southern Finland: the Heinsuo twelve-year school and the Kalliola school.
MegaProject 410: YIT and Meridiam consortium selected as preferred bidder for E18 Hamina-Vaalimaa motorway project
A consortium formed by YIT and Meridiam Infrastructure Finance II S.
YIT has signed an agreement with the City of Kokkola on the implementation of the Torkinmäki school and day care centre as a public-private partnership (PPP) project.
InfraVia has announced that InfraVia European Fund II (InfraVia II), its second European infrastructure fund, has agreed to acquire a 100% stake in Kilpilahden Sähkönsiirto Oy (KS).
Impax Asset Management Group plc has signed a €106 million (US$134 million) project financing arrangement with KfW IPEX-Bank for its Kuolavaara-Keulakkopää (Kuke) wind farm in Finland.
Finnish contractor Lemminkäinen will build a school campus of timber in Pudasjärvi, in Northern Finland, using the public-private partnership (PPP) model.