The President of Normandy, a region in the north-west of France, has alleged that the national government's Minister of Transport has confirmed that a contested bypass planned to the east of Rouen, capital of the region, will be developed through a concession.
Infrastructure/PPP news in France
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).
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).
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.
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.
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.
VINCI has announced that its wholly-owned subsidiary ARCOS has secured financing for the A355 motorway PPP project in France, which involves the design, financing, construction, operation and maintenance of a new bypass to the west of Strasbourg, the capital of the Grand Est region and ninth largest city in France.
The City of Marseille, located in the south of France, has launched a tender process to select private partners to support the implementation of the Future School Plan (PEA - Plan Ecole d'Avenir) which involves major renovation works to schools across the city. The City will award four-year public-private partnership contracts worth EUR754 million (US$916 million) excluding tax.
Zencap Asset Management has announced its intentions to launch a third senior infrastructure debt fund, dedicated to senior financing of European infrastructure. The company is targeting a first close of EUR200 million (US$244.4 million).
Haute-Garonne Numérique, the government agency in charge the deployment of very high speed broadband in Haute-Garonne, a department in south-west France, has chosen Altitude Infrastructure to deploy a fiber-to-the-home (FTTH) network throughout its territory by 2022. Following installation, the company will manage the network for 20 years.
A project company led by Bouygues Construction has signed a public-private partnership contract for the design, construction, operation and maintenance of a future Biology-Pharmacy-Chemistry (BPC) Centre with Paris-Sud University. The design-build contract is worth EUR283 million (US$348.9 million).
Covage has announced that it has secured a debt financing package of EUR183 million (US$224.83 million) for its fibre-optic network project in the south of France. As reported on this platform, the telecoms company was awarded the contract to design, install, operate, commercialise and finance a Very High Speed (THD - très haut débit) broadband network in the department of Hérault earlier this year.
Atlantia has announced that it has reached an agreement for the acquisition of 100% of the share capital of Aero 1 Global & International S.à.r.l., an investment vehicle fully controlled by funds managed by Goldman Sachs Infrastructure Partners which owns 85,170,758 shares in Groupe Eurotunnel S.E (Getlink), representing 15.49% of the share capital and 26.66% of the voting rights of the company, based on the numbers published by Getlink on 16 February 2018.
The Board of Directors of Sanef, Abertis’ French subsidiary, has approved the appointment of Arnaud Quémard as new Managing Director of the company from the 1st March.
The infrastructure operator Covage has signed a PPP contract with the Department of Hérault for the deployment and commercialisation of a fibre-optic network in the areas of the department, located in the Occitanie region in the south of France, not covered by private broadband operators.
Thau Maritima, a project company comprising the Investment and Development Fund for Public-Private Partnerships II (FIDEPPP2), which is managed by MIROVA and SUEZ Eau France, has secured financing for a project involving a wastewater treatment plant serving seven municipalities of the Sète Agglopôle Méditerranée (SAM) district, in the south of France.
The Land Degradation Neutrality Fund was officially launched at the thirteenth session of the Conference of the Parties (COP13) of the United Nations Convention to Combat Desertification (UNCCD), which took place in Ordos, China. The initiative is promoted by UNCCD and Mirova.
SCOR Investment Partners, the SCOR group’s portfolio management company, have announced the end of the deployment of €378 million (US$444.06 million) through the SCOR Infrastructure Loans II fund, and the launch of the third generation with the SCOR Infrastructure Loans III fund.
Ardian, announced it has signed an agreement for the sale of a €1 billion portfolio of assets after a competitive auction. The Investors involved are APG and AXA, both existing shareholders of the portfolio since 2006. Ardian will remain the asset manager and advisor of the portfolio.
Marguerite has announced the sale of a portfolio of renewable and concession-based assets by the Marguerite Fund to Pantheon.