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.
Infrastructure/PPP news in Oceania
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.
The New Zealand Government through the Department of Corrections is investing in additional prison capacity, in response to an increased level of demand identified in the Justice Sector long term forecast.
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.
Corrections Minister Judith Collins has announced that the Government has approved the procurement of a 1,500 bed facility at Waikeria Prison that will be designed, built, financed and maintained under a Public Private Partnership.
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.
Forrestfield-Airport Link project has reached a major milestone with the approval from the Western Australian Planning Commission for early works on the infrastructure project.
Plenary Group has announced it has taken over the management of Peninsula Link PPP Project in southeast Melbourne (Australia).
Plenary Group has achieved contractual close for the Victorian Government’s AUD2 billion (US$1.48 billion) High Capacity Metro Trains project in Melbourne (Australia).
The University of Wollongong (UOW) has opened Expressions of Interest for a partner to help develop a thriving Health and Wellbeing Precinct on its Innovation Campus.