According to 3i Infrastructure, prices for infrastructure assets, particularly in core infrastructure, continue to rise as recent competitive auction processes have evidenced.

The firm said that on one hand this is positive for the valuation of the firm's existing European portfolio. On the other hand these highly competitive market conditions make it challenging for them to find new investment opportunities in core infrastructure consistent with its return target.

The company reported in a statement:

Portfolio assets continue to perform well operationally and financially, generating portfolio income of £31 million (US$50.6 million) in the period, in line with the six months to 30 September 2013.

Peter Sedgwick, Chairman of 3i Infrastructure, commented:

We continue to see good operational and financial performance in the portfolio, driven by stable market fundamentals and positive developments for a number of our investments. The portfolio overall delivered income of £31 million in the period, in line with income levels delivered in the comparable six-month period last year.

3i Infrastructure has committed to invest £8.6 million (US$14 million) in aggregate in two new primary public private partnership (PPP) projects: Ayrshire College in Scotland and RIVM laboratories in the Netherlands.

The firm has recently reached financial close for the Dutch A12 motorway and commercial close for the A9 Gaasperdammerweg (Holendrecht - Diemen).