Bruno Alves
Political risk is the risk du jour in 2012, permeating all areas of infrastructure investing. Bruno Alves takes a look at four of its manifestations.
Propositions to get the European capital markets to invest more in infrastructure have made progress.
Olli Rehn’s recent comments on using the EIB’s project bond initiative to boost growth have snowballed into talk of an EU Marshall Plan to end Europe’s woes.
The start of bankruptcy proceedings for Spain’s AP41 Madrid-Toledo toll road could set a precedent that may end up being emulated by several other troubled concessionaires.
Aviva Life & Pensions UK, the EIB and the Development Bank of Japan have backed the debt fund’s first close. The Aviva/Hadrian’s Wall Capital vehicle is targeting £/€1bn to invest in low-risk infrastructure across the UK and Europe.
The business lobbying organisation is calling on the UK to credit-enhance greenfield projects, introduce tax incentives, pool pension resources, curtail Solvency II and encourage banks and institutional investors to come up with a shared funding model.
Spain’s Madrid-Toledo toll road bankruptcy proceedings could be emulated by the country’s 10 or so troubled concessionaires.
The European Union will earmark €230m to road-test the EIB’s initiative to credit-enhance private sector infrastructure bonds. It is expected that this commitment could unlock some €4.6bn in private investment.
Olli Rehn's recent comments on using the EIB's project bond initiative to boost growth have snowballed into talk of an EU Marshall Plan to end Europe's woes.
A consortium led by Macquarie Infrastructure and Real Assets and including British Columbia Investment Management, ADIA and MEAG has bought some 12,000km of gas pipelines, known as Open Grid Europe, from German utility E.ON.