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- Release Date: 04/04/14 17:43
- Summary: ASSET: IFT: Infratil completes investment in Australian PPP fund
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IFT
04/04/2014 15:43
ASSET
REL: 1543 HRS Infratil Limited
ASSET: IFT: Infratil completes investment in Australian PPP fund
On 20 December 2013, Infratil announced that it had entered into a
conditional commitment of A$100 million to pursue greenfield availability
based public-private partnership (PPP) opportunities in Australia via the
Australian Social Infrastructure Partners (ASIP) platform. ASIP is an
investor in the South East Queensland Schools PPP and New Royal Adelaide
Hospital PPP.
The conditions to the commitment have now been fulfilled, and Infratil has
subscribed for 55.6% of the units in each vehicle. On subscription, Infratil
paid an initial contribution of A$12 million, reflecting Infratil's share of
capital called for ASIP's investments and returns to date. The balance of
the A$100m commitment is likely to be called over a 2-3 year period as bids
for PPP opportunities are progressed.
Infratil's CEO, Marko Bogoievski, said "Infratil remains attracted to the
Australian PPP market, and believes that the ASIP platform represents the
best means of accessing the significant pipeline of PPP development
opportunities we see across the education, health and transport sectors".
Marko Bogoievski
Chief Executive Officer
End CA:00249161 For:IFT Type:ASSET Time:2014-04-04 15:43:21
