Abu Dhabi-based sovereign wealth fund ADQ has reached a deal to buy 49 per cent of shares in Australian infrastructure development financier and manager Plenary, a business that has been involved in a wide range of iconic projects from the Gold Coast Light Rail to the Melbourne Convention and Exhibition Centre. The deal, understood to be...
Category: Infra
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Australia’s second largest pension targets infra, private markets from UK office | Alternatives | AsianInvestor
The Australian Retirement Trust (ART), a A$280 billion ($184 billion) superannuation fund, has expanded its operations to London as part of its strategy to enhance its global investment capabilities. “Having senior team members on the ground in London is a strong signal of our intent to invest in relationship-building and maintain a long-term presence,” Ian...
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Infrastructure Australia announces interim commissioner appointments
Image: Daria Nipot/stock.adobe.com The federal government has announced the appointment of Gabrielle Trainor to the role of interim chief commissioner and Clare Gardiner-Barnes as interim commissioner of Infrastructure Australia (IA). The appointments come after the amendments to the Infrastructure Australia Act 2008, highlighting the government’s attempt to restore IA as the pre-eminent advisor...
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ANZ Bank in talks with Australia Pensions on India investments
ANZ Group Holdings Ltd. is in discussions with Australian pension funds about investing in India’s infrastructure assets and its debt market, according to a senior bank official. “We are currently in talks with a few Australian pension funds to bring them to India,” Mark Whelan, group executive of institutional at the bank, said in an...
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Interim Australian Energy Infrastructure Commissioner
The department has announced Mr John Sheldon as interim Australian Energy Infrastructure Commissioner. The announcement follows the retirement of Mr Andrew Dyer. The government expects to announce the appointment of a permanent Commissioner in June 2024. During his time with the department, Mr Sheldon has worked on social licence and community engagement across a range...
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See the full list: Infrastructure projects across Australia that have had their funding axed
KEY POINTS Fifty infrastructure projects across Australia will no longer receive federal funding. They include commuter car parks, highway upgrades and fast rail projects. About 400 projects have survived the chopping block. Commuter car parks, highway upgrades and fast rail projects across the country will have their funding slashed as the federal government tries to...
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GIP raises A$4bn for open-ended Australia infrastructure fund
Global Infrastructure Partners (GIP) has raised A$4bn (€2.44bn) for open-ended, Australiasia-focused infrastructure fund. GIP Australia Fund II (GIPA II) received capital mostly from Australian institutional investors, but it also attracted commitments from investors in Asia, Europe and North America. Close to half of the capital came from investors in GIP’s first Australia fund. The New York-based...
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Sparc to test coatings on steel infrastructure – Australian Manufacturing Forum
Sparc Technologies and the South Australian Department for Infrastructure and Transport (DIT) are to trial the company’s ecosparc graphene enhanced coatings on steel infrastructure such as bridges and jetties in the state. The parties have signed a Trial Agreement under which Sparc and the DIT will conduct collaborative field trials at the West Beach Bridge...
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Australia earmarks billions for naval infrastructure as BAE wins AUKUS submarine work
Australia said Thursday it would spend billions on docks, shipyards and factories at home and in Britain for nuclear-powered submarines under the AUKUS security pact, and named Britain’s BAE Systems to help build the boats. The AUKUS agreement among Australia, Britain and the United States will see Australia buy up to five nuclear submarines from...
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Fiji to sign ports deal with Australia in shipbuilding boost – ET Infra
SYDNEY: Fiji will strike a deal with Australia to upgrade ports and shipbuilding infrastructure, months after its prime minister said it was likely to partner with China on the project, the government of the Pacific Islands nation said on Thursday. Fiji’s government said its cabinet had agreed to enter into a memorandum of understanding with...
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Australia’s bid to navigate troubled waters in Red Sea – ET Infra
PERTH: As Houthi rebels continue attacks on ships in the Red Sea, companies the world over are feeling the pain, with Australia no exception. An Australian livestock shipment bound for Israel in January was ordered back by its government due to the threat of Houthi attacks, only re-embarking in March after the Australian army stepped...
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Central Australia Receives Nine New Community Infrastructure Projects
Crucial community infrastructure projects are on their way for Central Australia, with the Australian and Northern Territory governments announcing the first nine projects under the region’s $50 million Community Infrastructure Package. The two governments will partner with the Central Desert and MacDonnell regional councils and Central Australian communities to deliver the projects. The nine projects...
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