Heathrow Airport has launched the largest ever public infrastructure consultation on its expansion and the construction of a third runway. The airport's consultation is an attempt to get advice from locals about how Heathrow should be expanding in terms of infrastructure, options for the M25 and what the priorities are with regards to airspace. The consultation, launched on Wednesday (January 17), is separate from the government's Airports National Policy Statement, which ran two consultations in 2017 and is currently being reviewed in Parliament. Among the questions being asked are how long the runway should be, where the new terminal infrastructure should be positioned, options for improving roads in the area for local drivers and minimising car usage at Heathrow and traffic impact. Read More Heathrow Airport in the news A major focus of the consultation is what to do with the M25, over which the proposed runway is expected to extend. Options are being proposed to reroute the … [Read more...] about Heathrow launches largest ever public infrastructure consultation
Infrastructure has developed from a niche corner of the bank and capital markets some thirty years ago to now become a mainstream topic. Today, joining the banks who have always been a mainstay in this market, pension funds and insurance companies are also now attracted to this maturing asset class that can offer long term and stable returns. Investors are dedicating more funds, away from traditional equities and corporate or government bonds, to infrastructure through equity and bond fund managers committed to the sphere, as well as through direct investments. Additionally, politicians around the world are promising to address and invest more in ageing infrastructure and use it as a public policy tool to create growth. We can point to many steps that have led the infrastructure market to where we see it today. In the UK, the great Victorian civil engineers such as Isambard Kingdom Brunel and Sir Joseph William Bazalgette were part of an era that developed key infrastructure including … [Read more...] about How infrastructure investing has become mainstream
I have worked in the global infrastructure market for over 25 years and have seen many different types of deals and how to finance them. So its a pleasure to be asked to offer my insight on the infrastructural landscape to the readers of IBTimes UK. My career started at NatWest, as part of their Project Finance team, where I was involved in many key deals in the UK such as Eurotunnel, early North Sea Oil and Gas, the first independent power projects and the first cable/Sky TV projects to name a few. I also led a team at NatWest/RBS, which provided long-term financing for the UK government's fledgling Private Finance Initiatives (PFI) market, also known as Public Private Partnerships (PPP). In this way, new schools, hospitals and roads were built. As the deals grew bigger, the bond market was required to provide the long-term capital, and as the nature of project finance funding evolved, this led me to a role at monoline insurer, Ambac Assurance. When the PFI/PPP market in the UK … [Read more...] about Europe’s infrastructure challenge in light of Brexit uncertainty
Infrastructure investors often talk about only committing capital to assets they consider "essential". Fitch views "essential" infrastructure as assets that deliver services key to modern day life, such as energy, sanitation, public services (health, justice and education), communication and transportation. They are also assets where there are barriers to entry – be that the sheer size of investment required, or regulatory requirements that limit the scope for further direct competition. The transport sector is a good example of these characteristics. In 2017 Fitch rated Scandlines, a ferry business in Scandinavia, and Tank und Rast, a motorway service station network in Germany, under. Each raised the question of whether these businesses provided essential infrastructure and, more importantly, could infrastructure assets become obsolete over time? Scandlines moves trucks, cars, and people between Denmark and Germany. Ferries have operated on Scandlines routes since 1872 and have … [Read more...] about Is there ever a ‘Kodak moment’ in transportation infrastructure?
0 Have your say Traditional perceptions of infrastructure projects are like my opinion of the latest upgrades to the M1 and M62. Tedious, annoying, costly and ultimately of little benefit to anyone. This statement should be caveated by the fact that I am fully aware that £1 spent on infrastructure projects leads to an increase of £4 in the local economy!However, technology is changing the perception of infrastructure as ‘boring’. Examples include Tesla’s recent bet with the South Australian Government that they would be able to install a system to store energy from wind farms (including the largest and most powerful lithium battery in the world) in just 100 days, the proviso being that it be provided free of charge if they failed.Google’s Deepmind also suggested that it could cut the entire UK energy bill by 10 per cent using artificial intelligence. Both projects are representative of new ideas making public services more efficient and … [Read more...] about Sponsored column: Infrastructure projects are no longer boring