A group led by the Ontario Teachers’ Pension Plan has increased its stakes in two Chilean water utilities after making successful bids in government-held auctions. The transaction cost about $541 million. The controlling group led by Teachers’ upped its stake in Essbio S.A. to from 51.1% to 89.6% and now holds 94.2% of Esval S.A. […]
States need to renew to keep the lights on.
The future is direct...
What's driving them is a mystery for some.
The current state of infrastructure in Canada and its future development compare favourably with the rest of the world. An expert panel at the recent EuroMoney Canada Forum painted a rather rosy picture of what Canada’s current infrastructure situation. There were, of course, comparisons drawn between the infrastructure financing in Canada and in the U.S. […]
Why should institutional investors invest in the infrastructure space? Most pension plans need to match liabilities, and infrastructure investment is a way to do this, providing “real return protection,” said Janet Rabovsky, senior investment consultant with Towers Watson, speaking earlier this week at the Infrastructure Symposium 2011 in Toronto. “Given the level of bonds, many […]
Coverage of the 2010 Investment Innovation Conference.
Alberta Investment Management Co. (AIMCo) has agreed to buy a 50% interest in the Autopista Central Highway in Santiago, Chile, from Skanska AB for $878 million. The six-lane highway runs 61 kilometres through central Santiago and connects the suburbs with downtown and the Pan-American Highway. “Rapid economic growth in Latin America is creating a great […]
While infrastructure assets may be divided into these four broad categories, investors must also consider other factors that will impact an asset’s risk profile, such as what market an asset is in, the nature of the political environment and regulator (if any), the levels of leverage and the stage of development of the asset (the […]
The past decade has seen dramatic growth in the number of institutional investors that have added infrastructure to their asset allocation strategies. Changes to pension regulatory and accounting rules have been one catalyst prompting many investors to seek assets that better match their long-term liabilities. Other drivers include concerns regarding where inflation is headed and […]