23 Dec 2013

Infratil formalises Australian investment commitment

7:28 am on 23 December 2013

Infrastructure investor Infratil says it has formalised its commitment to invest $A100 million in greenfields public-private partnerships (PPP) in Australia.

Infratil says it has signed a conditional subscription deed with Australian Social Infrastructure Partners (ASIP) which will mean Infratil owns 55% of two investment vehicles.

ASIP has investments in the South East Queensland Schools PPP and the New Royal Adelaide Hospital PPP.

Infratil will pay an initial $11.7 million for its shares and the balance of the $100 million is likely to be called over a two- to three-year period as bids for PPPs succeed.