Ernst & Young has today announced that it has been awarded the Carbon Trust Standard, for demonstrating its commitment to reducing carbon emissions in the UK. Based on the Carbon Trust’s rigorous assessment, Ernst & Young were certified to have measured, managed and reduced their carbon emissions across their operations, and committed to reduce their…
Bircham Dyson Bell has been appointed by HS2 Limited in a two year contract, to provide legal advice to it and its consultants on all aspects of planning, environmental appraisal, public consultation and blight management, as well as general legal support on corporate issues as required on the proposed high-speed railway to link London to…
Event Date: 07-06-2011 Time: 12:00pm IPFA Nigeria is pleased to announce the inaugural meeting of the IPFA in Nigeria Working Group on Infrastructure Finance. The Inaugural Meeting will be hosted by a corporate member, J.O. Fabunmi & Co. at their office on 11th Floor, CSS Bookshop House, 50/52 Broad Street, Lagos. The Working Group has been…
Hawkamah, the Institute for Corporate Governance has partnered with the Islamic Finance Council, UK (IFC) and the Chartered Institute For Securities and Investment (CISI) on holding the first Dubai session of the Scholar Professional Development Program. The Scholar Professional Development program takes a CPD (Continuous Professional Development) approach to empowering Islamic bankers and Shari’a…
Germany is poised for continued renewable energy market growth through 2020 and beyond in order to meet binding renewable electricity targets and compensate for its upcoming nuclear power phase out. The German government has convened a commission to discuss the feasibility of accelerating the phase out of nuclear energy all together by 2017-2025. The preliminary…
Over the next decade, the European Commission (EC) estimates that funding needs for infrastructure development in the EU–covering transport, energy, and information and communication networks–could total between €1.5 trillion and €2.0 trillion by 2020. With many governments implementing austerity packages, the EC also acknowledges that the capital markets will play an important role in…
Bunnik/Zeist, the Netherlands, 19 May 2011 – Royal BAM Group and Dutch pension fund administrator PGGM announce the formation of a 50/50 joint venture between BAM PPP and PGGM. This joint venture, BAM PPP PGGM Infrastructure Coöperatie U.A., marks a significant development, and is the first of its kind, in the European Public Private Partnership…
Urban Land Institute (ULI), in collaboration with Ernst & Young, released a report on the global infrastructure trends and activities in 2011, and the U.S. infrastructure policies that aim to repair and rebuild the nation’s infrastructure, including roads, transit and ports. Within the theme, “Downscaling Ambitions and Finding Creative Solutions,” the findings of the study…
A highly-regarded six lawyer team has joined the energy and environmental practices of Fulbright as the global firm opened an office in Western Pennsylvania, the center of activity for Marcellus Shale natural gas production. Partner Ken Komoroski, a recognized shale gas leader and advocate, heads Fulbright’s new office in the Southpointe Energy Complex near Pittsburgh….
In the May 2011 Deloitte Access Economics-Arup Investment Monitor, Arup argues that a different, systems-thinking approach to infrastructure decision-making is needed to support our major cities. Despite some AU$82bn of economic infrastructure projects currently under construction, reports indicate this may not be enough to address Australia’s infrastructure requirements over the next decade. For the…
SITA UK, subsidiary of SUEZ ENVIRONNEMENT, has signed a Private Finance Initiative (PFI) contract worth 825 million euros* over 25 years with the South Tyne and Wear Waste Partnership, representing Gateshead, South Tyneside and Sunderland local authorities. SITAUKformed part of a consortium, which includes Lend Lease and I-Environment Investments Ltd, subsidiary of ITOCHU Corporation. The…
This article first appeared in The Lawyer magazine. Energy and infrastructure teams have lined up some strong bids for The Lawyer Awards 2011, says James Swift In spite of disasters in the Gulf of Mexico and Japan, depressed markets and a squeeze on spending in the UK, submissions from law firms’ energy and infrastructure teams for The Lawyer Awards 2011…
Wragge & Co has advised on the A400M defence procurement in Europe. Working with ‘Organisation Conjointe de Coopération en matière d’Armement’ (OCCAR), the firm advised on the re-negotiation of a ground-breaking €20 billion contract for the development and supply of up to 170 A400M military transport aircraft from Airbus Military S.L. Projects partner Michael Whitehouse,…
International law firm Clyde & Co LLP has acted for Arabian Company For Water & Power Development (ACWA Holding) in relation to the sale to Welspun of 50% of its piping and coatings divisions in Saudi Arabia. The deal, which involved a simultaneous joint venture with Welspun, places a combined value on the businesses of…
In collaboration with the internationally highly-regarded University of Edinburgh Business School, MacRoberts LLP has launched MacRoberts Business Academy (MacBA) – a whole new way of providing post-qualifying training, specially tailored to the needs of In-House Lawyers. Recognising the diverse role of the In-House Lawyer as one which requires something more than the traditional approach to legal…
London/Prague, 12 April, 2011 – Marsh, the world’s leading insurance broker and risk advisor, today announced it has reached agreement with INSIA a.s. (INSIA), the insurance broker network headquartered in Prague, Czech Republic to support the network’s growth in the Czech Republic and Slovakia and other European countries. As part of the agreement, Marsh will…
Department for Transport (London) The DfT has approved the Cambridgeshire, Croydon & Lewisham, Knowsley and Oldham & Rochdale Street Lighting PFI projects proceed to financial close – here is the Croydon & Lewisham Press Notice. More than £151 million of Government funding will be made available to improve street lighting in Croydon and Lewisham,…
The UNECE is taking a major new initiative to establish an UNECE International PPP Centre of Excellence (UNECE PPP Centre). This initiative is specifically designed for the benefit of both the countries and the local and foreign private sector. It will be discussed at the Third Session of Team of Specialists on Public-Private Partnerships in…
Lower projections for traffic, tolls raise questions as DelDOT seeks federal help After four decades of on-and-off studies, tens of millions of dollars spent for engineering and land costs and countless attempts to smooth the way with the public, deep new cracks are forming in the path to a new U.S. 301 toll road. While…
Brisbane event: Wednesday 4th May Time: 7.30am to 9am Venue: Queensland Art Gallery, Stanley Street, South Brisbane Melbourne event: Thursday 5th May Time: 7.30am to 9am Venue: Level 89, Eureka Tower, 7 Riverside Quay, Southbank Sydney event: Thursday 5th May Time: 6pm to 8pm Venue: Ted Hopkins Room, Luna Park, Milsons Point These exciting…
We would like to notify our members that the IPFA Herbert Smith event entitled: Funding Options for HS2 – Can lessons learned from Channel Tunnel and HS1 assist in the creation of a strong financial structure for the project? which was originally scheduled for Tuesday 10th May 2011 has now been postponed to Thursday 14th July 2011….
Peter Leon, a partner at Webber Wentzel, was quoted in a recent Business Day article Zimbabwe giving foreign mining firms six months to sell a majority stake to local black investors, causing the JSE’s platinum mining index to tumble more than 3%. According to the Zimbabwean Government Gazette, the calculation of the value of assets…
A DB Climate Change Advisors (DBCCA) report released today, “GET FiT Plus“, presents new concepts to drive renewable energy investment in developing regions. The Global Energy Transfer Feed-in Tariffs Program or “GET FiT” program is a proposal to support both renewable energy scale-up and energy access through the creation of new international public-private partnerships. Click here to download…
IPFA will be responding to the call for evidence to the UK Parliamentary Treasury Select Committee’s Inquiry on the future of the Private Finance Initiative. We feel it is important that as many of our members’ views are reflected in our submission as possible. To assist this aim, we have prepared this on-line questionnaire to mirror…
ON 1 March 2011, work on the Maitland Computer Based Interlocking (CBI) commissioning was successfully completed ahead of schedule, achieving a string of firsts for the integrated Arup team responsible for delivering this complex project. The Hunter Valley in New South Wales is home to the largest coal export port in the world and…
Four major infrastructure projects on which Clayton Utz’s Major Projects team provided legal advice and support have been singled out for key industry awards – further cementing the firm’s reputation as the go-to law firm on major infrastructure deals. Victoria’s $759 million Peninsula Link road project was named Project Finance APAC Transport (Road) Deal of…
Herbert Smith has advised Chevron Global Energy Inc., a subsidiary of Chevron Corporation, one of the world’s leading integrated energy companies, on the sale of Chevron Limited, the entity which holds the Pembroke Refinery, as well as its fuel marketing and aviation business in the United Kingdom and Ireland to a wholly owned subsidiary of…
Drake & Scull Construction Saudi Arabia (DSC KSA), a wholly owned subsidiary of Drake & Scull International (DSI) PJSC in the Kingdom, has been awarded King Abdullah Petroleum Studies and Research Center (KAPSARC) project in Riyadh, Saudi for a total value of SR 2 billion. Commenting on the project win, Khaldoun Tabari, CEO of DSI…
Drake & Scull Water and Power (DSWP), a wholly owned subsidiary of Drake & Scull International (DSI) PJSC, has signed a Memorandum of Understanding (‘MOU’) with Australian based company Earth Heat Resources Limited (‘Earth Heat’ or ‘the Company’), an ASX listed New Energy Company, to jointly explore, bid for and secure geothermal project opportunities in…
Setting up the GCC Mortgage Market and Mortgage Takaful Guarantee Insurance Framework 17 March 2011, Grand Hyatt Hotel, Dubai – UAE Hawkamah is delighted to invite IPFA members to attend the 3rd Arab Real Estate & Urban Development Conference. This is a collaborative event between the Dubai International Financial Centre (DIFC), Real Estate Regulatory Agency (RERA) &…
