Monthly Archives: June 2013

Inside the Thameslink deal, part 1

So, the Thameslink rolling stock contract (see below) is finally signed, the finance is signed (on Thursday 27) and Siemens is unquestionably delivering those trains. I’ve been on the phone to some very well-placed sources to try and sift fact … Continue reading

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Could the British government take over the M6 Toll for free?

The latest investor presentation from Macquarie Atlas Roads details in buttock-clenching detail the performance of the M6 Toll, Britain’s only privately financed major toll road, and it is not a pretty sight. I blogged in April about the state of the … Continue reading

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UK spending review: stand by for reheated infrastructure

Monty Python fans should stand by for a cameo role from a Machine That Goes Ping tomorrow, as chancellor George Osborne unveils his 2015-16 spending round. I refer to the microwave oven, because I can guarantee that almost every infrastructure … Continue reading

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AXA makes a splash

This week’s announcement by AXA that it will set up an infrastructure debt fund with €10 billion of its own funds is a rare occasion when the term ‘game-changer’ is not being abused. The French insurance giant’s fund, focusing on … Continue reading

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Thameslink trains: nearly there, and already started

Today’s announcement from the UK Department for Transport that it’s formally awarded (but still not signed) the public-private partnership contract for Thameslink trains to the Siemens’led consortium is hardly a surprise. It comes just two days after credit ratings agency … Continue reading

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Pension funds and insurers aren’t messing around

The UK Treasury will be heartened to see that pension funds and insurers are slowly making inroads into the financing of new infrastructure – which, as previously discussed, they need to do if that infrastructure is to get financed. It … Continue reading

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