Global trends in the private finance of major projects

At a time where the need for infrastructure investment is widely acknowledged, there are no shortages of both investment opportunities and challenges, and at a recent Major Projects Association event, chaired by GIIA’s Andy Rose, experts highlighted the current trends in global financing and debated the issues affecting the UK market.

In a wide ranging discussion on the theme of ‚ÄėGlobal trends in the private finance of major projects‚Äô, participants concluded that with current political and market uncertainties it is more important than ever that the UK creates an attractive environment in the aspects that it can control, whilst investors need to make their case to both the general public and the Government on the value of private finance and provide more objective analysis on the efficiency of private organisations in asset management.

A highlights report is available from the event click here to view the document.

GIIA joins the debate in Washington during US Infrastructure Week

GIIA is in Washington D.C. this week to participate in Infrastructure Week; a national event to elevate infrastructure as a critical issue impacting all Americans.

Highlights will include hearing about the Administration’s plans for infrastructure funding from Secretary Chao (Department of Transportation) at the kick-off event Time to Build America on Monday, and from a range of views at the event $1 Trillion for Infrastructure? Balancing Public and Private Sources, hosted by the Bipartisan Policy Center on Thursday.

Improving US infrastructure has support across the political spectrum and Infrastructure Week provides a respected national focus for moving the debate forward.  Throughout the week, we will also be meeting with thought leaders from think tanks and trade bodies to discuss the role of private investment in public infrastructure, the anticipated Infrastructure Plan and how GIIA and its members can contribute to the debate.

More information about Infrastructure Week 2017 can be found via this link:

http://infrastructureweek.org

GIIA helping to shape the UK’s first National Infrastructure Assessment

A Financing Roundtable to review barriers to bringing in private investment into infrastructure and how the UK Government might address these was attended by GIIA and a number of its member companies.

The event, organised and chaired by the National Infrastructure Commission (NIC), heard about the importance of Government providing a strong narrative for its infrastructure pipeline so that investors can prepare for and support Government’s aspirations. The regulatory model, underpinned by transparent and fair regulation, was seen as an excellent model to attract private capital. The output of the Roundtable will be used to inform the NIC’s first National Infrastructure Assessment.

GIIA engages with Canadian Government on National Infrastructure Bank

GIIA held a series of discussions this week with Ministers and officials representing National and Provincial Governments as Canada looks to implement the announcement in the Fall Economic Statement 2016 to create the Canada Infrastructure Bank.

CEO Andy Rose spoke at two events in Ottawa and Montreal organised by the CD Howe Institute under the theme; Building Institutional Investment Opportunities for Canadian Capital Projects. The events were attended by a number of CEOs representing industry including a number of GIIA member firms. There was also strong representation from Government.

Andy shared insights and lessons learned from his experience working within UK Government on similar projects including the formation of Infrastructure UK, now responsible for the £40 billion guarantee programme , and the establishment of both HCA-Investments and the Green Investment Bank.

Andy commented “the Canadian Government has made a clear statement of intent on the importance of infrastructure investment in its future economic growth and sees the IB as a critical element to attract private sector investment. GIIA strongly supports this initiative. I was very impressed with the quality and seniority of the participation at both the Roundtable and the Conference organised by the CD Howe Institute and it was a pleasure to have been able to share experience on this very important topic.‚ÄĚ

Following the events Andy returned to Ottawa for bilateral discussions with representatives of the Canadian Government.

GIIA Members brief UK Government on conditions for success in attracting private investment in infrastructure

The UK remains an attractive market for international investment but that should not be taken for granted. That was the overall message to Rt Hon Dr Liam Fox MP when GIIA members were invited to a briefing with the Secretary of State for International Trade on Thursday 12 January.

The International Trade Secretary heard from members that: ‚ÄėThe UK has a reputation for having a strong regulatory framework for privatised infrastructure where customers have benefited from long term investment in facilities and services and investors have been able to make stable returns on behalf of those individuals whose pensions and savings are invested. ¬†Nevertheless, investment decisions are based upon an assessment of risk and decision makers seek stability, certainty and positive sentiment towards private investors when determining where to focus their funds.‚Äô

CEO Andy Rose said: ‚ÄúWe were very pleased to be able to brief the Secretary of State on the infrastructure investment outlook and to discuss the conditions for success from both Government‚Äôs and the industry‚Äôs perspective. We look forward to further such engagement in the UK and in other markets where the expertise of our members can play a crucial role in delivering the infrastructure improvements that are needed to secure economic growth around the world.‚ÄĚ

GIIA continues momentum with Head of Policy and Public Affairs appointment

Claire Hobson has joined GIIA as its first Head of Policy and Public Affairs.  Claire has over 20 years of international and domestic policy and regulatory experience in business-facing roles including in London at the Business Department and in Paris for UK Trade & Investment.  She has delivered global trade & investment campaigns and supported EU regulation and international policy negotiations in addition to being instrumental in developing corporate culture policy including Women on Boards.

 

Claire said: ‚ÄúI am delighted to have joined GIIA at such an interesting time for investors and policy makers, where the case for taking a long term view on infrastructure investment has never been stronger.¬† I am looking forward to working with our Members in developing GIIA‚Äôs global advocacy role to ensure decision-makers understand the opportunities and benefits of private investment in infrastructure.‚ÄĚ

GIIA gives evidence to UK Treasury Committee Inquiry

GIIA’s CEO Andy Rose was called as an expert witness to give evidence to the Treasury Select Committee Inquiry into the Chancellor’s Autumn Statement 2016.

The hearing, held on Tuesday 13th December, was one of a series of sessions to scrutinise the content of the Chancellor’s plans and looked at the prioritisation, deliverability and financing issues associated with the UK Government’s future intentions around investment in national infrastructure.

Andy emphasised the value of long term private investment and called for greater clarity from Government on its future pipeline.

FT infra summit focuses on global politics and the role of private investors

GIIA’s CEO Andy Rose joined a number of leading infrastructure experts speaking at the Financial Times European Infrastructure Summit on November 30th.

Andy’s session followed an on stage interview with Lord Michael Heseltine, former Deputy Prime Minister, who spoke about the Brexit process and the uncertainties that surround this.

President-elect Donald Trump’s infrastructure plan and the ever changing political scene in Europe were themes under discussion at the conference. Andy, along with many of the speakers, emphasised the continued importance of infrastructure investment and the critical role of the private sector in enabling Governments in Europe to deliver high quality infrastructure for the societies they serve.