Raconteur ‘Future of Infrastructure’ Report in The Times

GIIA is once again pleased to be a Publishing Partner for Raconteur’s ‘Future of Infrastructure’ special report featured in The Times. Alongside contributions from our member companies, Stonepeak, Infracapital and IFM, CEO Lawrence Slade discusses the scale of investment required to meet societal and climate challenges that the UK infrastructure sector faces.

‘The UK needs to invest around £600bn to meet its infrastructure needs over the next decade, with half of that expected to come from the private sector. To achieve this, we need changes to the model of economic regulation of the energy, water and telecoms industries’ – Lawrence Slade. 

Click here to read the full report.

Podcast: Talking Global Infrastructure Episode 3

In the third instalment of Talking Global Infrastructure, GIIA’s CEO Lawrence Slade and guests David Quam, GIIA’s Washington Representative and Tom Curtin, Program Director for Infrastructure at National Governors Association, dissect the present situation in the United States infrastructure landscape. Lawrence, David and Tom discuss how the Infrastructure Investment and Jobs Act (IIJA) will have an impact long term and how to deliver more and better infrastructure, at a faster rate, through partnership between States and Cities and private investors.

Click here to listen: Talking Global Infrastructure Episode 3: US Infrastructure – The Role of the States

Decarbonising Transport Webinar: The Path to Net Zero for Aviation

In June GIIA hosted a webinar, which was the second event in our Decarbonising Transport series alongside CMS.

The webinar was a great success and welcomed some fantastic insights from our panel of industry experts in the sustainable aviation industry from CMS, ACI Europe (Airports Council International), Jet Zero Council, Manchester Airports Group and PA Consulting, on the topic of the challenges and opportunities investors face as they seek to decarbonise the aviation industry to meet the Net Zero commitments of nations around the world.

Click here to watch the webinar recording.

 

 

GIIA/DG MOVE Workshops: Supporting the push to decarbonise transport in the EU

The push to decarbonise the European Union’s transport infrastructure, as set out in the Fit for 55 package, requires a substantial injection of investment from the public and private sectors. This is largely dependent on the policy and regulatory environment in the EU that brings certainty about the long-term value of investing in technologies and alternative fuels such as electric, hydrogen and biomethane.

Whether it’s more super chargers for you to plug your electric car into, storage facilities for sustainable aviation fuels at airports, or supply lines needed to power ships docking at sea and inland ports to reduce onboard emissions, you can be sure that decarbonising our transport system requires immense planning and cooperation.

That’s why GIIA recently brought together investors, advisers to the sector and the European Commission’s Directorate General for Mobility in Transport (DG MOVE). Over a number of weeks, GIIA members and DG MOVE discussed important issues related to alternative fuels & urban mobility, waterborne transport and sustainable aviation. Members had the opportunity to question DG MOVE on important considerations, such as progress of the Alternative Fuels Infrastructure Regulation which will inform EU targets on different fuel infrastructure and the taxonomies of waterborne and aviation infrastructure.

DG MOVE also presented updates on funding models and financial instruments designed to support investors to de-risk investments across the three areas, such as through use of the Alternative Fuels Infrastructure Facility (AFIF) and InvestEU. There was also discussion on the progress of ReFuelEU Aviation and ReFuelEU Maritime initiatives.

Following the sessions, GIIA CEO Lawrence Slade and EU Policy and Public Affairs lead Harvey Chandler met with DG MOVE’s Director for Investment, Innovative & Sustainable Transport in Brussels to discuss what additional progress can be made at the EU level to spur further investment from the private sector. Both sides agreed on the need to maintain a dialogue to ensure our members were kept informed of developments and the Commission were informed of investor sentiment towards initiatives designed to accelerate investments. We look forward to further engagement on these issues in the future.

GIIA will also be publishing a decarbonisating transport position paper in Q4 2022 to help inform policymakers of the needs of private infrastructure investors to help them play their part in meeting the ambitious targets in the Fit for 55 package and helping to truly decarbonise the European Union’s transport infrastructure.

If you’re interested in learning more about GIIA or are a member interested in joining future meetings with the European Commission, please contact Harvey at hchandler@giia.net

Podcast: Talking Global Infrastructure Episode 2

In the second episode of GIIA’s new podcast: Talking Global Infrastructure, Deputy CEO & Director of Corporate Affairs, Jon Phillips discusses the Regulating for Investment Report produced in partnership with Flint Global, alongside Mark Caines, who is a Partner in Flint Global’s regulation and competition practice.

The net-zero vision of the UK with affordable, high-quality and resilient infrastructure that is capable of meeting society’s expectations in the 21st century is one we all share. But we will not get there without a programme of urgent policy and regulatory reform. In the report, GIIA makes recommendations for an overhaul of the policy and regulatory framework in order to meet societal and climate challenges and incentivise investment in a way that is efficient and affordable over the long-term.

Click here to listen: Talking Global Infrastructure Episode 2: Regulating for Investment Report with Flint Global

Podcast: Talking Global Infrastructure Episode 1

In this first episode of GIIA’s brand new podcast: Talking Global Infrastructure, CEO Lawrence Slade discusses the highlights of the GIIA Global Asset Database report produced in partnership with EY, recent and future trends in infrastructure investment and the positive social and economic impacts that GIIA member investments deliver across 6 continents and 70 countries.

Guests this episode are Udit Gandhi, a Partner in EY’s Transaction Advisory Services Practice and Mike Parker, EY’s Americas Infrastructure Leader.

Click here to listen: Talking Global Infrastructure Episode 1: The Global Asset Database with EY

Global Asset Database Report

The total value of GIIA members’ combined infrastructure assets under management has increased by $340 billion according to the latest GIIA Global Asset Database report, produced in partnership with EY.

The 2022 report captures the positive social and economic impacts that GIIA member investments deliver across 6 continents and 70 countries.

Highlights of the report’s findings include:

  • $1.28 trillion AUM
  • 2,000+ assets across 70 countries
  • Energy and water services to 118 million customers across a 1 million km gas pipeline and 2.1 million km electricity transmission grid
  • Global connectivity through a 4 million km fibre grid and cellular signal via 610,000 towers and masts
  • Pivotal global trade infrastructure through 310 ports which carried 910 million tonnes of freight – 1/10 of global trade
  • 152GW of renewable energy, avoiding 220 million tonnes of CO2 emission
  • Educating students through 1,540 facilities
  • Critical care to the most vulnerable via 1,470 hospitals

Click here to read the full report.

Extent of GIIA Members Contribution to UK’s ‘Levelling Up’ Agenda

GIIA has unveiled new research that shows the extent of its members’ infrastructure investments around the UK at a roundtable event that brought together members of the investor community and the Minister for Investment, Lord Grimstone of Boscobel Kt.  The discussion highlighted the extent of the contribution that private investment can, and is, making not only to achieving Net Zero but also to the government’s levelling up agenda, set against the backdrop of the Levelling Up and Regeneration Bill unveiled in the government’s legislative agenda for the forthcoming Parliamentary Session on 10th May. This new legislation will seek to stimulate economic growth in targeted areas of the country, while also working to enshrine the role and opinion of communities, within the planning/development process.

As the map of GIIA members’ assets illustrates, investors are already actively fulfilling levelling up objectives through geographically diverse investment portfolios. Across England’s Northern and Midland regions, GIIA members have invested £32 billion, close to one third of the UK total investment in core infrastructure (£110 billion). This critical investment translates to 3.5GW of renewable energy capacity, 150 million freight tonnes 34% of UK total freight tonnes for 2020, carrying 14 million passengers through Manchester, Liverpool, Leeds and East Midlands airports.

Importantly, GIIA members have also provided critical social infrastructure in the form of 33 hospitals totaling 16,850 beds; supporting the education of the next generation of English children through 137 school buildings; and assisting the most vulnerable in society by providing 1,500 rooms of social housing. Furthermore, GIIA members have equally had a significant impact in the UK’s devolved nations, investing over £35.5 billion in Scotland, Wales and Northern Ireland. As an example of the benefits that geographically targeted investment can bring, Scotland alone provides 4.3GW of vital clean renewable energy both to its own nation and the wider Kingdom.

A key part of ensuring that private investment continues to be able to deliver sustained improvements for local communities is the need to facilitate dialogue between local representatives (such as metro mayors) and the investor community. Investors discussed the role that the newly created UK Infrastructure Bank could play here, particularly given its advisory function which can act as conduit between local authority leaders and infrastructure investors.

The Minister outlined progress that had been made in applying the ‘investment lens’ to a number of BEIS policy areas – including on hydrogen – related investment opportunities, with hydrogen seen to present a key opportunity for future development.

As Lord Grimstone explained, geographically targeted investments often have the capacity to act as a precursor to manufacturing jobs within a given area, which can be perceived as an organic and sustainable way of levelling up a given area, through generating employment opportunities that offer above-average levels of wages, as well as a number of apprenticeship places. GIIA’s members are playing an important part in helping foster increased levels of social capital, including employment opportunities, within geographical areas that have historically been neglected.

Industrial clusters are perceived as having a great deal of untapped potential that is anticipated to be explored during forthcoming ‘tracks’ of cluster development including in Teesside, as outlined by the government. A key consideration is the perceived reliance of clusters on hydrogen and carbon capture, in order to decarbonise their bases – something that remains attractive and investable, for members of the investor community while simultaneously delivering on levelling up objectives.

Other areas explored during the roundtable included the need for security of supply within the energy sector – compounded by the circumstances of the war in Ukraine, as well as the unprecedented cost of living crisis. The government’s Energy Security Bill aims to address these concerns and ensure that new energy sources such as hydrogen are supported through leveraging transformational levels of public and private capital to build domestic supply capacity, deliver for consumers and ensure long-term stability for the UK.

The conversation touched on the need to establish an enduring regulatory regime that investors can have confidence in, through restoring predictability within the domestic regulatory framework. As underscored in GIIA and Alvarez & Marsal’s most recent ‘Pulse Survey’, an unattractive regulatory environment remains a primary deterrent for investors when making the decision to invest in a given country. GIIA’s forthcoming ‘Regulating for Investment’ report will seek to make recommendations to bolster the UK’s attractiveness as a global investment destination.

GIIA’s latest roundtable once again displayed its capacity for consensus-building by exploring areas of alignment between the government and investor community. Not only will future investment decisions help the UK to level up, it will also consolidate the delivery of infrastructure that is fit for purpose and resilient enough to withstand an evolving set of economic and climate-related challenges.

Click here to view the map of GIIA Members’ UK Regional Asset Statistics.

Euromoney Masterclass in Infrastructure and Project Finance

GIIA is delighted to support the upcoming Masterclass in Infrastructure and Project Finance in partnership with Euromoney Learning and IJ Global, which brings together some of the world’s most experienced infrastructure and project finance experts into a six-week self-paced online programme.

Join this masterclass and you will:

  • Master the process of valuing, financing and structuring project and infrastructure deals to mitigate risks and add value to your organisation
  • Gain actionable insights and hands on experience from world-renowned industry experts including Robin Earle, James Stewart, Chris Heathcote, Ian Dixon, Jon Phillips and many others
  • Expand your professional network with our expert contributors and your peer attendees
  • Apply your learning to a competitive team advantage through a series of practical assignments and collaborative group work
  • Fit learning around your life through a flexible and social way to expand your existing knowledge base

Wherever you are in your career, or the world, the Masterclass in Infrastructure and Project Finance can help you achieve your goals.

To find out more about how our expert contributors can help you develop, to view the detailed agenda, or the Masterclass learning experience, download the brochure here.

Members of GIIA’s Emerging Leaders in Infrastructure network can benefit from significant discounts when registering for the Masterclass and for other Euromoney Learning courses, for the discount code, please email efunnell@giia.net.

Register your place by June 17th to receive the discount.

We hope to see you at this masterclass!

Infrastructure Pulse Survey Q2 2022

GIIA is pleased to launch the results of the latest Infrastructure Pulse Survey for both the Americas and European markets, produced in partnership with Alvarez & Marsal.

The Q2 2022 Pulse Survey provides a track on market sentiment among infrastructure investors and insights on emerging trends and barriers to investment. Key findings include:

• There is an increasingly positive outlook for, and attractiveness of, all key Western European markets with a notable increase in the UK and further strengthening in the Nordics where opportunities continue to arise across transport, renewables and healthcare.

• The UK continues to emerge from the shackles of Brexit and a period of regulatory uncertainty and has re-secured its standing as the most attractive European market for infra investors, with a strong outlook and increasing local activity driven by big ticket utility, altnet fundraising and energy transition transactions including landmark deals in the EV charging space.

• Regarding the United States, investor sentiment remains strongest across global markets and sustained at the levels recorded in Q4-21, due to the more stable nature of infrastructure investments in the face of higher inflation and economic uncertainty.

• The shift away from fossil fuel related infrastructure continues with sentiment for carbon-heavy assets, particularly oil and gas, remaining negative even as European countries pivot away from Russian gas and seek to bridge the short-term energy gap.

• Growing ESG requirements outweigh the attractive returns that might be generated from new oil and gas infrastructure. This flows through the survey responses with a further marked increase in the importance of ESG factors to investment decisions and respondents citing climate change as the most significant ESG challenge. The pivot towards energy transition and Net Zero continues with investors seeing increasing opportunities across all sustainable subsectors from renewable generation to EV charging and batteries.

To read the full report, click here.

Click here to listen to GIIA CEO Lawrence Slade, talk with Jay Moody and Jason Clatworthy from Alvarez & Marsal about the results of the Q2 2022 survey.