UK: Infrastructure concession investor Plenary Group has opened a London office to support its plans for expansion in Europe.
Plenary currently has 79 assets worth more than US$45bn under management in Australia, Canada, the USA and the UAE. Transport projects include Toronto’s Ontario Line and the Metrolinx east rail maintenance facility, Waterloo light rapid transit, Queensland’s Gold Coast light rail, Melbourne’s high capacity metro trains and the Sydney metro.
‘The strength of our PPP project development experience in Australia and North America has presented opportunities for us to export our skillset to other regions adopting PPP-like models’, said Chief Investment Officer Paul Crowe on December 7.
‘We are encouraged by the pipeline of likely infrastructure projects across the UK and Europe and the next 12 months will see us focus on greenfield infrastructure investment, particularly in social housing, justice, roads, metro systems, water and decarbonisation projects.’
He said the company is to bid on three projects in 2023, and is in ‘active conversations’ about others.
