International Public Partnership Ld Additional Investment in Alberta Schools (5599B)
April 04 2013 - 4:23AM
UK Regulatory
TIDMINPP
RNS Number : 5599B
International Public Partnership Ld
04 April 2013
4 April 2013
Additional Investment in Alberta Schools
International Public Partnerships Limited (INPP), the FTSE 250
listed infrastructure investment company, is pleased to announce
that it has acquired the remaining 25% interest in the Alberta
Schools project in Canada that it does not already own
INPP, as the existing owner of 75% of the share capital in BBPP
Alberta Schools Limited, has signed an agreement with GVest GP Inc.
pursuant to which it has acquired the remaining 25% interest for
approximately GBP7.5 million.
The project is an availability based PPP project consisting of
18 schools, 9 in Edmonton and 9 in Calgary, under an agreement with
27 years remaining with the Province of Alberta.
INPP has been an investor in the project since inception having
overseen the design, construction, maintenance and renewal of the
schools as well as the provision of private sector finance.
Financial close on the original investment occurred in September
2008 and construction completion of all 18 schools was achieved by
June 2010, one month ahead of schedule.
The investment has been performing well and the additional
investment is expected to be accretive to the overall
portfolio.
For further information:
Amber Infrastructure
Erica Sibree +44 (0)20 7939 0558
Numis Securities
Hugh Jonathan/Nick Westlake +44 (0)20 7260 1263/1345
FTI Consulting
Ed Berry/Harry Stein +44 (0)20 7269 7297/7141
Notes to Editors:
About International Public Partnerships:
International Public Partnerships (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP), private finance initiative (PFI), regulated
asset and other similar procurement methods.
Listed in 2006, INPP is a long-term investor in 122 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and utility and transmission
projects in the U.K., Europe, Australia and Canada. INPP seeks to
provide its shareholders with both a long-term yield and capital
growth through investment across both construction and operational
phases of 25-40 year concessions.
Amber Fund Management Limited is the Investment Advisor to INPP
and consists of approximately 80 dedicated staff who manage, advise
on and originate projects for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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