The North Carolina Department of Transportation, in cooperation with the Federal Highway Administration, proposed to improve 26 miles of I-77 from I-277 by introducing High Occupancy Toll lanes.

The proposed I-77 HOT project is a conversion and expansion of the current High Occupancy Vehicle facility that will provide growing communities and congested I-77 traffic with additional capacity

Sector: Transport

Geography: North Carolina

Project Size: US $663m

Paris Justice Court is a PPP contract to design, build finance, maintain and operate a new Justice Court in Paris . The new Justice Court will house 90 courtrooms and is expected to be visited by 8,500 people daily.  

The Project Agreement is 32 years, including a 5 year construction period. The term of the operation period is fixed to 27 years.

Sector: Government

Geography: Paris, France

Project Size: €605m

Mundaring Water Treatment Plant is the design, build, finance and operations of a new treatment plant near Perth, Western Australia. The plant will serve the Goldfields Agriculture region and will supply over 100,000 inhabitants with fresh water supply.

The project has been successfully operating since 2013 and we have recently completed the first senior debt refinancing as planned for a further 5 year tenor.

Sector: Water Treatment

Geography: Perth, Australia

Project Size: A$ 400m

Gershon Cohen is Global Head of Infrastructure Funds, abrdn. Gershon’s platform has USD$3bn of institutional capital under management and consists of 7 unlisted funds and associated investment vehicles invested in over 120 greenfield and brownfield infrastructure projects. He is responsible for the management, leadership and development of the concessions infrastructure strategy for abrdn and is a fund principal and chair of investment and associated committees of the platform. The platform operates from offices in London, Edinburgh, Paris, Madrid, Amsterdam, Sydney, Bogota and Bahrain with a team of 32 professional investors and other joint venture partners.

Previously Gershon held the position of CEO SWIP Infrastructure Funds & CEO Lloyds Bank Project Finance Equity and Funds, which involved the origination, investment and management of all infrastructure equity products across the UK, Europe, Australia and Americas. Prior to this, Gershon was Global Head of Lloyds Bank Project Finance. Gershon has played a pivotal role in structuring, arranging and providing innovative funding solutions to a range of ground-breaking PFI/PPP/P3 projects in healthcare, transport, wastewater and education over the last 20 years. Gershon led the fundraising efforts for the current platform. He sits and advises on many trade and governmental committees on infrastructure investment matters; has presented at numerous conferences and seminars; and has written a number of articles on PPP/P3.

In June 2015, we acquired 100% of Nordic Power AS, a portfolio of 13 newly commissioned hydropower plants from Nordkraft, a Norwegian utility controlled by the Narvik Municipality. Since acquisition, we have added an additional two plants to the portfolio, taking the total projected annual output to 160 GWh.

Key attractions:

• Attractive return and yield profile
• Core, power generation asset
• Proven technology, low operating risk and long asset lives
• Exclusive option over pipeline of new plants

Rock Rail Moorgate

Aquired February 2016. 25x6 carriage electric Siemens trains, serving Great Northern franchise Moorgate commuter lines, operated by Govia Thameslink Railway. Long term profile secured through lease arrangements with strong contractual obligations. No volume risk, no financing risk, inflation linkage and yield from day one.

Rock Rail East Anglia PLC

Aquired October 2016. 20x12 carriage electric Stadler trains, 24x4 and 14x3 carriage bi-mode Stadler trains serving the InterCity, Stansted Express and Regional lines of the East Anglia Franchise, operated by Abellio. Long term profile secured through lease arrangements with strong contractual obligations. No volume risk, no financing risk, inflation linkage and yield from day one.

Rock Rail South Western

Aquired June 2017. and 30x5 carriage electric Bombardier trains, serving key London commuter services on the South Western franchise, operated by First MTR. Long term profile secured through lease arrangements with strong contractual obligations. No volume risk, no financing risk, inflation linkage and yield from day one.

Rock Rail West Coast

Aquired December 2019. 10x7 carriage electric Hitachi trains and13x5 carriage bi-mode Hitachi trains serving the West Coast Partnership Franchise, operated by First Trenitalia. Long term profile secured through lease arrangements with strong contractual obligations. No volume risk, no financing risk, inflation linkage and yield from day one.

In June 2015, we acquired 100% of Auris Kaasunjakelu, the largest natural gas distribution pipeline in Finland, from Gasum Oy, a Finnish state controlled company. The pipeline provides local gas distribution to Helsinki and 11 surrounding areas.

Key attractions:

• Strong cash generation and yield
• Core infrastructure asset with regulated return
• Safe and stable operating and regulatory environment
• Safe, stable operating environment
• Recently upgraded asset base and low capex requirement
• Growth opportunities through acquisition

Aquired September 2017 interest in NGT UJV, and May 2018 stake in NGT B.V.. The NGT system consists of a pipeline and processing system that transports and treats natural gas that is produced in the Dutch Continental Shelf, and consists of:

• A 140km pipeline (“NGT Extension”) constructed in 1999
• A 178km ‘legacy’ pipeline (“Legacy Pipeline”) constructed in 1975
• An onshore gas processing plant (“Processing Plant”) at Uithuizen, the Netherlands

Aquired May 2019. Owner and operator of a state-of-the-art liquid bulk storage terminal located on the River Thames Estuary offering c.300,000 m3 tank capacity and unique access to pipeline connections, deep-water jetty and road loading facilities. Oikos currently handles jet fuel and diesel, and is critical to supplying jet fuel to Heathrow, Gatwick and Stansted airports and diesel to the South East and Midlands of the UK.

Aquired February 2019. Riihimäen Kaukolämpö Oy is the owner and operator of the district heating network in the in the City of Riihimäki and the surrounding areas. Riihimäki is a rapidly expanding “commuter city” located within 100km of Helsinki and Tampere, two of the most economically vibrant regions in Finland. The length of the network is 98.5km across the Riihimäki area and there are currently 739 clients connected to the network.

Aquired May 2019. UNITANK is a market leading independent infrastructure and services provider storing liquid oil products on behalf of strategic storage agencies and Oil & Gas majors. The company owns and operates five terminals in Germany and one terminal in Belgium, all in key strategic locations.

Aquired Juy 2019. Loimua primarily owns and operates 640MW of heat production capacity and 16 district heating networks across Central and Southern Finland. The networks cover c.500km and c.4,600 supply points.

Loimua produces DH and electricity, and sells and distributes district heating and natural gas in Häme, Central Finland, Northern Ostrobothnia and Heinola.

Aquisition began Q3 2019. 351 MW of ground-mounted solar photovoltaic farms spread between seven operational (Aurora I, II & III, Helios I & II, Eos, Ra) or being developed projects by local developers. Construction of first farms completed in mid-2018 with balance coming online by Q1 2021. Revenue underpinned by 15-year guaranteed tariff under Poland’s newly introduced contract for difference regime.

Acquired in November 2020, Airband is a provider of rural connectivity services in the West of England, historically through Fixed Wireless Networks (“FWA”). Since 2018 the business has pivoted towards providing Fibre to the Premises (“FTTP”), driven by UK Government led initiatives including subsidies, to promote significant investment in fibre infrastructure for rural areas and is targeting 675,000 homes passed by 2025.

Aquired December 2020, Outokummun Energia primarily owns and operates a regulated electricity distribution network, a district heating network and a small retail business in the City of Outokumpu, in Eastern Finland. The networks cover a combined length of 1,030km and approximately 5,280 electricity distribution and 4,260 energy customers. Additionally, Outokummun Energia owns and operates 50MW of heat production.