LONDON--International Public Partnership Ltd. (INPP.LN) said
Tuesday the Bazalgette consortium, in which it is a member, has
been appointed preferred bidder for the 4.2 billion pound ($6.51
billion) Thames Tideway Tunnel license.
The listed infrastructure investment company will invest up to
GBP210 million in the project, with the residual risk capital being
funded by the remaining consortium partners. The consortium also
includes Allianz SE (ALV.XE), Amber Infrastructure Group, Dalmore
Capital Ltd., DIF and Swiss Life Asset Managers.
The consortium will now work with the stakeholders, including
Thames Water, the Department for Environment, Food and Rural
Affairs and Ofwat to reach financial close/licence award, which is
expected this summer, the company said.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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