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David Di Pilla is thee veteran dealmaker behind HMC Capital. He is close to securing the Global Switch Australia assets.

David Di Pilla swoops on $2b data centre group Global Switch Australia

The assets, two big developments in inner Sydney, will anchor a $1 billion real estate play that the veteran dealmaker intends to list later this year.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

This Month

Telstra’s Vicki Brady says the AI revolution needs to right infrastructure.

‘Not just going to happen’: Telstra boss warns on AI boom

Vicki Brady says Australia could miss out on a vital boost to productivity from artificial intelligence if it fails to build the core infrastructure required.

  • James Thomson

September

Delta Airlines

Airport valuations take flight as Queensland, Perth airport sales sign

Perth Airport’s holding value was 18-times earnings, while UTA sold at 20-times to – depending on who you ask – 22-times.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Victorian Transport Infrastructure Minister Danny Pearson on Thursday revealed that the Metro Tunnel, expected to open next year, will cost taxpayers an extra $1 billion.

Victorian taxpayers to be slugged another $1b for Metro Tunnel

The cost of the Melbourne Metro Tunnel has blown out again, this time to $13.48 billion, with the state government blaming unprecedented cost overruns.

  • Gus McCubbing
Santos has been trying to develop the Narrabri gas project in NSW for 14 years.

Santos cleared of coercion over Narrabri land access

The result of an inquiry into an Environmental Defenders Office complaint comes as NSW extended a Santos “authority to survey” for a pipeline for Narrabri gas.

  • Angela Macdonald-Smith
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Shell Australia chairwoman Cecile Wake says regulatory and policy settings are putting at risk investment vital to the transition.

Shell says ‘dysfunctional’ rules putting energy transition at risk

The London-listed group’s local chairwoman, Cecile Wake, says high hurdles for its gas projects are now emerging in its big renewable generation portfolio.

  • Angela Macdonald-Smith
Danny Pearson says it was not “appropriate” to provide crucial documents to the ANAO while it was conducting an audit into the federal government’s Suburban Rail Loop funding.

Minister claims ‘not appropriate’ to hand over rail loop documents

Danny Pearson says it wouldn’t have been right to give SRL documents to the federal government during an audit.

  • Gus McCubbing
Wherefore art thou, solar panels?

Why investing in infrastructure could help smooth the bumps

Understanding the key structural trends shaping the next decade will help identify the best opportunities in private infrastructure.

  • Andrew McAuley
Enel’s Bungala solar farm near Port Augusta was one of the projects where output was cut back.

Solar farm output wastage tops 99pc in South Australia

Almost all the output from SA solar farms was cut off at one point last Sunday as owners sought to avoid losses as a flood of renewables sent prices plunging.

  • Angela Macdonald-Smith
BAM Mutual’s new Melbourne office will be led by Australian native Andrew Bevan.

US bond insurance issuer lands in Australia, targets infrastructure

New York’s BAM Mutual has its eyes fixed on this country’s growing pipeline of energy transition and social need projects.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Equity deals are flying out the door as investors scramble for discounted stock in an expensive market.

Four reasons why Monday’s biggest deal flew out the door

After a years-long exodus of infrastructure plays on the ASX – from transmission line operators to wind farm owners – it’s slim pickings for local investors.

  • Updated
  • Anthony Macdonald
ETU workers at Transgrid, Ausgrid, Endeavour Energy and Essential Energy have enforced work bans which has led to over $25 billion worth of projects being delayed.

Electrical Trades Union win risks more delays for projects worth $25b

It has successfully overturned a two-month suspension of Transgrid workers’ protected industrial action.

  • David Marin-Guzman and Campbell Kwan
iseek founder Jason Gomersall sold a majority stake to Amber in 2021.

QIC locks horns with David Di Pilla at $400m data centre biz iseek

Make no mistake, iseek is about 60 times smaller than AirTrunk but it’s still a way to play the artificial intelligence theme.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
An artist’s impression of what the Sun Cable project may look like.

Sun Cable undaunted as Indonesia cuts in on Singapore exports

Singapore has granted conditional approvals for several Indonesian clean electricity export ventures, but also increased its target for imports.

  • Angela Macdonald-Smith
Infrastructure Minister Catherine King has flagged further blowouts in Australia’s $125 billion road and rail pipeline.

King flags road and rail blowouts amid ‘severe’ budget constraints

Despite parochial outrage about road and rail funding, WA and NSW have signed up to Labor’s funding deal, though the Infrastructure Minister has flagged more cost blowouts are coming.

  • Ronald Mizen
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TPG Telecom boss Inaki Berroeta needs to add at least another 100,000 customers to make the regional sharing deal break even.

Vodafone gets a start in the bush, now to make it work

Vodafone’s never been able to justify going to the bush. It needs at least 100,000 more customers to make its new deal work.

  • Anthony Macdonald
There’s no shortage of designs for new social and affordable housing. The $10b HAFF offers a new way to get over the funding hurdles.

Social housing offers 8-12pc infrastructure-like returns

As Australia grapples with how to channel institutional money into new housing, the $10b HAFF fund offers a way to invest that Australia hasn’t had before.

  • Michael Bleby
Jemena managing director David Gillespie.

GIP dealmakers march ahead with Jemena acquisition

Jemena is the largest gas distributor in NSW, with about $11 billion in assets.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
comp

How AirTrunk helped make the careers of these bankers

The $24 billion sale of the data centre business was making waves long before this week.

  • Anthony Macdonald
Tom Matthews, Pemba.

Pemba Capital makes a splash with Sequana

The mid-market private equity shop has taken a majority stake in water advisory business Sequana, marking the firm’s fourth investment this calendar year

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Original URL: https://www.afr.com/topic/infrastructure-hqi