INPP sees ‘positive’ infra market
30 August 2012
Infrastructure investment group International Public Partnerships (INPP) has signalled an optimistic note on the future of the PPP sector following its first-half results.
The investor reported over £200m growth in its net asset value during the six months to 30 June. Pre-tax profits reached £19.4m, up from £11.4m at the same time last year.INPP also raised £200m of new equity capital from shareholders – above the initial target of £180m – during the period, allowing it to increase its investment in projects coming to maturity.
Looking to the future, the investor said a good pipeline remains in place with opportunities in the UK coming from offshore transmission and follow-on investments through the Building Schools for the Future programme.
It also reported “promising” opportunities in Germany and Australia.
“The continued government commitment for infrastructure investment across the geographic regions in which we operate [means] the outlook for the sector remains positive,” said INPP chairman Keith Dorrian.
