Leighton to delve further into PPPs

A newly appointed executive at Australian construction group Leighton will set up a new company to bid on PPPs.

Adolfo Valderas Martinez has been appointed chief operating officer of Leighton, moving to the company from Iridium Concesiones de Infraestructuras, an ACS Group company, where he was chairman and chief executive officer.

Valderez Martinez previously worked in transport and public works infrastructure and a key part of his new role will be the establishment of FundCo, a financing initiative to fund the group’s participation in future PPPs.

Earlier this year, Leighton established a centralised contract mining equipment company, named FleetCo, and has also been vocal in helping governments access funding sources to help meet the estimated $60trn in global infrastructure investment required by 2030.