16 Jul

Mike Baird rivals Prince Harry in popularity among Infrastructure deal makers

New South Wales Premier Mike Baird joked to an audience of bankers, lawyers and fund managers today the only function his wife really wanted to attend was to welcome the UK’s Prince Harry to Sydney .

“He’s a terrific bloke,” said Mr Baird of the British royal. “He promises to have a beer with me next time he is in Australia.”

Among financiers, Mr Baird’s popularity rivals the fascination many Australians have of His Royal Highness Prince Henry of Wales.

New South Wales is selling 49 percent of its electricity assets in a deal that may raise as much as A$20 billion ($14.9 billion). Mr Baird hinted today the sale of public infrastructure assets to fund more infrastructure spending, a term the Premier defines as “asset recycling,” may continue.

But speaking without notes to the Australian British Chamber of Commerce, Mr Baird was also careful not to give away any specific plans on asset sales.

The Premier, a former HSBC banker, said in a question and answer session with his audience that he was focused on cutting bureaucratic procedures for infrastructure projects, improving infrastructure in the area around Sydney’s northern beaches and seeking ways to improve the state’s digital infrastructure.

“We can stick our head in the sand or just lets do it,” said Mr Baird.

Other Australian states and the Federal government have also embarked on infrastructure sales making the country a magnet for global pension and sovereign wealth funds that want to acquire long-term, stable revenue generating assets.

The Business Council of Australia and PwC have estimated the equity value of Australian public infrastructure that could be sold may be as much as A$140 billion ($104 billion).

Since 2013 there have been 105 infrastructure deals announced in Australia worth $33 billion, according to Dealogic data.

There is as much as $40 trillion of infrastructure that needs to be built around the world, according to Mr Baird.

ansarada has recently been involved in A$29.6 billion worth of large-scale Australian infrastructure projects, including:

  • New South Wales’ Westconnex project worth A$10 billion
  • New South Wales’ North West Rail project worth A$8 billion
  • Victoria’s regional rail link worth A$3 billion
  • Western Australia’s and the Oakajee Port and rail development in Western Australia worth A$8 billion.

ansarada’s recent government advisory work totals $61.8 billion including:

  • The Melbourne Metro Tram and Tram financing worth A$20 billion
  • The sale of New South Wales electricity networks transaction worth A$20 billion
  • The sale of Queensland Motorways worth $7 billion
  • The sale of Port Botany and Port Kembla worth A$5 billion

 

Brett Cole

ansarada

Source - ansarada

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