LONDON (Alliance News) - Infrastructure investment company HICL Infrastructure Co Ltd on Tuesday said it has acquired a 30% interest in the M1-A1 Link Road project from FTSE 250-listed peer Balfour Beatty PLC.
HICL has acquired the interest in the project, which covers a link road between Lofthouse and Bramham in West Yorkshire, for GBP14.5 million in cash.
The project is a 30-year shadow toll private finance initiative concession to design, construct, finance and operate the motorway link road.
The consideration was financed via HICL's existing cash resources.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Balfour Beatty (BBY)
HICL Infrastructure (HICL)