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AMP Capital completes $22 million infrastructure investment
AMP Capital has invested an additional $22 million in Interlink Roads as part of a plan to widen Sydney's M5 South West Motorway.
The $400 million project is expected to deliver investor returns predominantly through an extension of Interlink Roads' toll concession period to December 2026, AMP stated.
With construction to be completed by December 2014, AMP Capital head of infrastructure Australia Paul Foster said its specialist infrastructure team had been involved in the project from the beginning and co-led negotiations with the NSW Government on behalf of Interlink's shareholders.
According to AMP, the latest transaction is in line with its investment strategy of acquiring and developing infrastructure assets to generate long-term returns for its superannuation client.
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