Yesterday
- Opinion
- Opinion
There’s value in big government spending done right
The private-public partnership championed by Anthony Albanese that is transforming the supply chains is a role model for underwriting critical minerals expansion.
- Tony Boyd
This Month
Chairman swap at Plenary Group after arrival of Abu Dhabi wealth fund
Next up would be replacing the two board seats held by Canadian pension fund Caisse de depot et placement du Quebec.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Florence, the Snowy 2.0 machine, is stuck again
Snowy Hydro does not know how long it will take to restart the Florence boring machine on its $12 billion Snowy 2.0 pumped hydro scheme after it stopped tunnelling.
- Jenny Wiggins
Governments ‘should report cost blowouts just like companies do’
State governments should be held to the same reporting standards as ASX-listed companies when it comes to major projects, Marion Terrill says.
- Gus McCubbing
- Opinion
- Chanticleer
Why a rubbish collector is the ASX’s most vulnerable big company
Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.
- Updated
- Anthony Macdonald
Gupta’s $500m Whyalla steelworks upgrade delayed by two years
A plan to produce green steel will now be pushed out until 2027, the company said. It is already grappling with issues that have shut down the furnace.
- Simon Evans
Labor adds $16.5b road and rail projects
The government committed $16.5 billion to road and rail projects, including $4.1 billion for 65 new developments – just 12 of which were revealed in the budget.
- Ronald Mizen
Eyes on Transgrid as super funds bail out of $8b infra fund UTA
Sources say Aware Super has hired Campbell Lutyens, a specialist in moving illiquid investments for institutional investors, to shop a $600 million stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Rail
Labor warned of risk from Victoria’s $200b rail loop
Infrastructure Minister Catherine King is fighting to keep secret the details of 30 projects that her hand-picked review said should be scrapped, as well as warnings over Victoria’s controversial Suburban Rail Loop, which will cost more than $200 billion to build and operate.
- Ronald Mizen
House builders can’t compete with states’ cash splash
In the race for talent and materials in Australia’s construction game, housing has consistently run in second place to the infrastructure sector.
- Michael Bleby
Energy funding chopped under weight of Victoria’s debt
Experts say this week’s state budget shows the Victorian government has prioritised major transport projects over the energy transition.
- Gus McCubbing
NSW, developers at loggerheads over infrastructure contributions
Scrapping two new developer levies in NSW would clear the way for at least 50,000 extra homes over five years, according to the property industry.
- Campbell Kwan
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie readies sale of $450m-a-year Kinetic; seeks 10x multiple
Kinetic recently ruled off a $1.6 billion refinancing which Macquarie reckons puts it in a position to accelerate the decarbonisation of its fleet.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kerry Stokes ‘cannot cop criticism’
Teal MP Zoe Daniel has accused billionaire Kerry Stokes of anti-democratic behaviour after Seven West Media doubled the cost of printing the AFR. Here’s how the day unfolded.
- Updated
- Gus McCubbing
- Opinion
- Property development
Housing construction is collapsing around Australia. Here’s why
Developers can charge buyers more, or the costs can come down to make apartment developments viable. It’s clear which is better, Robert Harley writes.
- Robert Harley
Ventia creates careers for people with disabilities
ASX-listed infrastructure services company Ventia has increased the representation rate on some government contracts to 9 per cent.
- Larry Schlesinger
April
QIC, Partners Group eye $2b Global Switch Australia; bids loom
Indicative offers are due May 5 and Global Switch’s owners have instructed UBS to then fast-track the auction’s binding bid stage
- Sarah Thompson, Kanika Sood and Emma Rapaport
AirTrunk’s owners set NBIO deadline for $15b sale
Bidders have been given until the end of May to submit first-round bids, in what will serve as an early gauge of AirTrunk’s much-touted $15 billion price tag.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW Land Registry Services’ owners acquire NatWest’s 20pc stake
The deal was completed on Monday and is set to be announced this week.
- Sarah Thompson, Kanika Sood and Emma Rapaport