Australian finance group Babcock & Brown is reported to be seeking to raise up to € 2bn ($2.7bn) to feather a new European investment fund for the future financing of ports and freight transport speculations.
The company is already well established in the ports and terminal sector, with its high profile investment in the UK’s PD Ports in 2006, the WCT inland terminal in Belgium, and a bulk terminal in Tarragona.
In related news, the Florida Department of Transportation has named the Miami Access Tunnel, a consortium headed by Babcock & Brown, as the preferred bidder to build and operate an $822m toll tunnel for Port of Miami traffic.
