Global Infrastructure Partners invests in Philippines’ Aboitiz InfraCapital

The BlackRock owned infrastructure investor is targeting the region as it is being driven by "strong economic growth".

BlackRock, Global Infrastructure Partners and Terminal Investment will control the two ports in the Panama Canal; the deal includes ports in Asia, Australia, Europe, and the Middle East, but not in Hong Kong or mainland China. CK Hutchison's co-managing director Frank Sixt said the deal "is purely commercial in nature".

The combination of the US giants will create a global infrastructure powerhouse with over $150 billion in assets and a strong presence in Apac, and could help reduce project costs.

The US investment firm has appointed David Luboff to head the regional business as it continues to build out its infrastructure investment platform.

Private investors have been excluded from building Sydney’s second international airport, raising questions about who should build large-scale infrastructure projects.

The Japanese firm will invest $700m into the Philippines conglomerate as the two entities eye growth in infrastructure, energy, real estate, digital technologies, mobility and logistics.