The contractor building Edinburgh’s tram line is to launch a new global infrastructure fund.
It is hoped that the new Bilfinger Berger Global Infrastructure fund will raise £245 million at its launch on the London Stock Exchange next month.
Money raised through the share sale will be ploughed into a portfolio of 20 private finance initiative and public private partnership assets.
The portfolio is expected to be largely focused on roads and social infrastructure projects.
The German company has had a long-running dispute with tram company TIE over the creation of the Edinburgh tram network and was last year branded a “delinquent contractor” by former TIE chairman David Mackay. However, city council bosses have said the relationship has improved in recent times after the project was brought “in house”.