Our Expertise
Developing, financing, operating, and maintaining the world’s most important infrastructure projects
We are infrastructure developers with broad experience in the development financing, operations, maintenance, and asset management of infrastructure projects. Our focus is to deliver projects for our clients that showcase the best of what the industry has to offer. From start to finish our goal is to always ensure safety, efficiency, environmental responsibility, and shared community contracting opportunities – all while delivering projects with a highly sustainable approach.
What We Do
Project Investment & Finance
We put our equity to work in public projects across the globe.
We commit considerable resources to help move projects forward. Our skilled team creates innovative project approaches that can help make the most difficult concepts become reality.
With experts in all phases of transportation project delivery – from overall management to traffic and revenue analysis, technical approaches, finance, contract/legal considerations, and long-term maintenance and operations – we provide unique solutions to all kinds of projects.
Key among our development approaches is assessing project-specific business cases, and developing commercial and financial structures that optimize key components to provide the highest value for money through a balanced risk approach.
We are proud to have participated in the development of some of the most remarkable and innovative infrastructure projects in the market, including:
- Largest P3 in Spain & Urban Tunnel in Europe: M-30 Highway
- First P3 for the Longest Fully Automatic Metro Line in Europe: Barcelona Metro Line 9, Sections 2 & 4
- First P3 Hospital & Most Important Healthcare Contract in Castilla-La Mancha: Hospital Universitario de Toledo. Spain
- First Automatic Underground Transit System & Largest Transportation P3 Project in Perú: Lima Metro Line 2
- First P3 Availability Hospital in Spain: Son Espases University Hospital
Project Investment & FinanceOur project finance approach includes using a vast array of financial instruments to fully optimize any financing structure. Our projects have utilized the full spectrum of financial structures, including private placements, long-term bank financings, broadly marketed long- and medium-term bonds, Transportation Infrastructure Finance & Innovation Act loans, Project Bond Credit Enhancements, export credit agencies SACE (Italy) and ICO (Spain), and various hybrid structures.
Key financial structures include:
- Largest P3 Bond in Latin America ($1.15 billion) & First Syndicated Loan ($800 million) in Peru, Both Backed by Progress-Linked Payment Obligations: Lima Metro Line 2
- Largest P3 Refinancing in Spain: €1.505 billion for Barcelona Metro Line 9, Sections 2 & 4
- Longest Bridge Post-Tensioned All Concrete Extradosed Spans in the World: €145 million of private placement to finance the N25 New Ross Bypass.
- Project Financing & Refinancing of the Biggest Hospital in Europe: Hospital de Toledo
- First Hybrid Financing Between Private Placement & EIB: M11 Gorey to Enniscorthy
IRIDIUM provides a team of specialists with a whole life view of project development, as well as advanced skills in the day-to-day operations and maintenance of projects. Starting all projects with the end in mind, our team focuses on optimizing design and construction elements to eliminate operations and maintenance challenges after a project is complete.
We are focused on meeting or exceeding operational performance requirements through cost effective project-specific approaches that always put the asset user and the project owner in the forefront of our efforts. Minimization of asset disruption is key to our performance approach.
IRIDIUM takes a leading role in the long-term operations and maintenance of its infrastructure assets. As part of our commitment to excellence and accountability, we partner with international infrastructure operators and technology providers to deliver best-in-class and project-specific operation and maintenance services to infrastructure users and owners.
We actively pursue value creation in the financial management of our portfolio of concessions. This can include refinancings, corporate and equity loans, and treasury management. We further achieve growth of our portfolio and optimize value for our shareholders through sales and acquisition of assets.
IRIDIUM’s proven track-record in M&A and value creation is well recognized in the industry, and its know-how plays a pivotal role in managing the ACS Group’s €16.5 billion investment in Abertis, one of the leading toll road operators in the world.
Key transactions include:
- Abertis’ First Acquisition in Mexico: Red de Carreteras de Occidente, with an enterprise value of €5 billion.
- Partial Sale of Equity Participation in a Portfolio of Toll Roads in Spain: Aumancha/Inversora, Reus-Alcover, Santiago Brión Highway, Aupisa, Autovía del Pirineo, and Eje Diagonal, with an aggregate enterprise value of €1 billion.
- Partial Sale of Equity Participation in a Portfolio of Hospital P3s in Spain: Majadahonda University Hospital and its operating company, Son Espases University Hospital, Can Misses Hospital and its operating company, 10 health centers in Mallorca, and New Toledo Hospital Complex, with an aggregate enterprise value of €1.1 billion.
- Partial &Total Sale of Equity Participation in a Portfolio of Metro Lines P3s in Spain: Sevilla Metro Line 1, and Barcelona Metro Line 9 Sections II and IV and its maintenance company, with an aggregate enterprise value of €2 billion.
- Partial Sale of Equity Participation in a Portfolio of Intermodal Transportation Hubs in Madrid, Spain: Avenida de América, Plaza Castilla, and Príncipe Pío Intermodal Transportation Hubs, with an aggregate enterprise value of €0.4 billion.
Deals in the Americas
Into New Business
Sectors
IRIDIUM’s global expertise spans multiple sectors of the infrastructure industry. From signature bridges that have become community icons, to new roadways, railways, and intermodal centers that connect people and businesses, to facilities that house state-of-the-art medical centers – IRIDIUM does it all.
