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Three Danish pension funds enter DKK430m public-private partnership

first_imgThe five businesses said in 2012 they were setting up a “one-stop shop” to help public authorities plan, build and finance construction projects and envisaged investing up to DKK5bn together in infrastructure and real estate PPPs.PensionDanmark said the consortium was chosen by the Region of Southern Denmark municipality in what would be the first public-private hospital construction project in Denmark, and one of the biggest standalone PPP projects of any kind in the country.The three pension funds will provide the financing while MT Højgaard will be responsible for construction and operation for a 25-year period in conjunction with DEAS. Work on the new hospital, which will be connected to Vejle hospital via a 200m tunnel, is planned to start this summer. MT Højgaard said the new facility would have a total value of about DKK930m.It will have 91 beds, plus eight beds in an emergency unit, as well as a psychiatric outpatient clinic for children and young people.The project consists of eight cluster houses gathered around common areas and recreational patios. The buildings will be two storeys high with a total area of 17,000sqm and be ready for use by the end of 2016. PensionDanmark, PKA and Sampension are investing DKK430m (€57.6m) jointly in a public-private partnership (PPP) deal to build and operate a new psychiatric hospital in the city of Vejle.The project is the first to be undertaken by the consortium of the three labour market pension funds, Nordic contractor MT Højgaard and property administrator DEAS since the firms announced a partnership in December 2012.Torben Möger Pedersen, managing director at PensionDanmark, said: “We are really glad to have the opportunity to invest in this ground-breaking PPP project.“The investment will give members a good and stable return for many years and at the same time ensure patients and staff get high-quality physical conditions.”last_img read more

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Badgers set for match vs. SBU

first_imgThe Badgers will take on the St. Bonaventure Bonnies in Madison in the third round of the WNIT.[/media-credit]With one WNIT victory under its belt, the Wisconsin women’s basketball team is set to host St. Bonaventure at the Kohl Center Thursday for a third round matchup.The Badgers advanced after rallying Sunday to defeat Kentucky 49-45 after a slow start that made evident just how rusty Wisconsin was following a 15-day layoff.Now, head coach Lisa Stone hopes her squad is ready to get back on track and make a run for the WNIT title.“I’m proud of our kids because that first game is always the hardest,” Stone said. “Anytime you’re playing in March it’s great. Our players want to continue to compete, and we could end the season with a ‘W.’ That’s encouraging for us.”Wisconsin (19-14) will take on a St. Bonaventure team that finished tied for fourth place in the Atlantic 10 conference and is enjoying its first postseason berth in program history. The opportunity to keep playing in late March for the first time is one that will make the Bonnies an even tougher opponent than they would be normally.“Everybody’s got to come ready to play,” junior guard Rae Lin D’Alie said. “This is the first time they’re in the tournament so they’re probably jacked, and they’ve got a lot of seniors, so they’re going to play hard and they’re a smart team.”The Bonnies (22-10) are a small, perimeter-based team, something that will help the ailing Badgers and their new lack of depth inside.Offensively, forward Dana Mitchell leads St. Bonaventure with 15.7 points per game, which is good for second in the Atlantic 10. Despite Mitchell’s size at 6-foot-1, she frequently plays on the perimeter, posing matchup problems for opposing forwards.“[Mitchell] is versatile both inside and out and she’s looking to score all the time,” Stone said. “She’s guard-like as a post, and we’re going to start Caitlin (Gibson) on her. Caitlin has length, so I’m hoping that works.”With forward Lin Zastrow going down in the Badgers’ victory Sunday, UW has been forced to insert Gibson — who has started just one game this season — into the starting lineup.Gibson played perhaps her best game of the season Sunday, scoring a season-high eight points, along with a season-high five rebounds in 22 minutes of play, also the most she has played during her senior campaign.Wisconsin will look to use its size advantage with Gibson and sophomore forward Tara Steinbauer inside, a combination that led the Badgers to victory in their first WNIT game.“It was hard losing Lin, but St. Bonaventure is a smaller team, so we still have some size on them,” junior guard Teah Gant said. “We just have to stick to what we’ve been doing. We still have Caitlin and the other three post players, so we’re just going to stick to the same game plan.”“Caitlin will do a great job inside for us,” D’Alie added. “We’ll establish an inside game right off the bat and it should be good.”Another strength for the Bonnies is their accuracy from beyond the arc, shooting an Atlantic 10-best 36 percent from 3-point range on the season.UW starting guards D’Alie, Gant and Alyssa Karel, along with key reserve Jade Davis, will be faced with the task of defending the Bonnies’ strong 3-point shooters, a category in which the Badgers rank eighth in the Big Ten on the season.“It’s very important for all of us to step up, especially the guards,” Gant said. “They really get you spread out so we have to make sure we stick to our defensive principles and make sure we work as a team the entire game.”Though Wisconsin hoped to earn an NCAA bid, the Badgers understand the opportunity presented by the WNIT and are taking it as seriously as they would any other postseason tournament.“We’re kind of disappointed that we didn’t have a good enough r?sum? to get an NCAA bid,” Gant said. “But the WNIT is just as important, so we’re just really looking to work hard every game and get to the championship and win it.”last_img read more

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Knifepoint robber jailed for 3 months

first_img– tells Magistrate he was in a “tight squeeze”A man was on Wednesday jailed for three months by City Magistrate Fabayo Azore after he pleaded guilty to a robbery under arms charge.Kennard Persaud, 29, of Lot 25 Regent Street, Georgetown, confessed that on  August 16, at Georgetown, and while being armed with a knife, he robbed Ronald Ishmatine of one Apple iPhone valued $85,000.Confessed robber Kennard PersaudThe prosecution contended that on the day in question, the Virtual Complainant (VC) was standing in the vicinity of Footsteps Store when he was held at knifepoint and robbed by the defendant.After the robbery, Persaud attempted to escape but was apprehended by the Police after the VC raised an alarm. He was searched and the item was found on his person after which he was arrested and charged.However, the defendant admitted to the offence but explained that he was not armed when he carried out the act.He further told the Magistrate that the act was not premeditated, but was done out of frustration, since he was in a “tight squeeze” and went on to explain that he has three children to feed but could not find work after he was just released from prison.Persaud was previously sentenced to 18 months in prison on a narcotics possession charge. He pleaded for leniency, promising to stay out of trouble.last_img read more

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