Type | Public |
---|---|
Traded as | NYSE: BIP |
Industry | Asset management |
Founded | Jan 14, 2008 |
Headquarters | Hamilton, Bermuda |
Area served | Worldwide |
Key people | Samuel Pollock (CEO) |
Profit | $467 million (2010)[1] |
Website | www.brookfieldinfrastructure.com |
Brookfield Infrastructure Partners (NYSE: BIP) is a publicly traded limited partnership headquartered in Hamilton (Bermuda), that engages in the acquisition and management of infrastructure assets on a global basis.[2][3] Until a spin-off in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management, which retains a 41% ownership and acts as the partnership's general manager.[4][5] The company's assets carry a book value of $ 3.38 billion US$, as of February 2011.[6]
After the spin-off from Brookfield Asset Management, Brookfield Infrastructure only operated timber properties and electricity transmission lines; in September 2008, the company announced it would expand and diversify its global operations by buying infrastructure holdings from distressed Babcock & Brown, thus adding approximately US$ 8 billion of assets under management.[7][8]
In December 2010 the company completed a merger with Australian company Prime Infrastructure in which it held a minority interest.[9]
As of February 2011, the company owns and manages the following assets:[10]
Country | Operation | Sector | Ownership |
Australia | Dalrymple Bay Coal Terminal | Ports | 71% |
Australia | Public–private partnership | Hospitals | 50% |
Australia | Tasmanian Gas Network | Energy | 100% |
Australia | WestNet Rail | Rail transport | 100% |
Canada | Island Timberlands | Lumber | 38% |
Canada | Ontario Transmission | Energy Transmission | 100% |
Chile | Transelec | Energy Transmission | 18% |
Europe | Euroports | Ports | 60% |
New Zealand | Powerco | Energy | 42% |
UK | IEG | Energy | 100% |
UK | PD Ports | Ports | 60% |
UK | Public–private partnership | Hospitals | 30% |
USA | Hydro Kennebec | Renewable energy | 30% |
USA | Longview Timber | Lumber | 30% |
USA | Natural Gas Pipeline Company of America | Pipeline transport | 25% |