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Laing doubles investment levels while targeting waste

Private finance investor and developer John Laing increased its investments by more than £100M in 2007, up from £43M in 2006 and £23M in 2005, its annual results revealed today.

The PFI infrastructure investor committed £101.9M in seven new projects including three hospitals, two education projects and a social housing scheme in the UK, plus a motorway project in Hungary.

Meanwhile it made secondary investments worth £51.1M in five projects in the UK and Canada.

Laing chief executive Adrian Ewer said he expected further growth in the waste and renewables sectors - the firm will, in a joint venture with waste contractor Viridor, deliver Europe's largest waste PFI, a 25-year £3bn deal with the Greater Manchester Waste Disposal Authority.

"In the UK our traditional private finance initiative market remains significant but it is maturing," said Ewer.

"There remains scope for growth in the waste and renewables sectors and we are developing alternative procurement models to take advantage of new opportunities. There continue to be a strong range of opportunities across health, education, roads, including street lighting and highways maintenance, waste and regeneration focused on social housing."

"Overseas markets offer huge opportunities for growth. John Laing is well positioned in its chosen markets of Canada, USA, Europe, India and South East Asia with a local presence now established in all these territories. We are actively bidding in all these markets and expect to achieve significant growth over the next 12 months."

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