A7RU - CitySpring Infrastructure Trust

CitySpring Infrastructure Trust1 (CitySpring) is a Singapore-based trust, which was established with the principal objective of investing in infrastructure assets and providing unitholders with long-term distributions and the potential for long-term capital growth. CitySpring's initial portfolio comprises 100% of the City Gas Trust, the producer and retailer of town gas and the user of the low-pressure piped town gas network in Singapore, and 70% of the SingSpring Trust, the supplier of desalinated water to the Public Utilities Board (PUB), Singapore's national water agency. CitySpring Infrastructure Management Pte. Ltd. acts as the trustee-manager of CitySpring. In August 2007, the Company completed the purchase of 100% of Basslink. The Basslink interconnector is an electricity interconnector between the island of Tasmania and mainland Australia.

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SUMMARY

Industry Real Estate Investment Trusts
Address 07-02 Singapore Power Building 111 Somerset Road Singapore 238164 Singapore
Phone 6565868845
Fax 6565868811

NEWS

  • October 10, 2008 - City Gas to retain monopoly for some years2 - Full liberalisation of market comes only after major changes to infrastructure. A decision to liberalise Singapore's town gas market - worth up to $300 million annually - is not expected until 2009/2010.
  • September 24, 2008 - CitySpring seeks assets worth $1b3 - CITYSPRING Infrastructure Trust, sponsored by Singapore investment company Temasek, is seeking buys worth over $1 billion but said asking prices were still too high.
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