Willie Mullins relies on Saint Roi in Morgiana | Racing News

first_imgPaul Nolan’s exciting recruit Latest Exhibition is among seven runners for the Liam And Valerie Florida Pearl Novice Chase.Runner-up in the Albert Bartlett at Cheltenham, the seven-year-old made a winning debut over fences over this course and distance last month.Among his rivals are Tom Mullins’ mare Court Maid, winner of both her starts over fences, and Pencilfulloflead and Run Wild Free from the Elliott stable.- Advertisement – Mullins withdrew his other entry, last year’s winner Saldier, at the 48-hour final declaration stage – leaving a field of five on Sunday.Abacadabras, runner-up in the Supreme Novices’ Hurdle at Cheltenham, represents Gordon Elliott – while Jessica Harrington runs three-time Grade One scorer Supasundae.Coeur Sublime and Jason The Militant complete the quintet.- Advertisement – Willie Mullins relies on Saint Roi to give him a 10th consecutive win in the Unibet Morgiana Hurdle at Punchestown.Saint Roi burst on the scene with victory in the County Hurdle at the Cheltenham Festival and followed up with a successful seasonal debut at Tipperary last month.- Advertisement – Elliott’s Fury Road, who was a nose behínd Latest Exhibition in the Albert Bartlett, reappears in the Unibet 1000th Race Celebration Hurdle.A five-strong line-up includes Henry de Bromhead’s Baptism Of Fire and Ted Walsh’s Dewcup.Magic Of Light, a late withdrawal over fences at Clonmel on Thursday, is one of five runners for the Frontline Security Grabel Mares Hurdle.Jessica Harrington’s 2019 Grand National runner-up faces Buildmeupbuttercup and Elimay from the Mullins camp. – Advertisement –last_img read more

Denmark’s Industriens invests in first Danish PPP project

first_imgWhen the property is finished in 2015, Industriens will take over the PPP company.Henrik Nøhr Poulsen, head of equities at Industriens, told IPE the pension fund would make a 5% annual return on the investment.“PPP projects differ a lot from project to project,” he said.“This is more like a real estate project with a government entity as the tenant, and the return reflects that.”Because Industriens’ risk in the project is extremely low, this return should be compared with that of Danish government bonds, which are currently yielding 2%, Nøhr Poulsen said.KPC is bearing the construction risk, while subsequent operations and maintenance risk will be fairly limited, he said.The agreement with the local authority runs for 10 years and can be extended for a further four years.Laila Mortensen, Industriens’ managing director, said: “The partnership makes it possible to construct a higher-quality building, which, therefore, has lower operating costs.”At the same time, the pension fund is securing a stable return for its members over a long period, she said.The hospital construction project was Industriens’ first PPP project in Denmark, the fund said.“We are glad that more PPP projects are now starting to happen in Denmark, and we would like to be involved in more of them, when projects reflect the risk we are taking and there is the prospect of getting a reasonable return,” Mortensen said.The agreement is subject to formal approval by the local authority, as well as the commissioning of the finished building. Danish labour-market pension fund Industriens Pension is investing DKK110m (€14.7m) in its first public-private partnership (PPP) project in Denmark.The pension fund said it was providing all the financing for an agreed PPP project between construction firm KPC and Denmark’s Zealand regional council (Region Sjælland) to build and run a new radiotherapy wing at Næstved Hospital.The investment will give the pension fund a 5% return for very low risk, it said.KPC signed an agreement with the local authority in June to build the DKK110m property and then be responsible for operating and maintaining the building, Industriens said.last_img read more

Tour of the Peace cancelled; organizers will still raise funds this Saturday

first_imgFORT ST. JOHN, B.C. – Organizers have announced that they will be cancelling this year’s edition of Tour of the Peace.The main purpose of this event was to raise funds for Type 1 Diabetes research and to help find a cure.Despite not holding an official event this year, Dan and Joanna Webster say they will be doing a personal Tour of the Peace this Saturday, where Dan will be riding along the originally planned route, with Joanna walking the route at Beatton Provincial Park.- Advertisement -They also say they decided to do their own personal tour as they do not want to let down anyone down, especially their son, the inspiration of the event, who has Type 1 Diabetes.Dan will be starting out on Saturday, August 17, at 8:30 a.m. at Dinosaur Lake and will wrap up the Tour at Beatton Provincial Park where Joanna will be walking at 3:00 p.m. A family barbeque will follow.If you would like to donate, you can visit the Juvenile Diabetes Research Foundation’s website.Advertisementlast_img read more