Hastings Funds Management and Ontario Teachers’ Pension Plan, with advisory from Morgan Stanley and Royal Bank of Canada, have reached financial close on their A$1.6 billion ($1.6 billion) club financing in support of their A$2.3 billion acquisition of Sydney Water’s Kurnell desalination plant.

The BT Pension Scheme has bought a 13% stake in Kemble, the holding company for Thames Water, from Macquarie

Orange City Water has signed a Rs2.21 billion ($40 million) 14-year project financing with sole bookrunner and mandated lead arranger IDBI to back development of a PPP water supply project in Nagpur City.