Backing essential infrastructure: BCI’s investment in BBGI

Transforming essential infrastructure: How BCI’s investment in BBGI is scaling resilient, community-focused assets across North America and Europe.

From hospitals and schools to tunnels and transport links, BBGI focuses on the kind of critical infrastructure that communities rely on every day – but seldom need to think about. As a global infrastructure investment company, it acquires and manages long-term, availability-based public‑private partnership (PPP) and similar assets, where revenues are underpinned by government-backed contracts. This means its diversified portfolio of social infrastructure, transportation, and other essential assets is designed to generate stable, inflation-linked cash flows in investment‑grade countries, even when economic conditions are volatile. By concentrating on high‑quality projects with robust contractual frameworks, strong ESG integration, and long concession lives, BBGI aims to deliver resilient returns, while supporting the delivery of reliable public services in the communities it serves.

Headquartered in Luxembourg with investments in seven countries around the world, BBGI exemplifies how global infrastructure ideas and talent can translate into local impact.

For BCI, owning BBGI is a natural extension of its strategy to invest in essential, long-duration infrastructure that underpins modern economies. Through our £1.0 billion (C$1.9 billion) take-private acquisition of BBGI in 2025, BCI gained a specialized platform focused on high‑quality, long‑term contracted projects across transport, clean energy, healthcare, education, and social infrastructure – assets that align closely with the Infrastructure & Renewable Resources program’s focus on stable cash flows and inflation protection.

With a longer-term investment horizon and access to reliable capital, BBGI is benefiting from BCI’s backing, enabling the company to scale its portfolio while maintaining prudent risk management, strong governance and sustainability standards. This strategy is designed to align long-term capital with essential infrastructure that provides predictable returns for clients, while delivering measurable social outcomes and impact in the communities where BBGI operates.

BBGI’s growth strategy centres on steadily scaling a focused, diversified portfolio of long-term social and transport projects in stable, investment‑grade countries. BBGI targets brownfield and greenfield assets that are availability- and demand-based in nature. The assets are backed by strong public‑sector partners, with long contract lives and inflation‑linked revenues in sectors such as education, healthcare, civic, justice, and transport. Within this framework, it looks for opportunities that combine financial resilience with positive social and environmental outcomes, embedding energy efficiency, climate resilience, and inclusive economic participation into how projects are designed, operated and maintained.

What sets BBGI apart is the combination of its tight sector focus, broad geographic footprint and active ownership model. The company holds more than 50 operational projects across Europe, North America, and Australia and usually takes majority stakes rather than small minority positions, with roughly 80–90% of its portfolio by value in assets where it owns 50% or more. This gives BBGI substantial control over how projects are managed and allows it to work closely with public authorities over the full life of each asset to keep facilities safe, reliable and efficient. With an average remaining portfolio life of over 20 years, many of its hospitals, schools, justice facilities and transport links are expected to generate income well into the 2040s and 2050s, supporting a long runway for disciplined growth while maintaining a relatively low‑volatility, impact‑oriented profile.

Acquisition closed: January 2026

At one of the world’s busiest airports, the way people move on the ground is just as important as the flights they take – and BBGI saw an opportunity at LAX to make that journey cleaner, simpler and more efficient. By acquiring a 100 per cent equity interest in the LAX Consolidated Rent-A-Car Facility, BBGI is investing in a fully operational, availability-based asset at the heart of the airport’s landside access modernization, consolidating dispersed rental operations into a single, six‑million‑square‑foot hub linked directly to the Automated People Mover. With capacity for up to 18,000 vehicles, facilities for five major operators, 37 car washes, 186 fuel pumps and 224 EV charging stations in LEED Silver‑certified buildings, the LAX ConRAC facility gives BBGI exposure to essential transport infrastructure while helping cut congestion and emissions across the airport precinct. As a mission-critical asset at one of the world’s busiest airports, the LAX ConRAC facility supports smoother passenger journeys today while advancing the decarbonisation of airport ground access for the future.

Acquisition closed: February 2026

To help close a critical gap in educational infrastructure, BBGI targeted an opportunity to deliver modern, resilient learning environments in a fast-growing U.S. school district. BBGI has acquired a 100% equity interest in a portfolio of six modern middle schools in Prince George’s County, Maryland, within the Washington, D.C. metropolitan area, delivered under a long-term design–build–finance–maintain PPP model that directly addresses aging infrastructure and overcrowding. The portfolio provides capacity for approximately 8,000 students with expansion potential for an additional 2,000, and replaces outdated facilities with modern learning environments featuring STEAM laboratories, community sports amenities, energy-efficient systems, and climate-resilient design. The concession includes comprehensive facilities management services and embeds strong social value commitments, including subcontracting at least 30 per cent of work to minority-owned and local businesses, strengthening BBGI’s North American social infrastructure portfolio while delivering meaningful educational and community benefits.

Investment closed: April 2026

In the Rotterdam region – one of Europe’s busiest logistics corridors – keeping people and goods moving efficiently is critical for both the local economy and global trade, making high-quality transport links a strategic priority. BBGI’s 30% equity interest in the Blankenburg Tunnel PPP supports a landmark DBFMO (Design-Build-Finance-Maintain-Operate) project that adds a new strategic road connection, including the approximately 1,000‑metre Maasdeltatunnel water tunnel, the 500‑metre Hollandtunnel land tunnel and dual three-lane motorways, under a concession running until June 2044. Now operational, with final construction completion expected in 2026, the project is designed to reduce congestion and cut travel times by up to ten minutes for daily users while incorporating climate‑adapted, flood‑resilient and biodiversity‑enhancing features – bolstering BBGI’s European transport portfolio and supporting long-term growth around one of the world’s leading ports. For BCI’s clients, it is an example of how long-term capital can support critical trade infrastructure while integrating forward-looking climate resilience.

Together, BCI and BBGI are building on a shared commitment to long-term, partnership-based investing in essential infrastructure. By combining BBGI’s specialized infrastructure focus and operational prowess with BCI’s global scale and patient capital, the platform is well positioned to keep adding high-quality, community-focused projects while managing risk carefully. A robust pipeline of opportunities across social and transport infrastructure is expected to support this momentum in the years ahead. As BBGI’s portfolio continues to grow across sectors and regions, BCI’s clients benefit from a resilient source of returns that is closely tied to the services people and communities rely on every day.

BBGI’s assets are kept running so consistently that they report an asset availability rate of about 99.9% across the entire portfolio, year after year.