# Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.
Until a spin-off in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management, which retains a 30 percent ownership and acts as the partnership's general manager. The company's assets carried a book value of US$21.3 billion, on December 31, 2016.
In March 2020, Brookfield Infrastructure Partners (BIP) created Brookfield Infrastructure Corporation (BIPC), an entity that provides certain institutional investors who cannot hold a Bermuda-based Limited Partnership the ability to access the portfolio of BIP assets. In addition, by issuing eligible dividends rather than partnership distributions, BIP felt that BIPC would provide a more attractive and favourable tax treatment for retail investors. BIPC began trading on the Toronto and New York Stock Exchanges on March 31, 2020.
Brookfield Infrastructure Partners owns and operates a global network of infrastructure companies in utilities, transportation, energy and communications infrastructure. It invests in transmission and telecommunication lines, toll roads, ports and pipelines. The company has an equity market capitalization of about US$17.7 billion with an investment-return target of 12 to 15 percent. Its annualized total returns since inception have been 18% on the NYSE and 26% on the TSX.
Sam Pollock is the chief executive officer of Brookfield Infrastructure Partners. He has held this position since 2006, and has been with Brookfield Asset Management since 1994.

## Operations

After the spin-off from Brookfield Asset Management, Brookfield Infrastructure operated timber properties and electricity transmission lines. In September 2008, the company announced it would expand and diversify its global operations by buying infrastructure holdings from distressed Babcock & Brown, thus adding approximately US$8 billion of assets under management.
In 2010 the company completed a merger with Australian company Prime Infrastructure in which it held a minority interest.
In 2012, the company participated in a joint venture with Spain's Abertis Infraestructuras to purchase 60 percent of toll operator Obrascon Huarte Lain Brasil in a deal valued at US$1.7 billion.
Also in 2012, the company and its partners agreed to acquire the remaining 45% of the AVN toll road in Chile for a total purchase price of $590-million, after making an initial investment in 2011.
In 2014, the company and its investment partners agreed to acquire 50% of the French telecommunications units of TDF for $2.2 billion.
In 2016, the company announced agreements with Qube Holdings and other investment partners to buy the port assets of Asciano Limited, an Australian rail and port operator, for US $6.55 billion, (A$8.9 billion). The container port assets remained under the Patrick brand in a joint venture with Qube, while the bulk and automotive port services assets rebranded to Linx Cargo Care Group under a Brookfield-led consortium of investment partners. That same year, the company also announced that it and its investment partners would acquire a 90% stake in a Brazilian natural gas pipeline from Petroleo Brasileiro SA for US $5.2 billion.
The company made over $2 billion of new investments in 2016, including its first ventures into businesses in Peru and India. The company also invested in organic projects valued at $850 million, growing the size of its utilities rate base, road and rail networks and energy systems.
In 2022, the company announced an initiative with Intel to jointly invest up to $30 billion at a chip manufacturing plant in Chandler, Arizona.
As of December 31, 2022, BIP declared majority ownership and/or controlling voting interest in the following companies:
| Country | Company | Sector | Effective Ownership | Voting Interest |
| Australia | Arc Infrastructure WA Pty Ltd | Rail transport | 100% | 100% |
| Australia | Linx Cargo Care Group Pty Ltd | Port operations | 27% | 67% |
| Australia | Ruby Pooling Hold Trust | Data centres | 29% | 100% |
| Brazil | Nova Transportadora do Sudeste S.A. ("NTS") | Energy Infrastructure | 31% | 92% |
| Canada | Enercare | Home and commercial energy services | 26% | 100% |
| Canada | Inter Pipeline Ltd. | Energy Infrastructure | 56% | 100% |
| Canada | NorthRiver Midstream Inc. | Energy Infrastructure | 29% | 100% |
| Canada | Warwick Gas Storage L.P. | Energy Infrastructure | 25% | 100% |
| Colombia | Vanti S.A. ESP | Energy Infrastructure | 21% | 75% |
| Germany | Thermondo GmbH | Residential energy infrastructure | 11% | 51% |
| India | Crest Digitel Private Ltd | Telecommunications | 17% | 62% |
| India | Pipeline Infrastructure | Energy Infrastructure | 21% | 75% |
| India | Rayalseema Expressway Private Limited | Toll Roads | 29% | 95% |
| India | Simhapuri Expressway Ltd | Toll Roads | 29% | 95% |
| India | Summit Digitel Infrastructure Private Ltd | Telecommunications | 17% | 62% |
| Peru | Rutas de Lima S.A.C. | Toll roads | 17% | 57% |
| Singapore | BIF India Holdings Pte Ltd | Toll roads | 40% | 93% |
| United Kingdom | BOXT Ltd | Residential infrastructure | 15% | 60% |
| United Kingdom | Brookfield Port Acquisitions (UK) Ltd | Port Operations | 59% | 100% |
| United Kingdom | BUUK Infrastructure No 1 Limited | Energy Infrastructure | 80% | 80% |
| United Kingdom | WIG Holdings I Limited | Data Centres | 24% | 98% |
| United States | Dawn Acquisitions LLC | Data Centres | 29% | 100% |
| United States | Genesee & Wyoming | Rail Transport | 9% | 72% |
| United States | Lodi Gas Storage LLC | Energy Infrastructure | 40% | 100% |
| United States | Rockpoint Gas Storage Partners L.P. | Energy Infrastructure | 40% | 100% |
The following table lists prior acquisitions by BIP:
| Country | Company | Sector | Ownership |
| Australia | Asciano Limited | Rail and port logistics | 50% |
| Brazil | Arteris, SA | Toll roads | 50% |
| Brazil | VLI | Transmission | 26.5% |
| Brazil | Odoya Transmissora de Energia S.A. Esperanza Transmissora de Energia S.A. Jose Maria de Macedo de Eletricidade S.A Giovanni Sanguinetti Transmissora de Energia S.A. Veredas Transmissora de Eletricidade S.A. | Transmission | 31% |
| Canada | Enwave | District energy | |
| Canada | Metergy Solutions | Utility submetering | |
| Chile | Transelec | Energy Transmission | 30% |
| France | TDF | Communication tower infrastructure | 50% |
| North America (Canada and USA) | Niska Gas Storage | Gas storage | 100% |
| United States | Natural Gas Pipeline Company of America | Gas storage and transmission | 50% |