The aim is to raise £245m for the new firm,  Bilfinger Berger Global Infrastructure, which will be used to invest in an initial portfolio of 20 PFI and Public Partnership assets.

These initial investments are currently held by Bilfinger Berger Project Investments. Accountants PwC will independently verify the value of the portfolio, which includes 40% UK assets

The new company, will be chaired by Whitbred finance director David Richardson and Frankfurt based contracting group Bilfinger Berger will take a 20% holding.