Brookfield Infrastructure Partners is a publicly traded limited partnership

Limited partnership

A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners , there are one or more limited partners . It is a partnership in which only one partner is required to be a general partner.The GPs are, in all major respects,...

 headquartered in Hamilton

Hamilton, Bermuda

Hamilton is the capital of the British Overseas Territory of Bermuda. It is the territory's financial centre and a major port and tourist destination.-Geography:...

 (Bermuda

Bermuda

Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...

), that engages in the acquisition and management of infrastructure

Infrastructure

Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...

 assets on a global basis.
Until a spin-off in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management

Brookfield Asset Management

Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...

, which retains a 41% ownership and acts as the partnership's general manager

General manager

General manager is a descriptive term for certain executives in a business operation. It is also a formal title held by some business executives, most commonly in the hospitality industry.-Generic usage:...

.
The company's assets carry a book value

Book value

In accounting, book value or carrying value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or Impairment costs made against the asset. Traditionally, a company's book value...

 of $ 3.38 billion

1000000000 (number)

1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....

 US$, as of February 2011.

Operations

After the spin-off from Brookfield Asset Management, Brookfield Infrastructure only 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

Assets under management

Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...

.

In December 2010 the company completed a merger with Australian company Prime Infrastructure in which it held a minority interest.



As of February 2011, the company owns and manages the following assets:

Country	Operation	Sector	Ownership
Australia Australia Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...	Dalrymple Bay Coal Terminal	Port Port A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land.... s	71%
Australia Australia Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...	Public–private partnership	Hospital Hospital A hospital is a health care institution providing patient treatment by specialized staff and equipment. Hospitals often, but not always, provide for inpatient care or longer-term patient stays.... s	50%
Australia Australia Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...	Tasmanian Gas Network	Energy Energy In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...	100%
Australia Australia Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...	WestNet Rail WestNet Rail WestNet Rail is the operator of approximately 5000 kilometres of former WAGR railway track in Western Australia, leased from the State of Western Australia following the sale of Westrail in 2000....	Rail transport Rail transport Rail transport is a means of conveyance of passengers and goods by way of wheeled vehicles running on rail tracks. In contrast to road transport, where vehicles merely run on a prepared surface, rail vehicles are also directionally guided by the tracks they run on...	100%
Canada Canada Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...	Island Timberlands	Lumber Lumber Lumber or timber is wood in any of its stages from felling through readiness for use as structural material for construction, or wood pulp for paper production....	38%
Canada Canada Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...	Ontario Transmission	Energy Transmission Electric power transmission Electric-power transmission is the bulk transfer of electrical energy, from generating power plants to Electrical substations located near demand centers...	100%
Chile Chile Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...	Transelec	Energy Transmission Electric power transmission Electric-power transmission is the bulk transfer of electrical energy, from generating power plants to Electrical substations located near demand centers...	18%
Europe Europe Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...	Euroports	Port Port A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land.... s	60%
New Zealand New Zealand New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...	Powerco Powerco Powerco is the second-largest gas and electricity company based in New Zealand. The company is 58% owned by QIC Limited and 42% owned by Brookfield Infrastructure Partners....	Energy Energy In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...	42%
UK	IEG	Energy Energy In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...	100%
UK	PD Ports	Port Port A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land.... s	60%
UK	Public–private partnership	Hospital Hospital A hospital is a health care institution providing patient treatment by specialized staff and equipment. Hospitals often, but not always, provide for inpatient care or longer-term patient stays.... s	30%
USA	Hydro Kennebec	Renewable energy Renewable energy Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...	30%
USA	Longview Timber	Lumber Lumber Lumber or timber is wood in any of its stages from felling through readiness for use as structural material for construction, or wood pulp for paper production....	30%
USA	Natural Gas Pipeline Company of America Natural Gas Pipeline Company of America Natural Gas Pipeline Company of America is a natural gas pipeline which brings gas from the Texas Permian Basin and Gulf of Mexico into the Chicago area. It has two legs, one which goes to New Mexico and the other of which goes to the Gulf of Mexico. The legs of the pipeline crossover proximate...	Pipeline transport Pipeline transport Pipeline transport is the transportation of goods through a pipe. Most commonly, liquids and gases are sent, but pneumatic tubes that transport solid capsules using compressed air are also used....	25%