Alexandra Atiya
House Transportation and Infrastructure Committee chair John Mica said he could 'guarantee' that legislation to privatise Amtrak’s rail services and infrastructure in the Northeast Corridor will pass. But critics argue the plan lacks detail.
The project, which involves the construction of a 772-bed hospital in downtown Montreal, has reached financial close, marking the largest-ever bond offering for a Canadian PPP.
The team coordinating Harrisburg’s financial recovery says the city should sell or lease its parking garages and the indebted waste incinerator (right) at the heart of its financial troubles. But the team does not support the LambdaStar and EQT bid to take over both assets.
The winning bidder will be responsible for demolishing the existing Goethals Bridge, which links New York and New Jersey, and replacing it with a new structure. A request for proposals will be issued this summer, with bids to be submitted by the end of the year.
New Jersey Governor Chris Christie has proposed a pilot programme to involve the private sector in the development of up to five 'transformation schools' in failing districts.
The Toronto-listed investor, formerly known as the Macquarie Power and Infrastructure Corporation, spun out from its parent firm earlier this year, but its executives will continue to look at renewable energy opportunities with Macquarie.
The IFC is considering coordinating $150m in senior debt for the $600m Emerging Africa Infrastructure Fund, which is managed by a division of Standard Bank. The fund supplies long-term debt to finance private infrastructure projects across Africa.
A bill passed in both houses of the Illinois state legislature would enable the Department of Transportation and Toll Highway Authority to develop agreements with the private sector for transportation projects across the state, but prohibits the lease or transfer of existing roads.
The Blackstone Group’s infrastructure team is expected to complete its spin-out this week, rebranding as Stonepeak Infrastructure Partners. The team is led by Michael Dorrell (pictured) and Trent Vichie.
UK developer Carillion expects to generate £390m in revenue over the course of the 30-year concession. The winning consortium, which also includes Fengate Capital, was chosen over consortia led by Lend Lease and Innisfree.