Alexandra Atiya
New legislation would allow several transportation projects in the state to be procured as PPPs. Though the bill has yet to be signed into law, the Texas Department of Transportation has already issued a request for information regarding two of the approved projects.
The financing will be used to support construction costs for two 150-megawatt California wind farms being built by Terra-Gen Power.
The Senate passed legislation that would move the independent California High-Speed Rail Authority into the state’s Business, Transportation and Housing Agency, thereby increasing government oversight over the $43bn project.
The US insurance company, which manages a $100bn investment portfolio, has cut its municipal bond holdings by over $10bn. In a recent conference call to investors, Allstate’s CIO said she believes growth in emerging economies will create more demand for infrastructure and commodities.
John Bryson, former CEO of Edison International and former president of the California Public Utilities Commission, has served as a senior advisor to KKR’s infrastructure team since 2008.
KKR has agreed to partner with an Italian energy company to invest in operational wind parks across France. Partners Group is expected to co-invest in the venture. The deal marks KKR’s first investment in European renewable energy.
The KRW 1.7 trillion listed infrastructure fund is nearly fully invested and will use proceeds from the offering to pay down a 5-year credit facility.
A consortium comprised of Astaldi, Ansaldo and Impregilo has been selected to construct Line 4 of the Milan metro. The project has a 30-year concession, with expected revenues of €2.7bn.
Only two of four consortia shortlisted for the highway deal ultimately submitted proposals. Puerto Rico authorities expect to decide on a winning bidder by the end of the month.
Dale Bonner, former secretary of California’s Business, Transportation and Housing Agency, is launching an independent infrastructure consultancy that he hopes will help to bridge the gap between the public and private sectors in California.