Alexandra Atiya
A new report issued by the Urban Land Institute and Ernst & Young predicts that allocations to infrastructure will increase five-fold over the next 20 years, but most will not focus on US investments.
The US public-private partnership advisory firm Scott Balice has been sold to one its rivals. The sale comes shortly after co-founder Lois Scott was named chief financial officer of the City of Chicago.
A Canadian energy and infrastructure group has entered exclusive negotiations to acquire assets from WestNet, an Australian subsidiary of Toronto-listed Brookfield Infrastructure Partners. Brookfield executives recently told investors that they would consider selling ‘non-core’ assets in order to raise capital.
The private equity firm has made its first standalone infrastructure investment, agreeing to commit up to $176m in equity to the operator of a pipeline in Pennsylvania’s Marcellus Shale.
EQT and LambdaStar have made a $140m all-cash offer for the heavily-indebted trash incinerator that brought the Pennsylvania capital to the brink of financial disaster. But the firms also made their offer conditional on a lease of the city’s parking assets, which LambdaStar has been pursuing for nearly three years.
The Northwestern US state is considering five potential roads public-private partnerships. The state’s joint transportation committee has issued an RFP for a consultant to produce a report on those projects by early 2012.
The Sydney-listed company, which manufactures cameras that photograph cars speeding or running red lights, has rejected a takeover offer from Macquarie and The Carlyle Group, even after the bidders raised their A$300m offer by A$0.05 a share.
Narrowing down a list of five bidders, Alberta Transportation has asked three consortia to submit proposals to construct and maintain the northeastern leg of the Edmonton Ring Road. Alberta has pledged to commit C$2.3bn to the construction of the entire ring road.
PPP Canada has opened the third round of applications for funds to support infrastructure projects across the country. Applications are due at the end of next month, and PPP Canada expects to decide on eligible projects by June 2012.
Amtrak was awarded $450m to make upgrades on the Boston to Washington DC corridor, thanks to money previously rejected by Florida Governor Rick Scott. California’s High Speed Rail Authority received an additional $300m for its ambitious plan to build an 800-mile high-speed rail network across the state.