Alexandra Atiya
Former executives from General Electric, Loews Corporation, and High Road Capital Partners have joined the energy investor.
The US private equity firm and a Hong Kong maritime investment firm are committing $900m in equity over the next five years in the hopes of capturing demand from Chinese state-owned companies.
One of the US' oldest think tanks has released a report arguing the country needs sovereign wealth funds to invest in its infrastructure, but post-financial crisis ‘protectionist’ sentiments are hampering their ability to do so.
The Australian Competition and Consumer Commission decided not to oppose Brookfield Infrastructure Partners’ bid to acquire the Abbot Point Coal Terminal in Queensland. The commission is also currently reviewing a bid from Adani Enterprises.
The state's department of transportation began the road’s procurement in 2006, but scrapped the original bids last year. Cintra bid for a second time, saying that construction and design of the 55-mile extension would cost $1.5bn. Two other consortiums estimated construction costs of $2.2bn to $2.7bn.
The P2 Brasil Private Infrastructure Fund II is being raised by Brazilian alternative asset manager Pátria Investments, which is 40% owned by the Blackstone Group.
Fiera Axium Infrastructure, which recently closed its debut fund on C$460m, found fundraising success by marrying Canadian infrastructure projects with capital from Canadian investors.
US politicians rushed to develop rescue plans for Florida’s high-speed rail corridor after Governor Rick Scott rejected $2.4bn in federal funding for the project two weeks ago. But Scott has rejected all rescue plans.
The European Investment Bank, the International Finance Corporation and the Inter-American Development Bank have agreed to re-finance a Jamaican highway project developed by Bouygues and VINCI.
Drivers traveled the greatest numbers of miles in 2010 since 2007, according to a study by the Department of Transportation. Transportation Secretary Ray LaHood said the increase confirms the need for infrastructure around the country.