Alexandra Atiya

The World Bank said this week that it would not provide financing for a Kenyan toll road project in which Strabag and Israeli developer Shikun & Binui were equal partners. Following the World Bank’s decision, the Kenyan government said it ‘will now explore alternative ways for executing the project’.

Democratic Representative Rosa DeLauro of Connecticut again sponsored legislation to create a powerful, centralised infrastructure financing institution. The legislation is similar to her 2009 infrastructure bank bill, but with a few key changes. President Barack Obama has repeatedly supported the creation of an infrastructure bank.

Atlantic Aviation, a subsidiary of New York Stock Exchange-listed Macquarie Infrastructure Company, sold two aviation services businesses at airports in Ohio and California for an undisclosed price.

Congresswoman Eddie Bernice Johnson introduced a bill to extend the popular TIFIA infrastructure loan programme through 2016. The bill would also increase annual funding for TIFIA from $122m to $285m, enabling the Department of Transportation to dramatically increase the amount of loans it is able to make through the programme.

The wind developer received a $6m grant from Pennsylvania and $59m in debt financing to support the construction of a 75-megawatt wind farm in Southwestern Pennsylvania.

'Re-engineering' of European public-private partnership models and the creation of 'hybrid structures' for financing them are two things that could help investors work more effectively with the public sector, according to Anthony Coscia.

HSBC Infrastructure Fund III has the largest single stake in the consortium that includes DIF Infrastructure II and a subsidiary of French infrastructure group Bouygues. The consortium has to pay an upfront €400 million entry fee.

The portfolio consists of five natural-gas fired plants in Georgia that together can generate up to 2500 megawatts of power. GE Energy Financial Services acted as the lead lender when ArcLight acquired one of the plants this summer.

A consortium led by DIF Infrastructure II has closed on a contract with the Ministry of the German Community of Belgium for the construction of schools near the German border.

Just two days after winning a €792m road project in the Biobío region of central Chile, the concessions unit of Spanish developer Sacyr Vallehermoso said it won a second highway construction contract in the Tarapacá region of Northern Chile.