Alexandra Atiya

Governor Robert McDonnell provided details on his $4bn proposal for state transportation funding, which he said will create $6bn worth of public-private partnerships. In a public address, McDonnell said ‘Virginia is thrilled to be open for business’.

Corridor Energy will focus on US energy infrastructure that can be classified as real estate investment trusts.

Sacyr Vallehermoso submitted the lowest bid for a 35-year contract to build and maintain a 102 kilometre-long road and other works in the Biobío region in Central Chile.

Advent’s first infrastructure investment in Brazil is also its largest investment in the country, according to a senior executive. The private equity firm plans to invest more in Brazil, where it sees a ‘bottleneck’ of infrastructure needs, but is unlikely to raise an infrastructure-specific fund.

Vopak and NIBC European Infrastructure Fund are equal shareholders in a joint venture to construct an oil storage terminal in the Netherlands.

Marhnos, a Mexican developer, raised an $82m infrastructure fund through an offering of ‘certificados de capital de desarrollo’. I Cuadrada, a Mexican infrastructure fund affiliated with US private equity firm Black Creek Group, garnered $223m.

The contract awards construction rights for the Whitechapel and Liverpool Street station tunnels that form a part of the London Crossrail scheme.

Mexico released statistics showing that $3bn has been raised since July 2008 using ‘certificados de capital de desarrollo’, securities that allow Mexican pensions to invest in private funds, including infrastructure-focused vehicles.

A report by Comptroller Thomas DiNapoli calls PPPs a ‘good option’, but argues the terms of some PPP agreements, such as the Chicago Skyway and Indiana Toll Road, would be punitive to taxpayers in the long-term.

UK feed-in tariffs will create 80% of the revenue for the five megawatt solar farm. Foresight is also negotiating contracts with a local utility to provide electricity to a water treatment plant.