Alexandra Atiya

The Virginia Department of Transportation has issued a request for detailed proposals for the Route 460 highway extension, which has attracted interest from Cintra, Kiewit, Skanska and other groups. Virginia hopes to sign a contract for the project by next May.

Mike Matheou, a founder of Lovells’ infrastructure practice, will now focus on building the firm’s Americas PPP business.

A consortium comprised of Macquarie Group and Swedish developer Skanska has agreed to contribute $318m in equity toward Virginia’s Midtown Tunnel project. The contract will have a 58-year term beginning at financial close, which is expected to occur by the end of the year.

CP2 has managed to raise A$1.4bn from institutional investors including Korea's National Pension Service, the UK Universities Superannuation scheme, and Holland's APG to help fund its bid for the toll road operator. The offer is backed by ConnectEast's directors.

Cintra, Meridiam, Macquarie, Fluor and Balfour Beatty are among the respondents to a request for information for a highway development project in Dallas and Denton counties. Earlier this month, the Texas Department of Transportation also received interest from 23 groups for the Grand Parkway project.

Greenhill was one of 12 respondents to a request for proposals the city issued earlier this year. The city has asked Greenhill to look at PPPs for its real estate portfolio and its on-street parking systems.

Infrastructure accounted for about 5% of OPTrust’s investments as of the end of last year. But the C$13.3bn Canadian pension fund manager is looking to increase its infrastructure allocation to 15% over the next several years.

MAp Airports has agreed to exchange its interests in two European airports for the Ontario Teachers’ Pension Plan Board’s 11% interest in Sydney Airport. MAp will also receive a cash payment of about A$791m.

The C$107.5bn Ontario Teachers’ Pension Plan bid C$541m in a competitive auction by Chilean government agency CORFO to increase its interests in water and wastewater utilities Essbio and Esval. The pension plan initially invested in the two utilities in 2007.

A request for information for a proposed 180-mile Grand Parkway near Houston, Texas, has elicited interest from 23 groups. The proposed public-private partnership is the result of a recent law in Texas that has enabled 11 such projects.