Chris Glynn

Alternative assets firm The Carlyle Group is investing $800m in Genesee & Wyoming. The money will help the railway operator with its $2bn purchase of RailAmerica.

The Georgia Department of Transportation has received responses from consortia responding to its Northwest Corridor managed lane project. Kiewit and Ferrovial are among interested parties.

Highstar Capital and partner ASUR have been named private operator of Luis Munoz Marin International Airport. The consortium offered $615m upfront as well as $550m annually, plus investing $1.4bn to improve the airport.

Infrastructure proved a friend to the massive US pension fund, returning 8.4%. As a whole, CalPERS underperformed its benchmark, posting a 1% fiscal gain.

Highstar Capital has paid $1.9bn for Veolia ES Solid Waste. The deal will help Highstar create a major privately held waste management provider.

The Crown corporation in charge of the billion-dollar P3 Canada Fund has appointed an investment head. The organisation is also looking at further hires.

Arizona is using a PPP to build a centralised office for its transportation department in Flagstaff. The state in 2012 has broadened its emphasis on transportation infrastructure.

The suburban New York community has named a price tag for its sewer system and is planning to find a private investor. Industry interest is high.

Highly active Highstar Capital is in the running to acquire a US solid waste management arm that Veolia put on the block. The company is valued at $2bn.

Traditional fixed income and equity investing is failing to deliver. And infrastructure is positioned to gobble up disillusioned institutional capital, according to industry personnel.