Chris Glynn

A top African Development Bank official said private capital has to have a role if the continent is going to upgrade its water and wastewater infrastructure. Public funding, in turn, has been acknowledged as insufficient.

A white paper from minister of infrastructure and transportation Anthony Albanese suggested alternative financing, including off-balance sheet accounting, is needed to support the asset class in Australia.

Michigan and Canada have finally reached agreement on a long-planned new crossing between Detroit and Windsor. Canada will shoulder the cost of the PPP, which will have an availability payment structure.

It took a revised cost estimate and a cut in construction time before the federal government would approve the Ohio River Bridges Project. That decree will help ensure the project is kept on schedule.

Steve Schultz, head of the Louisville and Southern Indiana Bridges Authority, has resigned from his role as chief of the Ohio River Bridges Project. The Indiana native will remain involved with the project as a special adviser.

The African Development Bank is investing with ISSIF — a fund established to offer badly needed funding for infrastructure improvement in the region. The recently launched entity is looking to raise $200m.

The Long Island, New York county engaged a wastewater management operator and is now looking for a private investor for its one-million-user system. A deadline for the RFI is set for July 11.

The JP Morgan Global Maritime Investment Fund surpassed its $750m target, attracting a total $780m. The fund is geared toward owning dry cargo ships and tankers.

Northleaf Infrastructure Co-Investment Partners has amassed C$500m in capital. The fund is the debut infrastructure offering from private equity firm Northleaf Capital.

EQT Infrastructure has set up a pair of feeder funds to help raise its second €1.5 billion infrastructure vehicle.