Chris Glynn
The Metro, the California transportation planning agency for Los Angeles, is open to using a public-private partnership to tackle a tricky highway improvement campaign. A forum is scheduled for July 9.
The Peach State has published a RFQ for the Northwest Corridor Project, a managed-lanes public-private partnership in Atlanta. The mandate is a revamped heir to the defunct West by Northwest project, which was cancelled in 2011.
Global Infrastructure Partners has bought Chesapeake Midstream Partners, a portfolio company GIP co-founded in 2009, for $2bn and entered into an agreement to buy another $2bn plus of Chesapeake assets.
AXA Private Equity has unloaded its 21% share of Keolis to state-owned railway operator SNCF. Keolis teamed with Meridiam last year for a £517m PFI.
The search is underway to find an eventual partner to build two hospitals in British Columbia. The project has an estimated C$600m price tag.
The Australian outfit is willing to invest a whopping $483m to take over on-campus parking for Ohio State University – $108m more than the asking price. Macquarie and Industry Funds Management are also in the running for the landmark contract.
Tiger Infrastructure Partners and industry-leading contractor Kiewit have formed a partnership to invest in shale-based infrastructure. The resultant start-up, TKT Venture, has $500m to spend.
Carl Icahn voiced his aim to further explore a potential sale of Chesapeake Midstream, a Chesapeake Energy unit part-owned by Global Infrastructure Partners. The fund manager helped launch the company in 2009.
A consortium involving APG and PGGM shelled out $277m for a chunk of LBC from infrastructure fund Challenger. The deal will close in the summer.
Nick Butcher, who has helped the infrastructure stalwart expand in North America, will also head its US oil and gas group. Australia-born Butcher joined the company in 1996.