Chris Glynn
A mandate to operate Luis Munoz International Airport is now a race between Highstar Capital and Macquarie Group. Meanwhile, the PPPA has extended its deadline to bid on its maiden social infrastructure project.
It might be slow-going, but New Jersey Transit is still examining privatised parking. A would-be deal would let the Garden State agency lease its bus stop and train station parking.
A subsidiary of infrastructure-focused private equity firm Energy Capital Partners has closed debt financing on a Louisiana natural gas facility. In April, Energy Capital Partners saw its pipeline company make a deal for two related businesses.
Attorney Joel Moser (pictured), a familiar commentator on US infrastructure, has joined law firm Kaye Scholer to lead a build-out of its energy and infrastructure practice. He had been working for Bingham McCutchen.
The New Mexico Educational Retirement Board has approved direct co-investment in infrastructure. The newly minted provision will go into effect between the third and fourth quarter.
David Unkovic, who resigned as court-appointed receiver of the Pennsylvania state capital in March, has retained a lawyer should he be called to testify. Unkovic approved privatisation then quit, citing ‘political and ethical crosswinds’.
The second phase of a $310m effort to upgrade and widen US Route 36 in Colorado has lured Balfour Beatty, Cintra and Plenary Group. A RFP can be expected by August.
The Texas Department of Transportation has earmarked a new highway project for a public-private partnership, while pushing ahead on its $4.7bn I-35 build-out.
The Chicago Infrastructure Trust won approval in city council following a 41-to-7 vote. The trust was launched under current Mayor Rahm Emanuel, and has enlisted backing from Citi, JP Morgan and Macquarie.
The C$1.2bn P3 Canada Fund, operated by PPP Canada, has opened round four and is vetting project work for financing. The federal government vehicle has handed out C$109m so far.