Chris Glynn
Four consortia including SNC-Lavalin, ACS, InfraRed Capital Partners and VINCI Concessions, to name a few, have been shortlisted for the public-private partnership half of the $2.6bn Ohio River Bridges Project.
Hunton & Williams hired a six man energy infrastructure team while Vinson & Elkins appointed a Herbert Smith veteran to its Tokyo office as energy infrastructure and project finance have continued to be vital to corporate law in 2012.
Global Infrastructure Partners has outbid JP Morgan Asset Management for Edinburgh Airport, a prized UK-based asset that went on sale in January. GIP paid £807m, giving the fund its third UK airport and its first deal from Fund II.
The Canada Pension Plan Investment Board has completed an investment in a major toll road operator in ‘developing market’ Chile. The pension fund manager cited the size and complexity of the transaction.
The Ohio Department of Transportation has named a Halcrow Group consultant to head a department dedicated to exploring PPPs and alternative financing. The new office will focus primarily on surface transportation infrastructure.
Kentucky had to postpone picking a design-build team for its part of the Ohio River Bridges Project after the state legislature adjourned without approving a transportation budget. A special session tried to provide closure, and a $4.5bn plan is set for a House vote today.
Empresas ICA purchased the Barranca Larga-Ventanilla toll road in Oaxaca, Mexico, from Grupo Omega. The 104km highway is expected to help support tourism.
Mayor Emanuel (pictured) bowed to a city council concern, agreeing to allow an alderman to sit on the board of the Chicago Infrastructure Trust. Citi, JP Morgan and Macquarie, which joined the Windy City in creating the venture, are expected to support the decision.
Six consortia including greenfield funds Meridiam and InfraRed Capital Partners as well as marquee developers like VINCI, Cintra, ACS, Skanska and others have expressed interest in bidding for the Indiana side of the Ohio River Bridges project.
A consortium headed by The Plenary Group has been named preferred bidder for a design, build, finance and operate contract to develop a heart and vascular centre in British Columbia, Canada. The project is valued near C$448m.