Chris Glynn
California’s state capital has gone ahead with a parking privatisation plan intended to finance a new stadium for its professional basketball franchise. The RFQ is due January 30.
Georgia governor Nathan Deal (pictured) characterised a late $2.3bn toll road public-private partnership as an ill-conceived sell-out in a Tuesday speech. A GDOT spokesman added that PPPs in Georgia are ‘unlikely in the near future’.
A leadership change in the US state prompted the December decision to terminate the $2.3bn managed lanes project. ‘West by Northwest’, as the project is known, is not dead, but its future as a public-private partnership is in doubt.
A high-profile lawyer for a broke state capital is plotting to appeal a federal court ruling placing Harrisburg in state receivership, further delaying the possible divestment of a waste incinerator as well as a potential parking concession.
ICA, the largest construction and infrastructure business in Mexico, will team with a Maersk unit on a $900m ‘greenfield’ cargo storage and transportation lot. Phase one of the project is slated for completion in 2015.
A purchase of Indiana native Industrial Contractors is a boon for Skanska, opening up a hitherto absent regional visibility and adding a market specialty. The $135 million acquisition took place in December.
The sabre-rattling surrounding the Macquarie acquisition of WCA is a sign that infrastructure has graduated to the mainstream of business world legal investigations
With the 17th Pan/Parapan American sporting event taking place in Toronto in 2015, three homegrown construction businesses are bidding on a multi-venue contract. A Request for Proposals is expected in February.
The Sweden-headquartered construction and development firm has sold its half of a school project for €3.3m. The PPP had been the second education project won by Skanska.
A number of US law firms have announced separate investigations into the $526m acquisition of waste manager WCA by a Macquarie fund. The firms, most of which have launched many similar investigations, typically target disgruntled shareholders that might oppose the deal.