Chris Glynn
A lawyer with extensive experience in energy infrastructure has joined Akin Gump. The law firm has been beefing up its energy practice throughout 2011.
A veteran real estate executive has joined Balfour Beatty Campus Solutions to help expand its business in the US. His hiring is fresh off a recent Balfour PPP that privatised student housing at a Florida college.
A bi-state agency set up to explore a possible $2.9bn PPP for a bridge linking Indiana and Kentucky is holding off on making its next move until it reaches agreement on a delivery method for the project.
Colorado is going ahead with a plan that will make over US Route 36 into a significant managed lanes PPP. Adviser KPMG is credited with establishing a timeline for the bidding process.
Morgan Stanley Infrastructure unloaded its 50% interest in SAESA to Alberta Investment Management Corporation. The deal places the Chilean utility solely in Canadian hands and lets the acquirer broaden its exposure to a fast-growing infrastructure market.
A Balfour Beatty unit submitted the highest ranked offer in a US Air Force PPP aimed at privatising military housing. The project would span America and is valued at $470m.
The Australian asset manager is returning the equivalent of 12.5% of annual fees to its global investors. The rebate will apply to ‘base management fees, calculated on funds under management at the end of October’ and be paid to investors on December 1.
A start-up organisation is aiming to loosen resistance to tolling on Capitol Hill. Private investment in public infrastructure would be part of the discussion.
The $5bn San Diego City Employees’ Retirement System has refocused its private equity program but will remain committed to investing $150m in infrastructure.
Macquarie and Skanska are targeting an early next year close for the long-running project to improve a major tunnel in Virginia, a closely watched public-private partnership.