Chris Glynn
A bill signed into law will grant the state more leeway in pulling in private capital to fund its infrastructure activity. Still, public-private partnerships are subject to agency approval.
The asset manager in 2010 made a high-profile debut in infrastructure, hiring Joe Lyons (pictured) from Macadam Asset Management. RBC is claiming a focus on wealth management underscored its decision to 'discontinue' the group.
Brookfield Asset Management has won note-holder approval to consolidate its Brookfield Renewable Power Fund with Brookfield Renewable Power. The merger will create a single, publicly traded energy and power vehicle. Unit-holder approval, up for a vote in November, is needed next.
A contribution from the P3 Canada Fund will help bolster a city plan for a PPP to revamp its water service. Meanwhile, Abbotsford is pushing its public information campaign forward.
Australia is hoping a change in tax law will increase institutional investment in infrastructure. A ‘simpler,’ ‘fairer’ system is needed, according to a government-penned white paper.
Office will help expand Middle East profile and let Pillsbury better service its existing client base.
Consortia led by Infrared Capital Partners, Meridiam and ACS have been shortlisted for the $715m Knik Arm Bridge. The project is being hailed as a job creator and an innovative public-private partnership.
A preferred bidder for a rail line linking downtown Toronto to an international airport has been selected. The project is expected to reach financial close in early 2012.
Teams led by ACS, Bouygues and Vinci have been shortlisted to submit a bid by summer 2012, with an award expected by the end of next year.
The Toronto asset manager said proceeds from the offering of its flagship fund will finance recent Chilean acquisitions and its Australian portfolio. Brookfield will continue to hold 30% of its infrastructure unit.