Gerelyn Terzo
The German bank has lost Ulrich Stark (pictured), head of infrastructure finance for EMEA, who departed for a career opportunity in London. Marcus Kleiner, HSH Nordbank’s head of infrastructure and rail, will take over from Stark and grow the team.
TIAA-CREF, Cook Inlet Region Inc. and power generator Edison Mission Energy have set up Capistrano Wind Partners, which will invest $460m in US wind farms over the next 12-months.
Public officials in the Canadian city of Edmonton are examining a public-private partnership for a $1.8bn expansion of its light rail network. The city is applying for funding from the P3 Canada fund.
The law firm hired Timothy Moran, a project finance expert, for its Washington D.C. office. Moran will work alongside attorneys in the firm’s debut Texas location in Houston in lockstep with Sidley Austin’s enhanced focus on energy.
A public-private partnership to develop two travel plazas along a major interstate in Maryland has been delayed as a public board and civil judge hold off on awarding the contract to Spain’s Areas.
TxDOT is allocating some $2bn in public funds to infrastructure in a one-time capital injection. But former Pennsylvania Governor Ed Rendell (pictured) reminded Texas of its need for private investors at a recent conference in the state.
The Colorado High Performance Transportation Enterprise has kicked off the tender process for phase two of a managed lanes public-private partnership project. A tender could ensue in the coming months.
Florida is nearing the enactment of formal public-private partnership legislation. But industry observers are warning that the law is overly complex and may scare investors away.
The debut fund of the German infrastructure developer is closer to fulfilling its plan to acquire nearly two-dozen public-private partnership projects from its developer parent, following the acquisition of an Australian healthcare facility.
A key piece of transportation PPP legislation has advanced in the Pennsylvania House of Representatives, positioning the Commonwealth closer than ever to formal policy. Public officials hope a legislative framework will entice private investors back.