Gerelyn Terzo
The lease that holds the Nassau Coliseum – located in the county that bears its name – and the NY Islanders hockey team together will soon expire. And unless the parties allow private capital to help finance a new facility, each may go their separate ways.
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
The US president has thrust transportation infrastructure into the spotlight in his budget proposal for fiscal 2013, which also earmarks $10bn for an infrastructure bank. Observers believe US could be on a path that mirrors Europe and South America in ‘attracting private capital’.
Greenberg Traurig is continuing its push in Mexico amid a mini lift-out from local law firm Borda y Quintana. The firm has added energy and infrastructure veteran attorney Nicolas Borda among others.
US President Barack Obama will unveil the nation's fiscal 2013 budget later today and infrastructure will be spotlighted. RBC Capital Markets recently hosted a call to identify the possible paths that an infrastructure bank could follow.
The Chicago Transit Authority has some $5bn of rail projects in mind and has voted to hire advisors to guide the city through potential public-private partnerships. Goldman Sachs, along with two co-advisors, is being retained for the advisory mandate.
The Canadian region has approved a design, build, finance, operate and maintain contract for the delivery of light rail and bus systems.
Texas has opted to go with a design-build structure instead of a public-private partnership (PPP) for the 37-mile Grand Parkway expansion. The decision will not impact a string of 10 other transportation projects that qualify as PPPs.
The Maryland-based company is contesting the state’s decision to grant a long-term public-private partnership contract for the refurbishment of a pair of rest areas along Interstate 95 to Spain's Grupo Areas .
The Swiss asset manager has invested in a US solar plant in Salisbury, Massachusetts - one of the largest solar projects in the New England area. At full capacity, the solar farm will deliver 5.7MW of power to the grid.