Gerelyn Terzo
Ex-RBS man Dana Levenson, who has more than two decades of experience across the public and private sectors, was named to the top finance spot at the Massachusetts Department of Transportation. The state is currently pursuing 'transportation reform'.
A string of PPPs were named by the Japan International Cooperation Agency as possible recipients of financing.
The state’s treasurer is proposing the use of private capital to finance the development of Interstate 49 South, a road expansion project. Treasurer John Kennedy suggests remunerating investors via tolls on the new stretch.
A senior executive at the New York State Thruway Authority cast doubt on plans to privately finance the $5.2bn bridge rebuild, pointing out that ‘at this moment in time, we don’t have the legal or statutory allowance in New York State to do public-private partnerships”.
In the city of Regina, located in the province of Saskatchewan, town officials are deciding whether to implement a public-private partnership for a C$150m expansion of a wastewater treatment plant. The financing structure should become clear within the next six months.
Balfour Beatty Campus Solutions wants to take PPPs in the US higher education market beyond the student housing niche and has hired Jim Short as senior vice president to support the effort.
The Egyptian private equity firm announced the sale of the National Petroleum Company Egypt to Canada's Sea Dragon Energy. The sale is being done through Citadel's Golden Crescent Investments portfolio.
Kentucky and Indiana, the architects behind the Ohio River Bridges Project, will split the cost of the $2.6bn expansion. Only Indiana will pursue a public-private partnership.
A team including the French fund manager and several Spanish companies has been awarded a 30-year contract to build and operate a stretch of highway in Andalusia, Spain.
New York governor Andrew Cuomo is calling on the expertise and capital of the private sector to help revitalise the state’s failing infrastructure. He also wants private capital to fund a new $4bn convention centre.