Gerelyn Terzo
The Kingdom of Bahrain has completed a milestone social housing public-private partnership, said to be the first of its kind in the Middle East. The deal involves local developer Naseej and a financial close is anticipated early in the second quarter.
The Regina city council has offered early approval on the reconstruction of a football stadium to be performed as a public-private partnership. Bidding could begin as soon as mid-2012.
PBF, which is jointly owned by Blackstone and First Reserve, is expanding its Delaware City Refinery. The $1bn project will maximise crude oil processed at the refinery.
The ratings agency offers a ‘negative’ outlook for India’s infrastructure sector with only traces of solace. Power is more vulnerable than the transportation sector, although the agency is prepared to issue a wave of downgrades and outlook changes in 2012.
The Canadian developer, together with local firm Dufferin Construction Company, has secured debt from four Canadian banks to help fund a rail link to the Toronto Pearson International Airport.
The law only needs President Calderon’s (pictured) signature before it comes into force. But Milbank’s Allan Marks warns that success will depend on the law’s practical implementation and the development of institutional capacity across the country.
A Plenary Group-led consortium is being backed with debt by nine banks and other investors like IFM and CARE Super to develop a new A$1bn cancer centre in Melbourne.
Darby’s $236 million Brazil Mezzanine Infrastructure Fund has invested a combined $60m in wind farm developer Bioenergy Geradora de Energia and an oil and gas engineering firm Produman Engenharia.
The House of Representatives has passed a key piece of public-private partnership legislation that could bolster the Latin American country’s infrastructure market. The new law is based on the UK’s Project Finance Initiative model.
The city of Yonkers, New York, recently launched a Request for Proposals for a third-party financial adviser to support the reconstruction and repairs of failing public school buildings. Yonkers is considering a PPP for the $1.7bn initiative.