Gerelyn Terzo
Speaker Boehner expects the House of Representatives will vote on an infrastructure and energy bill in the coming weeks. The proposal advocates the use of private capital generated from energy production to fund infrastructure initiatives across the country.
The India-focused infrastructure fund’s investment in an Indian renewable energy firm is part of a larger commitment to hydropower generation.
Senator Mark Pryor says private capital is the linchpin for America’s economic recovery as he continues to push his version of a jobs bill that calls for key infrastructure initiatives to benefit the state.
Construction is desperately needed on a span of Nevada highway covering less than four miles. The project, which could cost the state nearly $2bn, has private firms including ACS knocking at the door.
The bill, which is part of a larger $447bn jobs act and included $10bn for an infrastructure bank, failed to garner enough support in the Senate yesterday. The Republican version of a transportation bill similarly faltered.
The US state will build a first stretch worth $6bn using public funds. It hopes that, once the stretch is operational and generating revenue, it will help unlock some $11bn in private capital to help fund the high-speed rail programme.
The US Senate is poised to vote on President Obama’s $447bn Rebuild America Jobs Act. The legislation has its opponents, however, and these challenges could further postpone greater participation of private capital in infrastructure development.
The Australian airport, in which Hastings Funds Management owns a majority stake, has struck a deal with nine banks to refinance its debt. Next, the airport’s owners will tap the equity markets for $180m.
The infrastructure investor has acquired a Texas oil storage company from ArcLight Capital Partners known as Houston Fuel Oil Terminal Company.
The German developer bagged a 25-year public-private partnership contract to build, refurbish and operate nine schools and a trio of day care centers in Braunschweig, Germany.