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The former US Transportation Secretary, recently hired to lead Related Fund Management’s new infrastructure programme, answers five questions about the fate of US infrastructure.

The firm’s third and largest vehicle of its kind is targeting capital from domestic institutional investors.

The firm’s fourth energy infrastructure fund raised three-quarters of its $2bn target between September and December, as it races towards its hard-cap.

The vehicle has already secured $75m of commitments, with the manager expecting domestic LPs to contribute 40% of its $1bn target.

Now that the dust has settled, we can reveal that infra strategies raised just shy of $58bn last year. Find out the most popular strategies and biggest funds.

An RFI for highway widening schemes on I-495 and I-270, worth a combined $7.6bn, received 27 responses.

The 730MW project received backing from the EIB in November and will get a subsidy €4.7bn less than originally expected.

Vehicle makes its final investment, buying a stake in 14 airports that were among the first assets to be sold under the country’s privatisation programme.

The projects were among those won in Spain’s January 2016 auction, ending the moratorium on new wind farms.

The firm expects the renewables-focused fund to pass its €3bn target by its March final close. It already has 29 investors from Australia, Israel, the Netherlands and Norway.