PPP

But they will be watching whether the government delivers on its promise of support to Kansai International Airport’s concessionaire following the damage super-typhoon Jebi caused earlier this month.

The governing authority for Los Angeles International Airport chose a consortium led by Fengate Real Asset Investments to develop the next phase of a multi-stage public-private partnership modernising the US’s second-largest airport. Los Angeles World Airports recommended LA Gateway Partners be approved to design, build, finance, operate and maintain a consolidated rental car (ConRAC) facility […]

For users and city officials, the 75-year concession is what ‘egregious private-sector capital’ looks like.

Legal disputes, annual calls to annul it and an anniversary that sets the stage for six decades of private-sector upside make the deal a case study in the dangers of misaligned interests.

I Squared, Brookfield and CPPIB are among the high-profile investors considering a bid for the 30-year concession of eight toll roads, Invest India says.

The Australian competition watchdog’s decision not to block Transurban’s offer cements the listed toll road operator’s position as the dominant player in the NSW market.

The ACCC gives the green light to a consortium led by the toll road operator acquiring a 51% stake in Sydney Motorway Corporation, but the listed firm will have to publish data from existing concessions to level the playing field.

Bill S-865 allows more government bodies to enter into public-private partnerships, which are no longer limited to social infrastructure and can now include roads.

The Eno Center for Transportation argues ‘privatisation for its own sake is bad public policy’ but is not averse to public-private partnerships when appropriate.

The buyers said they are they ‘are well placed to […] mitigate the effect of declining concession lengths’ for the 65-asset PPP and PFI portfolio.