PPP

The Lima Metro 1 expansion is part of Peru’s plan to build out its metro system.

Financial close is expected later this year on Colorado’s second large-scale road PPP, backed by availability payments.

The state’s finance authority took control of the road project last week, which is now expected to finish two years late and $160m over budget, in what Fitch called an ‘effective solution’.

An RFQ was issued for the Davenport Diamond upgrades, while shortlisted teams were invited to submit bids to build the Hurontario Light Rail.

Axium Infrastructure and Engie will manage and improve systems at Ohio State University’s 485-building campus.

Bidders include a consortium led by Oaktree, which has already had a deal rejected by the county’s Board of Legislators.

Denver International Airport estimates Ferrovial’s initial $82m equity investment will bring a 4.8% profit, but could be closer to 10.8%.

An RFI calls for ideas to better deliver the scheme, which forms part of the $20bn-plus Gateway Program.

The project, awarded in 2015, will see three years of construction followed by 20 years of maintenance over 179km of roadway.

The state’s tourism bureau released an open-ended RFP looking for a partner to build a sports complex, restaurant and meeting space in Louisville.