PPP

The $706m project could be funded by the federal government’s A$10bn National Rail Programme, pending further analysis on its economic viability.

The deal, which extends the current team’s agreement for an additional 20 years, came late Tuesday evening after Greece’s privatisation agency rejected an initial offer.

The public-private consortium running Greece’s busiest airport was looking to prolong the contract to 2046, but the state’s privatisation agency is asking for an improved offer.

Bidding for the projects, estimated at $2.17bn in total, had resumed in January after being halted last year, with the airports generating ‘strong interest’ from the private sector.

The review, funded by the US government, may pave the way for a $200m project to modernise La Aurora International Airport in Guatemala City.

A proposal by the mayor would see a local engineering consultant design and build the single-terminal airport while leading a team of private investors.

The Rutherford GO Station in Vaughan, Ontario is set to see major improvements as the province aims to quadruple trips on its GO Regional Express Rail network by 2025.

The developer would install fibre-optic cables spanning the 360-mile Pennsylvania turnpike and could use market and lease capacity on the network for commercial purposes.

The cities of Osaka and Hamamatsu will likely spearhead moves to privatise water infrastructure, according to Moody’s, with small municipalities set to follow suit.

New Delhi-based GMR Infrastructure, joined by GEK Terna, aims to replace Crete’s largest airport and Greece's second-busiest.