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The city hopes to attract bidders with a compensation scheme for unsuccessful proposals.

As part of a consortium with Belterra Investments and Terminal Link, the firm was selected as the high bidder after Greece rejected a first set of offers.

The Dutch manager is aiming for an end of May first close for Fund V and a summer final close for its maiden ‘core’ vehicle, which has already surpassed its €350m target.

Three remaining consortia s are expected to be issued a final request for proposals in June, according to Los Angeles World Airports.

After rejecting offers for a 67% stake in the port in a previous round of bidding, Greece’s privatisation agency received new submissions from the same three bidders.

The project, which is expected to require upwards of $410m in investment, would improve 26km of roadway between Oslo and Trondheim.

The developer’s latest project in South America follows a contract it won last October to widen and maintain federal highways in Paraguay.

The groups were chosen from seven submissions to build the facility, which will treat residual solids from a nearby plant in Victoria, British Columbia.

The procurement process is underway for the next phase of a light rail project that will bring close to 70% of Canada’s capital within 5km of rail transit.

The three shortlisted consortia have summited final offers to build a 9km tunnel and five stations for the $8.2bn mega-project.