PPP

British Columbia has issued an RFQ for the George Massey Tunnel Replacement project, opting to build a new bridge after years of technical analysis.

The Australian firm reached financial close on the Southwest Rapid Transitway project in Winnipeg, Canada, just over a month since being named preferred bidder.

The $6bn National Investment and Infrastructure Fund is backed by other sovereign investors including QIA, ADIA and Rusnano.

A bill that would terminate the P3 agreement for the North Carolina express lanes project has died in the Senate despite overwhelming support in the lower chamber.

The UK developer is offloading its project management business to HCP Management Services as it turns its focus on greenfield projects.

If underinvestment continues at its current pace the world will face an annual shortfall of $350bn by 2030, McKinsey warns.

The Russian sovereign fund has also raised debt from Gazprombank to undertake a healthcare project in St. Petersburg.

The two firms are also looking to partner on other infrastructure projects including toll roads and train assets.

A group led by the Australian infrastructure developer has been awarded the $1.14bn project that will nearly double the capacity of University of California, Merced’s campus by 2020.

Australia’s Queensland government will also use A$4bn from the public servants’ superannuation scheme to reduce debt and invest in infrastructure in this year’s budget.