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The project's construction companies are threatening to terminate their contract, which would make the Maryland project the latest in a series of troubled North American PPPs.
Plenary Americas’ senior management will retain a minority equity stake in the business, while CDPQ will take a near-90% interest in the PPP portfolio.
Infrastructure Australia has put an emphasis on resilience in its 2020 Priority List, but investors note that there are high levels of competition for a limited number of assets.
Infrastructure Investor's annual awards, honouring fund managers, investors, deals, banks and more.
In our final Deep Dive instalment, we look at the UK, the first to emphatically reject PPPs, and find an unresolved debate on value-for-money and poorly shared refinancing gains as lessons to be learned.
In the third instalment of our Deep Dive into PPPs, we look at North America and find the private sector has to help the model transition to a more developer-owned or managed scheme.
In the second instalment of our Deep Dive into PPPs, we take a look at the market in Australia and New Zealand and find the region to be one of the most welcoming for the model, especially when it comes to large projects.
A laundry list of troubles threaten to sink the venerable procurement framework. But there are some bold ideas for re-energising it.
Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.
The US presidential candidate unveiled a ‘community-driven’ plan that would encourage local governments to fix existing infrastructure and invest in major, long-term projects.