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SNC-Lavalin and Skanska have decided to stop bidding for such projects. If other developers follow their example, the entire procurement model might be at risk.
Auckland, New Zealand
The NZ Infra joint venture will go head-to-head with government entity NZ Transport Agency for the right to act as delivery partner for the multibillion-dollar scheme.
A dispute involving cost overruns, delays and 'weak' concrete has derailed the Great Hall PPP project at Denver International Airport.
Summer blue sky and airfield in Asahikawa Hokkaido Japan
Airport PPPs may have been a success but local authorities are still reluctant to transfer other types of assets to the private sector.
Silhouette of engineer and construction team working at site over blurred background sunset pastel for industry background with Light fair. Created from multiple reference images together.
Wariness of fixed-price public-private partnerships could have wider implications since ‘a healthy PPP market needs a healthy construction sector’, warns market expert.
The sale, from its first Public Infrastructure Partners Fund, is expected to generate strong returns in what's seen as a hot PPP market.
The consortium is led by Hokkaido Airport Terminal, which owns the current operator of the island’s busiest airport, New Chitose.
The Dutch firm has deployed 65% of its fifth flagship fund and hopes to make its first investment in the region this year.
Investors in CONRAC facilities should be thinking of how the market might look in 15 to 20 years when financing deals, rating agency warns.
Tram running on City Circle line of Sydney Light Rail
ALTRAC consortium will inject ‘substantial additional equity’ into the city’s troubled transport project, as Acciona agrees to withdraw its A$1.1 billion legal claim.
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