CIM Group, LLC and Mitsui & Co., Ltd. have announced a strategic partnership that expands both organizations’ growth initiatives in real estate and infrastructure investments across North America.
Infrastructure/PPP news in Asia
The plant will be built on Jurong Island under a Design-Build-Own-Operate (DBOO) model. It will add another 137,000 cubic metres, or approximately 30 million imperial gallons of desalinated water (mgd) a day to Singapore’s water supply, enhancing water supply resilience.
MyHSR Corporation Sdn Bhd of Malaysia and Land Transport Authority of Singapore have awarded the Joint Development Partner contract for the Kuala Lumpur-Singapore High Speed Rail project to the consortium comprising WSP Engineering Malaysia Sdn Bhd, Mott MacDonald Malaysia Sdn Bhd, and Ernst & Young Advisory Services Sdn Bhd.
Maharashtra's City and Industrial Development Corporation (CIDCO), though the the project monitoring and implementation committee (PMIC), has selected a preferred bidder for the Navi Mumbai International Airport PPP project in India.
The Government of Cambodia is moving forward with negotiations with China’s state-run Yunnan Investment Holdings Ltd.(YIHL) for the development of the new Siem Reap Airport PPP project.
Oman Logistics Company (OLCo) has announced it has launched a tender process to develop the integrated hub, Khazaen Logistics Hub, in South Al Batinah Governorate.
The Asian Development Bank (ADB) and the Government of Myanmar have agreed to partner up in promoting public-private partnerships (PPP) in the transport sector.
COSCO Shipping Ports has announced it will acquire a 16.82% stake in Qingdao Port International (QPI), operator of China's sixth busiest port.
The Government of Indonesia is to launch a tender process for three public-private partnership (PPP) drinking water projects in Bandar Lampung (Lampung), Jatiluhur (West Java) and in Karian (Banten).
Qatari Diar Real Estate Investment Company (QDREIC) has launched a tender process to seek investors to design, build, finance and operate a Turkish Village development in Qatar.
Maharashtra's City and Industrial Development Corporation (CIDCO), though the project monitoring and implementation committee (PMIC), has extended the deadline for the Navi Mumbai International Airport PPP project in India.
MEP SANJOSE Arawali Kante Road, a MEP Infrastructure Developers’ subsidiary, has announced it has achieved the financial closure as per the Concession Agreement executed with the Ministry of Road Transport and Highways (MORTH) dated June 28, 2016.
Saudi Arabia has plans to privatize construction and management of school buildings and has hired HSBC as financial advisor for them.
The Philippine Department of Transportation (DOTr) has launched a tender process to seek bidders for the Development, Operations and Maintenance of the five unbundled airport projects namely Bacolod-Silay, Davao, Iloilo, Laguindingan, and New Bohol (Panglao) under public-private partnership (PPP) scheme.
Airports Authority of India (AAI) has launched a tender process to seek a strategic partner for Operation & Maintenance (O&M) to ensure highest standards of service in select areas other than city side and air side but including passenger terminal, car park, aprons and associated utilities of the Sardar Vallabhbhai Patel International Airport at Ahmedabad, Gujarat and Jaipur International Airports, Rajasthan by entering into an O&M contract.
The Authority wishes to receive electronic Bids from world renowned Airport operators for the O&M arrangement of the Airports with clearly defined roles and responsibilities and risks of each Entity in terms of undertaking O&M of the Airports and both the entities will then enter into an agreement to operationalize the arrangement.
Thailand's US$20 billion pipeline involves 12 projects to be approved by the PPP Committee this year.
Sri Lanka is to setup a separate division for Public Private Partnerships (PPP) under the Treasury with experts to support and advice on PPP projects.
Sri Lanka has delayed a joint venture with China Merchants Port Holdings Company to develop a port on the south-eastern coast of Sri Lanka.
AMP Capital has raised US$2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.