China Harbour Engineering Company (CHEC) is developing a knowledge city and edu-tourism venture in partnership with the University of the Commonwealth Caribbean (UCC) in Jamaica, through a build-operate-transfer agreement.
Infrastructure/PPP news in Central and South America
The Export and Investment Promotion Agency of El Salvador (PROESA) has announced that its Board of Directors has approved economic, financial, fiscal and social feasibility studies for two projects to be developed through public-private partnerships.
The Evaluation Commission of National Roads in Argentina has signed a resolution to award six PPP projects which altogether require around US$8 billion investment. The projects involve the design, construction, expansion, improvement, repair, remodeling, operation, maintenance and commercial exploitation of roads located throughout the country, grouped into six corridors.
CCR has agreed to acquire a further 48.15% in Aeris Holding, which owns the concession to operate San José airport in Costa Rica, for US$60 million. The acquisition increases CCR's stake in the company from 49% to 97.15%.
The Bogotá Metro Company (EMB) has announced that it has begun negotiating financing for the Line 1 PPP project with the World Bank and Inter-American Development Bank (IDB). The state-owned company is hoping to secure US$600 million from both financiers for the design, financing, construction, procurement, testing, commissioning, operation and maintenance of the first line of the Bogotá Metro.
The operators of the renowned London Underground and Paris Métro are reportedly competing for the concession to operate the metro system in Buenos Aires, known as the Subte. The contract is thought to be worth around US$3.5 billion over 10 years.
Uruguay's Ministry of Transport and Public Works has received three bids for the execution of the Ferrocarril Central (Central Railway) project, which involves the construction and maintenance of a 273km railway between the Port of Montevideo and the city of Paso de los Toros.
Transportadora Salaverry Consortium, led by Grupo Romero, has won the tender for the modernization of the Salaverry port terminal, located in La Libertad, a region in north-west Peru. The company was selected over one other proponent - Notable Category S.A., owned by the Yildirim Group, a Turkish company.
Colombia's National Development Bank (FDN) has disclosed that around 64 companies have expressed interest in participating in the tender for the development of a metro line in the capital city, Bogotá. The projected value of the PPP contract is COP11.7 trillion (US$4.04 billion).
Brazil's development bank BNDES and the Inter-American Development Bank (IDB) have jointly launched an infrastructure fund, called B2 Infra, with a target size of US$1.5 billion. 30% of the capital will be provided by BNDES, 10% by the IDB and the rest by the private sector, mainly institutional investors.
The National Directive of Roads of Uruguay has announced that it has received two bids for the design, construction, operation and financing of National Route 3 from La Radial to San José PPP Project.
Representatives of the government of Ecuador and the company Verdú have signed the concession contract for the Guayaquil-Santa Elena road corridor PPP project.
Colombia's national development bank, Financiera de Desarrollo Nacional (FDN) has announced that the Transversal del Sigla road PPP project has reached financial close. The project involves the rehabilitation of 137km of road linking Sisga to Aguaclara, running through the departments of Casanare, Boyacá and Cundinamarca.
The Brazilian government has announced that the National Electricity Energy Agency (ANEEL) will auction concessions for the construction, operation and maintenance of approximately 2,600 km of transmission lines on 28 June 2018.
Triunfo Participações e Investimentos S.A. has announced that Aeroportos Brasil SA (ABSA), in which it holds a 45% stake, has filed a request for Judicial Recovery of its subsidiaries, Aeroportos Brasil Viracopos S.A. and Viracopos Estacionamentos S.A. This means that the company is seeking legal protection from creditors.
The Ministry of Communications Infrastructure and Housing (CIV) and the National Agency of Partnerships for the Development of Economic Infrastructure (ANADIE) of the Government of Guatemala have that they have received offers and opened technical proposals for the rehabilitation, administration, operation, maintenance and complementary works of the Escuintla Puerto - Quetzal Toll Road.
Ten offers have been submitted in response to a call for tenders for the modernization of more than 3,400km of national roads in Argentina, split into six road corridors and altogether estimated to require US$8 billion investment.
Grupo Costanera has been awarded the Conexión Vial Ruta 78 Hasta Ruta 68 project, which is expected to cost around EUR200 million (US$244.76 million). The project involves the construction and operation of a new 9.2km motorway in Santiago, the capital city of Chile.
OMERS Infrastructure has announced that it has entered into a definitive agreement to sell its interests in Airports Worldwide (AWW) to VINCI Airports. AWW owns nine new airports (two freehold property, three concession, four management contracts) and three partial management contracts in American airports.
The Government of Uruguay, through its National Public Education Administration (ANEP) has launched a tender for the design, financing, construction and operation of 58 schools located across 17 departments - the fourth package of its schools PPP project.