The Michigan Department of Transportation (MDOT) has announced that the Oakland Corridor Partners team is the preferred bidder to design, build, finance and maintain a segment of the Interstate Highway 75 (I-75). The final cost of the project is currently estimated at US$1.4 billion.
Infrastructure/PPP news in (USA) United States of America
Los Angeles World Airports (LAWA) Board of Airport Commissioners (BOAC) has approved L.A. Gateway Partners (LAGP) as the Recommended Developer to design, build, finance, operate and maintain a Consolidated Rent-A-Car (ConRAC) Facility at Los Angeles Airport (LAX), located in southern California, USA.
Bridging North America (BNA), a consortium consisting of ACS Group, Aecon Group and Fluor Corporation, is issuing CAD454.5 million (US$350.9 million) in medium to long-term bonds to finance the construction of the Gordie Howe International Bridge. BNA was awarded a contract to design, build, finance, operate and maintain the bridge in June.
The Transportation Secretary of North Carolina, a state in the south-east of the USA, has responded to calls to cancel the I-77 express lanes P3 project by publishing proposals to improve the contract to address opponents' concerns, as outright cancellation is not possible.
Aecon Group has announced that it has received approval to rejoin Bridging North America, the team selected as the Preferred Proponent to design, build, finance, operate and maintain the Gordie Howe International Bridge through a public-private partnership valued at over CAD4 billion (US$3.06 billion).
The Bridging North America consortium, which comprises affiliates of ACS Group and Fluor, has been named Preferred Proponent by Windsor Detroit Bridge Authority to design, build, finance, operate and maintain the Gordie Howe International Bridge, which will connect Canada and USA.
The Oklahoma Turnpike Authority has published a Request for Qualifications (RFQ) for the Gilcrease Expressway West P3 project. The authority is seeking interested and qualified firms to construct and finance an 8km expressway on the west side of Tulsa, Oklahoma, located in the south-central region of the USA. The estimated construction cost is US$230 million.
Edgemoor-Star America Judicial Partners (ESJP), comprised of Edgemoor Infrastructure & Real Estate and Star America Infrastructure Partners, has been selected by Howard County as its preferred partner to design, build, finance, operate and maintain (DBFOM) a new Circuit Courthouse.
The City of Los Angeles’ Municipal Facilities Committee has recommended a public-private partnership (PPP) for the development of a new civic centre in the city, which is located in Southern California, south-west USA.
Alabama Department of Transportation (ALDOT)'s application for a US$250 million grant for the I-10 Mobile River Bridge and Bayway Widening PPP project to the US Department of Transportation's Infrastructure for Rebuilding America (INFRA) funding programme has been rejected, threatening the future of the project.
The Chicago Infrastructure Trust (CIT), on behalf of the city government, has selected The Boring Company to design, build, finance, operate and maintain an underground express train service between O'Hare International Airport and the city's central business district.
Members of the LAX Integrated Express Solutions (LINXS) joint venture team have announced that the Automated People Mover (APM) project at Los Angeles International Airport (LAX) has reached financial close. The project is valued at approximately US$4.9 billion by Los Angeles World Airports (LAWA), which includes all design, construction, commissioning, operations and maintenance costs over the 30-year concession period.
Civic Health Development Group has secured a US$135 million loan to redevelop a derelict hospital in Chicago, envisaged as a US$1 billion home for hotels, medical offices, retail space, apartments and more.
Ernst & Young (EY) Infrastructure Advisors has advised the Honolulu Authority for Rapid Transportation (HART) that the long-delayed completion of the rail transit system in the city should be undertaken through a public-private partnership.
US private equity firm KKR has closed its Global Infrastructure Investors III for the first time at US$6 billion.
Miami-Dade County in Florida, USA, has issued a Request for Information (RFI) for potentially developing six transit corridors through public-private partnerships. In 2016 the development of the corridors, which collectively span around 75 miles, was valued at US$6 billion.
The Mayor of Washington, D.C. and the Office of Public-Private Partnerships (OP3) have released a Request for Alternative Proposals-Qualifications (RFAP-Q) for the rehabilitation of the Henry J. Daly Building, which currently serves as headquarters for the Metropolitan Police Department (MPD).
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.
Los Angeles World Airports (LAWA) has released of the final RFP to design, build, finance, operate and maintain (DBFOM) the Consolidated Rent-a-Car (ConRAC) facility at Los Angeles International Airport (LAX), in southern California, USA. The estimated total investment of the project is reportedly US$1 billion.
Yilport Holding A.S., a subsidiary of Yildirim Group of Companies, has announced that it has executed a letter of intent with the Mississippi State Port Authority to allow for due diligence and negotiations regarding an investment in the Port of Gulfport, Mississippi, USA. The company would commit to investing in additional facility and equipment upgrades.