Regional Transportation District (RTD), a public transport authority operating in eight counties in Colorado, a state in the western USA, has sent a Notice of Concessionaire Termination to Denver Transit Partners (DTP), a consortium contracted in 2010 to design, construct, finance, operate and maintain a 58km commuter rail network in Denver, the state capital.
Infrastructure/PPP news in (USA) United States of America
Bridging North America (BNA), a consortium comprised of Fluor, Aecon and ACS Group, through its affiliates ACS Infrastructure (Iridium) and Dragados, has closed financing for the Gordie Howe International Bridge project, valued at over CAD3.8 billion (US$2.94 billion).
MegaProject 1338: US Business Council pushes to replace scrapped US$1.1 billion privatisation of local airport
The Business Council of Westchester, a business membership organisation in Westchester County, New York, has launched the Coalition for Westchester Airport to campaign to implement a public-private partnership (PPP) to operate the local airport.
EdR has announced the completion of its acquisition led by funds managed by an affiliate of Greystar Real Estate Partners. The total transaction value is approximately US$4.6 billion.
Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the UAE, has finalised a 50-year concession with the State of Delaware in the USA to operate and develop the Port of Wilmington.
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.
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.
KKR has announced the final closing of KKR Global Infrastructure Investors III, a US$7.4 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries. KKR will be investing US$358 million in capital alongside external investors through KKR’s balance sheet and employee commitments.
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.
Capital Dynamics has announced the final close of its Clean Energy and Infrastructure VII JV LLC fund (CEI VII) with capital commitments of US$1.2 billion. The fund will invest in US-based utility-scale renewable generation assets.
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.