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Megaprojects News

MegaProject 1298: London Borough Council scraps US$2.6 billion housing PPP

MegaProject 1298: London Borough Council scraps US$2.6 billion housing PPP

🕔Jul 20, 2018

Haringey Council has voted to scrap the Haringey Development Vehicle (HDV), a public-private partnership, in development since 2015, that entailed the construction of 6,400 homes and represented over GBP2 billion (US$2.6 billion) investment. Haringey is a borough of London, located in the north of the city.

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MegaProject 1297: US$250 million wastewater concession tender launched in Peru

MegaProject 1297: US$250 million wastewater concession tender launched in Peru

🕔Jul 19, 2018

Peru's Private Investment Promotion Agency (ProInversión) has launched the tender for the design, financing, construction, operation and maintenance of a wastewater treatment system for the Lake Titicaca basin, located in Puno, in the south-east of the country. The project has an estimated total investment of PEN840 million (US$255.5 million).

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MegaProject 1296: US$4 billion light rail PPP tender launched in Israel

MegaProject 1296: US$4 billion light rail PPP tender launched in Israel

🕔Jul 17, 2018

NTA Metropolitan Mass Transit System Ltd., the Israeli government company responsible for the design and construction of a mass transit system for the Tel Aviv metropolis, has published an invitation to pre-qualify to develop two new light rail transit (LRT) lines in the city, estimated to cost ILS15 billion (US$4.12 billion).

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MegaProject 1295: Altitude Infrastructure closes US$600 million broadband PPP in France

MegaProject 1295: Altitude Infrastructure closes US$600 million broadband PPP in France

🕔Jul 12, 2018

Altitude Infrastructure has signed a 25-year concession agreement and closed a debt financing package for the deployment and maintenance of an ultra-high-speed broadband network in Haute-Garonne, a department in the south of France. The estimated total project investment is EUR516 million (US$606.8 million).

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MegaProject 1294: First phase of US$2.3 billion airport PPP in India reaches financial close

MegaProject 1294: First phase of US$2.3 billion airport PPP in India reaches financial close

🕔Jul 11, 2018

GVK Power & Infrastructure has announced that it has achieved financial close of the first phase of the INR160 billion (US$2.3 billion) Navi Mumbai airport PPP project. The company will deliver a new international airport in Maharashtra, west-central India, to relieve the pressure on Chhatrapati Shivaji International Airport (CSIA), the only airport currently serving the Mumbai Metropolitan Region.

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MegaProject 1293: Argentinian government announces US$570 million rail PPP

MegaProject 1293: Argentinian government announces US$570 million rail PPP

🕔Jul 10, 2018

The Government of Argentina has announced that a 700km section of the North Patagonia railway will be upgraded through a public-private partnership (PPP). The estimated total investment required is US$570 million.

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MegaProject 1292: ACS and Fluor selected for US$3 billion USA-Canada bridge PPP

MegaProject 1292: ACS and Fluor selected for US$3 billion USA-Canada bridge PPP

🕔Jul 9, 2018

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.

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MegaProject 1291: Abertis closes the investment agreements in its toll roads network in Argentina in exchange for the extension of the duration of its concessions

MegaProject 1291: Abertis closes the investment agreements in its toll roads network in Argentina in exchange for the extension of the duration of its concessions

🕔Jul 6, 2018

Spanish toll roads and infrastructure operator Abertis has closed with the government of Argentina two agreements to extend the concession contracts of both subsidiaries in the country, Autopista del Sol (Ausol) and Grupo Concesionario del Oeste (GCO)

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MegaProject 1290: Salvador Bahia Airport and Banco do Nordeste (BNB) agree on financing of the airport's modernization project

MegaProject 1290: Salvador Bahia Airport and Banco do Nordeste (BNB) agree on financing of the airport's modernization project

🕔Jul 5, 2018

Vinci's subsidiary Salvador Bahia Airport and Banco do Nordeste (BNB) have announced to have reached an agreement for a BRL516 million (US$132.14 million) loan to finance the first phase of renovation and expansion works at the airport, which will be completed by October 2019.

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MegaProject 1289: Bulgaria approves decision to open tender of the concession of Sofia Airport

MegaProject 1289: Bulgaria approves decision to open tender of the concession of Sofia Airport

🕔Jul 2, 2018

Bulgaria's government has given green light to the decision of the Ministry of Transport, Information Technology and Communications to open the tender to operate Sofia Airport.

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MegaProject 1288: US$1.6 billion concession to operate Japanese airport awarded

MegaProject 1288: US$1.6 billion concession to operate Japanese airport awarded

🕔Jun 27, 2018

Fukuoka Airport HD Group has signed a Basic Agreement with the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) of the Japanese government to operate Fukuoka Airport, the principal airport on the island of Kyushu, in the south of Japan, under a concession contract.

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MegaProject 1287: UK to retender US$465 million hospital PPP

MegaProject 1287: UK to retender US$465 million hospital PPP

🕔Jun 26, 2018

The Treasury, the UK government department that is responsible for public finance, intends to procure a new private partner for the Midland Metropolitan hospital project. A GBP350 million (US$464.2 million) contract to build and maintain the greenfield hospital, located in the West Midlands region of England, was awarded to Carillion in 2015. This was terminated earlier this year following Carillion's liquidation in January.

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MegaProject 1286: RFQ issued for US$230 million P3 in Oklahoma

MegaProject 1286: RFQ issued for US$230 million P3 in Oklahoma

🕔Jun 25, 2018

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.

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MegaProject 1285: Los Angeles approves PPP for US$950 million civic centre

MegaProject 1285: Los Angeles approves PPP for US$950 million civic centre

🕔Jun 22, 2018

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.

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MegaProject 1284: Greek government seeking interest in US$1.6 billion road projects in Crete

MegaProject 1284: Greek government seeking interest in US$1.6 billion road projects in Crete

🕔Jun 21, 2018

The General Secretariat for Infrastructure of the Greek government has published Requests for Expressions of Interest (RFEOI) for two road projects in Crete, the largest and most populous of the Greek islands. The combined estimated investment of the projects is EUR1.4 billion (US$1.62 billion).

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MegaProject 1283: RFP for US$9 billion light rail PPP in Jerusalem

MegaProject 1283: RFP for US$9 billion light rail PPP in Jerusalem

🕔Jun 20, 2018

The Israeli government's tender committee for the JNET Jerusalem light rail project has published the first package of tender documents. The project, which involves the design, construction and operation of light rail lines in Jerusalem, is the largest PPP project to ever be developed in Israel, with an estimated value of US$9 billion.

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MegaProject 1282: US$8 billion road PPPs awarded in Argentina

MegaProject 1282: US$8 billion road PPPs awarded in Argentina

🕔Jun 19, 2018

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.

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MegaProject 1281: US government deny US$250 million grant to Alabama bridge PPP

MegaProject 1281: US government deny US$250 million grant to Alabama bridge PPP

🕔Jun 18, 2018

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.

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MegaProject 1280: Chicago Express Loop PPP awarded to Elon Musk's Boring Company

MegaProject 1280: Chicago Express Loop PPP awarded to Elon Musk's Boring Company

🕔Jun 14, 2018

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.

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MegaProject 1279: CIMIC Group selected for US$525 million prison PPP in New Zealand

MegaProject 1279: CIMIC Group selected for US$525 million prison PPP in New Zealand

🕔Jun 13, 2018

The government of New Zealand has selected a consortium led by CIMIC Group companies Pacific Partnerships and CPB Contractors as the preferred proponent to deliver the Waikeria Corrections and Treatment Facility Public Private Partnership (PPP) project.

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