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Megaprojects News

MegaProject 1336: Bahrain and Saudi Arabia to tender US$3.5 billion causeway PPP next year

MegaProject 1336: Bahrain and Saudi Arabia to tender US$3.5 billion causeway PPP next year

🕔Sep 20, 2018

Saudi Arabia’s ambassador to Bahrain has stated publicly that the tender for the King Hamad Causeway, a 25km road and rail bridge that will cross the Gulf of Bahrain, will be launched in six months. The estimated construction cost is between US$3 and 4 billion.

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MegaProject 1335: French authorities confirm US$1 billion road concession

MegaProject 1335: French authorities confirm US$1 billion road concession

🕔Sep 19, 2018

The President of Normandy, a region in the north-west of France, has alleged that the national government's Minister of Transport has confirmed that a contested bypass planned to the east of Rouen, capital of the region, will be developed through a concession.

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MegaProject 1334: IFM Investors-led consortium proposes AUD15 billion rail project in Melbourne

MegaProject 1334: IFM Investors-led consortium proposes AUD15 billion rail project in Melbourne

🕔Sep 18, 2018

A consortium of private investors has announced a detailed plan to develop a rail link between Melbourne Airport and the city's Central Business District (CBD), with a total investment of AUD15 billion (US$10.76 billion).

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MegaProject 1333: Athens airport concessionaire offers US$1.6 billion for 20-year extension

MegaProject 1333: Athens airport concessionaire offers US$1.6 billion for 20-year extension

🕔Sep 17, 2018

The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) has approved a new offer for the 20-year extension of the concession agreement of Athens International Airport. The offer was submitted by Athens International Airport SA (AIA) and provides for a total price of EUR1.3826 billion (US$1.6 billion), including VAT.

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MegaProject 1332: Local contractors win US$1.4 billion highway modernisation P3 in Michigan

MegaProject 1332: Local contractors win US$1.4 billion highway modernisation P3 in Michigan

🕔Sep 13, 2018

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.

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MegaProject 1331: Myanmar seeking qualifications for first greenfield road PPP

MegaProject 1331: Myanmar seeking qualifications for first greenfield road PPP

🕔Sep 12, 2018

The Ministry of Construction of the Government of Myanmar has published an Invitation to Pre-Qualify for the Yangon Elevated Expressway PPP Project Phase 1, the country's first greenfield road PPP project.

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MegaProject 1330: RFQ issued for US$1.25 billion light rail PPP in Canada

MegaProject 1330: RFQ issued for US$1.25 billion light rail PPP in Canada

🕔Sep 11, 2018

Translink, the regional transport agency for the Vancouver metropolitan area in British Columbia, south-west Canada, has published a Request for Qualifications (RFQ) for the Surrey-Newton-Guildford Light Rail Transit (LRT) project, which has a total estimated investment of CAD1.65 billion (US$1.25 billion).

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MegaProject 1329: LA Airport Board selects preferred bidder for rent-a-car facility P3

MegaProject 1329: LA Airport Board selects preferred bidder for rent-a-car facility P3

🕔Sep 10, 2018

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.

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MegaProject 1328: Governments of Malaysia and Singapore sign agreement to defer US$10 billion high speed rail PPP

MegaProject 1328: Governments of Malaysia and Singapore sign agreement to defer US$10 billion high speed rail PPP

🕔Sep 6, 2018

The governments of Malaysia and Singapore have confirmed in a joint statement that construction of the Kuala Lumpur-Singapore High Speed Rail (HSR) project is suspended for a period up to 31 May 2020.

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MegaProject 1327: Eight groups bid to prequalify for US$1 billion expressway PPP in Uganda

MegaProject 1327: Eight groups bid to prequalify for US$1 billion expressway PPP in Uganda

🕔Sep 5, 2018

The Uganda National Roads Authority (UNRA) has received eight pre-qualification applications for the Kampala-Jinja Expressway PPP project. This involves the construction of a 77km expressway linking the capital of Uganda to Jinja, in the south-east. The total estimated investment required is over US$1 billion.

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MegaProject 1326: Tender for US$250 million light rail project launched in Kazahkstan

MegaProject 1326: Tender for US$250 million light rail project launched in Kazahkstan

🕔Sep 4, 2018

The Public Transport Department of Almaty, the largest city in Kazakhstan, located in the south-east of the country, has published a tender announcement for a light rail project.

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MegaProject 1325: Transurban-led consortium to take over largest infrastructure project in Australia

MegaProject 1325: Transurban-led consortium to take over largest infrastructure project in Australia

🕔Sep 3, 2018

The Government of New South Wales, a state in the south-east of Australia, have decided to sell a 51% stake in Sydney Motor Corporation (SMC) to Sydney Transport Partners (STP), a consortium comprising Transurban, AustralianSuper, Canada Pension Plan Investment Board and Tawreed Investments, a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

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MegaProject 1324: US$350 million bonds to be issued to finance US$3.5 billion Canada-USA bridge PPP

MegaProject 1324: US$350 million bonds to be issued to finance US$3.5 billion Canada-USA bridge PPP

🕔Aug 31, 2018

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.

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MegaProject 1323: Argentinian government creates trust to finance US$8 billion road PPP projects

MegaProject 1323: Argentinian government creates trust to finance US$8 billion road PPP projects

🕔Aug 30, 2018

The Government of Argentina has announced that it is creating a trust to ensure the start of construction of six road corridors in late October and early November. The corridors form the first stage of the Ministry of Transport's Network of Highways and Safe Routes PPP project and require an estimated total investment of around US$8 billion.

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MegaProject 1322: Bahrain to tender US$2 billion metro project next year

MegaProject 1322: Bahrain to tender US$2 billion metro project next year

🕔Aug 29, 2018

An advisor to the Transport Minister of Bahrain has stated publicly that the Ministry plans to tender its first metro project next year. The metro rail system will span 109km and cost between US$1.5 and 2 billion to construct.

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MegaProject 1321: Government of Jordan planning US$4.2 billion rail concession

MegaProject 1321: Government of Jordan planning US$4.2 billion rail concession

🕔Aug 28, 2018

The Ministry of Transport of the government of Jordan is reportedly planning to contract Chinese company Touchstone to deliver a US$4.23 billion rail project through a build-operate-transfer (BOT) or build-own-operate-transfer (BOOT) agreement.

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MegaProject 1320: Canada Infrastructure Bank agrees US$1 billion loan for light rail project in Montreal

MegaProject 1320: Canada Infrastructure Bank agrees US$1 billion loan for light rail project in Montreal

🕔Aug 24, 2018

Canada Infrastructure Bank (CIB) has concluded a business agreement with CDPQ Infra, a wholly owned subsidiary of Caisse de dépôt et placement du Québec, regarding its investment in the Réseau express métropolitain project (REM) in Montréal, which will amount to CAD1.28 billion (US$980.5 million).

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MegaProject 1319: US$500 million highway concession in India up for sale

MegaProject 1319: US$500 million highway concession in India up for sale

🕔Aug 23, 2018

Ramky Infrastructure is reportedly in talks to sell the Narketpally Addanki Medarametala Expressway (NAMEL) concession to Cube Highways, valued at between INR33 and 35 billion (~US$470 and 500 million).

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MegaProject 1318: US$650 million road P3 project in North Carolina to be renegotiated

MegaProject 1318: US$650 million road P3 project in North Carolina to be renegotiated

🕔Aug 22, 2018

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.

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MegaProject 1317: Aecon rejoins consortium awarded US$3 billion Canada-USA bridge P3

MegaProject 1317: Aecon rejoins consortium awarded US$3 billion Canada-USA bridge P3

🕔Aug 21, 2018

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).

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