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Megaprojects News

MegaProject 1262: GBP175 million green bonds issued for Thames Tideway Tunnel project

MegaProject 1262: GBP175 million green bonds issued for Thames Tideway Tunnel project

🕔May 18, 2018

Tideway, whose shareholders include Allianz, Amber Infrastructure, Dalmore Capital and DIF, has issued GBP175 million (US$236.6 millon) green bonds to finance the Thames Tideway Tunnel (TTT) project, which involves the construction of a 25km sewer tunnel in London.

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MegaProject 1261: Czech Republic launches tender for US$1 billion road PPP

MegaProject 1261: Czech Republic launches tender for US$1 billion road PPP

🕔May 17, 2018

The Ministry of Transport of the government of the Czech Republic has launched the tender for the completion of the D4 highway, which runs from the outer ring-road of Prague, the capital city, to Písek, a town to the south-west. The estimated value of the PPP contract is CZK24.9 billion (US$1.15 billion).

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MegaProject 1260: Spain announces tender for US$640 million road concession

MegaProject 1260: Spain announces tender for US$640 million road concession

🕔May 16, 2018

The Minister of Public Works of the Government of Spain has announced that the A-73 highway will be completed through a "shadow toll" concession worth EUR534.8 million (US$635.6 million). The 71.4 km highway will connect Burgos and Aguilar de Campoo, cities in the Castile and León region of north-west Spain, upon completion.

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MegaProject 1259: UK government approves US$1.4 billion tunnel PPP in London

MegaProject 1259: UK government approves US$1.4 billion tunnel PPP in London

🕔May 15, 2018

The Department for Transport (DfT) of the UK government has approved the Silvertown Tunnel PPP project. This involves the construction of a 1km twin-bore road tunnel under the River Thames, connecting Silvertown, on the north bank of the river, to North Greenwich, in east London. It is estimated to cost GBP1 billion (US$1.36 billion).

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MegaProject 1258: MSC to develop container terminal in Abu Dhabi for US$1 billion

MegaProject 1258: MSC to develop container terminal in Abu Dhabi for US$1 billion

🕔May 11, 2018

Abu Dhabi Ports has signed a 30-year concession agreement with Mediterranean Shipping Company (MSC), based in Switzerland, to establish a new container terminal at Khalifa Port. Located 60km east of the city centre, the port is the flagship deepwater port of Abu Dhabi. It was inaugurated in December 2012.

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MegaProject 1257: New Zealand to tender US$4 billion light rail project after unsolicited proposal

MegaProject 1257: New Zealand to tender US$4 billion light rail project after unsolicited proposal

🕔May 10, 2018

Following an unsolicited proposal, New Zealand's Cabinet has agreed to tender the Auckland Light Rail Project. This involves the development of two light rail lines that will connect the central business district of Auckland, the largest city in New Zealand, located on the country's North Island, to the airport and the north-west region. It is estimated to cost NZD6 billion (US$4.18 billion).

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MegaProject 1256: UK Department for Transport launches market-sounding for multi-billion rail PPPs involving Heathrow Airport

MegaProject 1256: UK Department for Transport launches market-sounding for multi-billion rail PPPs involving Heathrow Airport

🕔May 9, 2018

The UK Government's Department for Transport (DfT) has published prior information notices for market sounding events for two rail projects - the Western Rail Link to Heathrow (WRLtH) and the Southern Rail Link to Heathrow (SRLtH). Heathrow is a major international airport - the second busiest in the world - located 23km west of London.

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MegaProject 1255: US$2 billion light rail PPP in Toronto reaches commercial and financial close

MegaProject 1255: US$2 billion light rail PPP in Toronto reaches commercial and financial close

🕔May 8, 2018

Infrastructure Ontario and Metrolinx have announced that their preferred proponent for the Finch West Light Rail Transit (LRT) project, Mosaic Transit Group, has signed a contract valued at CAD2.5 billion (US$1.94 billion) for the design, construction, financing and maintenance of the 11km light rail line in Toronto.

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MegaProject 1254: Ghana and Burkina Faso seeking interest for cross-border railway PPP

MegaProject 1254: Ghana and Burkina Faso seeking interest for cross-border railway PPP

🕔May 7, 2018

The governments of Ghana and Burkina Faso have issued a joint Request for Expressions of Interest (RFEOI) for a cross-border railway public-private partnership (PPP) project. The governments are seeking technical and financial partners for the construction and operation of a railway line between the two countries.

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MegaProject 1253: Authorities consider PPPs for US$6 billion transit corridors in Miami

MegaProject 1253: Authorities consider PPPs for US$6 billion transit corridors in Miami

🕔May 4, 2018

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.

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MegaProject 1252: Ferrovial sets aside US$285 million to cover penalties for Birmingham highways PPP

MegaProject 1252: Ferrovial sets aside US$285 million to cover penalties for Birmingham highways PPP

🕔May 3, 2018

Ferrovial has announced that it is going to include an additional provision of GBP208 million (US$283.1 million) in its financial results for the first quarter of 2018, which are to be published next week, in relation to the Birmingham Highways PFI contract operated by a subsidiary of Amey Plc., a subsidiary of Ferrovial.

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MegaProject 1251: Japan invites bids for seven airport concessions at minimum US$650 million

MegaProject 1251: Japan invites bids for seven airport concessions at minimum US$650 million

🕔May 2, 2018

The Ministry of Land, Infrastructure, Transport and Tourism (MLITT) of the Government of Japan has launched tender for the operation of seven airports under a 30-year concession contract, setting the minimum bid price at JPY72 billion (US$656.9 million).

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MegaProject 1250: Vinci achieves US$435 million financial close of road PPP in France

MegaProject 1250: Vinci achieves US$435 million financial close of road PPP in France

🕔Apr 30, 2018

VINCI has announced that its wholly-owned subsidiary ARCOS has secured financing for the A355 motorway PPP project in France, which involves the design, financing, construction, operation and maintenance of a new bypass to the west of Strasbourg, the capital of the Grand Est region and ninth largest city in France.

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MegaProject 1249: Marseille launches tender for US$900 million school renovation project

MegaProject 1249: Marseille launches tender for US$900 million school renovation project

🕔Apr 27, 2018

The City of Marseille, located in the south of France, has launched a tender process to select private partners to support the implementation of the Future School Plan (PEA - Plan Ecole d'Avenir​) which involves major renovation works to schools across the city. The City will award four-year public-private partnership contracts worth EUR754 million (US$916 million) excluding tax.

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MegaProject 1248: Ten bids for US$8 billion road tender in Argentina

MegaProject 1248: Ten bids for US$8 billion road tender in Argentina

🕔Apr 26, 2018

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.

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MegaProject 1247: Chile awards US$250 million road concession to Atlantia and CPPIB

MegaProject 1247: Chile awards US$250 million road concession to Atlantia and CPPIB

🕔Apr 25, 2018

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.

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MegaProject 1246: Final RFP released for US$1 billion rent-a-car P3 at Los Angeles airport

MegaProject 1246: Final RFP released for US$1 billion rent-a-car P3 at Los Angeles airport

🕔Apr 24, 2018

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.

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MegaProject 1245: India plans to tender multi-billion rail and road PPPs

MegaProject 1245: India plans to tender multi-billion rail and road PPPs

🕔Apr 23, 2018

Indian Railway Stations Development Corporation (IRSDC) has announced that the redevelopment of Habibganj railway station, located in Madya Pradesh, will be complete by 31 December 2018 - a significant milestone in the authority's first public-private partnership. The redevelopment is being carried out by Bansal Group, who signed a contract for the project with IRSDC in July 2016.

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MegaProject 1244: Altitude Infrastructure wins US$640 million broadband PPP in France

MegaProject 1244: Altitude Infrastructure wins US$640 million broadband PPP in France

🕔Apr 19, 2018

Haute-Garonne Numérique, the government agency in charge the deployment of very high speed broadband in Haute-Garonne, a department in south-west France, has chosen Altitude Infrastructure to deploy a fiber-to-the-home (FTTH) network throughout its territory by 2022. Following installation, the company will manage the network for 20 years.

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MegaProject 1243: US$750 million expressway PPP in Vietnam cancelled

MegaProject 1243: US$750 million expressway PPP in Vietnam cancelled

🕔Apr 18, 2018

It has emerged that the Dau Giay-Phan Thiet Expressway PPP project, which involved the design, construction, financing, operation and maintenance of a 98.7km four-lane expressway linking the Dong Nai and Binh Thuan provinces of Vietnam and represented an investment of US$757.7 million, has been cancelled.

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