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Infrastructure/PPP news in North America

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 1278: US$4.9 billion Automated People Mover P3 at LA Airport achieves financial close

MegaProject 1278: US$4.9 billion Automated People Mover P3 at LA Airport achieves financial close

🕔Jun 12, 2018

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.

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P3 Mobility wins connected vehical infrastructure PPP in Michigan

P3 Mobility wins connected vehical infrastructure PPP in Michigan

🕔Jun 11, 2018

P3 Mobility (P3M) has been selected to develop a pilot program to test connected vehicle infrastructure and technology in Oakland County, located in Michigan, USA, through a public-private partnership.

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Financial close for US$115 million British Columbia courthouse PPP

Financial close for US$115 million British Columbia courthouse PPP

🕔Jun 8, 2018

Plenary Group has announced that, as leader of the Plenary PCL Justice consortium, it has reached financial close on the Abbotsford Law Courts project in British Columbia, the westernmost province of Canada.

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US$135 million secured for hospital redevelopment in Chicago

US$135 million secured for hospital redevelopment in Chicago

🕔Jun 1, 2018

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.

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Canadian government blocks acquisition of Aecon

Canadian government blocks acquisition of Aecon

🕔May 28, 2018

The Minister of Innovation, Science and Economic Development of the Government of Canada has ordered China Communications Construction Company International Holding Limited (CCCI) not to implement the proposed acquisition of Aecon Group Inc., one of the largest infrastructure developers in the country, in order to protect Canada's national security.

 

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Sacyr signs financing for hospital and highway PPPs in Mexico

Sacyr signs financing for hospital and highway PPPs in Mexico

🕔May 25, 2018

Sacyr Concesiones has announced the close of financing of its two concessions in Mexico. The company has secured EUR86 million (US$100.82 million) for the Tlahuac hospital in Mexico City from the Mexican development bank Banobras, and another EUR86 million from Banco Interacciones for the Pirámides-Tulancingo-Pachuca highway.

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MegaProject 1264: EY recommends P3 for US$8 billion Honolulu rail project

MegaProject 1264: EY recommends P3 for US$8 billion Honolulu rail project

🕔May 22, 2018

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.

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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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KKR Global Infrastructure Investors III achieves US$6 billion first close

KKR Global Infrastructure Investors III achieves US$6 billion first close

🕔May 8, 2018

US private equity firm KKR has closed its Global Infrastructure Investors III for the first time at US$6 billion

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Request for Proposals issued for rail infrastructure project in Ontario

Request for Proposals issued for rail infrastructure project in Ontario

🕔May 7, 2018

Infrastructure Ontario (IO) and Metrolinx have issued a Request for Proposals (RFP) to three shortlisted teams to design, build and finance the Lakeshore West Infrastructure Improvements project.

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IDB to invest US$200 million in waste-to-energy PPP in Mexico

IDB to invest US$200 million in waste-to-energy PPP in Mexico

🕔May 4, 2018

The private investment arm of the Inter-American Development Bank (IDB), the Inter-American Investment Corporation, has approved a US$200 million loan for the construction of a thermal solid waste treatment plant in Mexico City being developed through a public-private partnership.

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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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Washington, D.C. seeking qualifications and proposals for rehabilitation of police headquarters

Washington, D.C. seeking qualifications and proposals for rehabilitation of police headquarters

🕔Apr 27, 2018

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).

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VINCI Airports acquires global airport portfolio

VINCI Airports acquires global airport portfolio

🕔Apr 25, 2018

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.

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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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Five companies shortlisted for healthcare PPP in Ontario

Five companies shortlisted for healthcare PPP in Ontario

🕔Apr 17, 2018

Infrastructure Ontario and Hôpital Montfort have announced the five companies that have been prequalified to build and finance the Orléans Health Hub project. The successful proponent will deliver a new healthcare facility in Orléans, a suburb to the east of Ottawa, the Canadian capital.

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Yilport Holding planning investment in Mississippi port

Yilport Holding planning investment in Mississippi port

🕔Apr 13, 2018

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.

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MegaProject 1240: ACS-Aecon-CRH consortium selected for US$950 million light rail project in Ontario

MegaProject 1240: ACS-Aecon-CRH consortium selected for US$950 million light rail project in Ontario

🕔Apr 13, 2018

Infrastructure Ontario and Metrolinx have selected their preferred proponent for the Finch West Light Rail Transit project: the Mosaic Transit Group. The project involves the design, construction, financing, operation and maintenance of an 11km light rail transit (LRT) line in Toronto.

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