EQT has announced that its third fund for infrastructure investments, EQT Infrastructure III, has been closed at the hard cap of €4 billion (US$4.2 million).
Infrastructure/PPP news in North America
The Smithsonian Institution (Washington, US) has launched a tender process to select a development partner to design, build, finance, operate and maintain the National Zoological Park’s new Central Parking Facility (CPF) under the terms of a public-private-partnership agreement.
CIM Group, LLC and Mitsui & Co., Ltd. have announced a strategic partnership that expands both organizations’ growth initiatives in real estate and infrastructure investments across North America.
Health Minister Terry Lake was joined by Kamloops-South Thompson MLA Todd Stone and officials with Interior Health, the Thompson Regional Hospital District and the Royal Inland Hospital Foundation to announce that the new CAD417 million (US$318 million) patient care tower project at Royal Inland Hospital is moving forward.
Star America has announced that it has reached financial close as a majority equity partner on the US$67 million second phase of a mixed-use student housing project for The University of Texas at Dallas to be co-developed with Balfour Beatty Campus Solutions and Dallas-based residential and commercial developer Wynne/Jackson.
Infrastructure Ontario (IO) and Metrolinx have issued a Request for Proposals (RFP) to three shortlisted teams to design, build, and finance the Highway 401 Rail Tunnel project. Work is required at the Highway 401/409 intersection to accommodate GO Transit expansion along the Kitchener Corridor under Metrolinx's Regional Express Rail (RER) program.
The Northampton County, Pa., General Purpose Authority and Kriger Construction Inc. have signed the contract for the Northampton bridges PPP project in Pennsylvania.
Chatham County, Georgia (USA) has launched a tender process to seek a private partner to develop a new County Courthouse Complex in downtown Savannah.
The State of Maryland (US) is moving forward with the Howard County’s Circuit Courthouse renovation project after Howard County Executive Allan H. Kittleman, pre-filed a resolution to deliver the project through an hybrid innovative public-private partnership (P3).
The City of New Orleans (US) has launched a tender process to enter into a long-term concession for the New Orleans Public Belt (NOPB) inclusive of capital investment, operations, and maintenance responsibilities.
A Mexican-Spanish conglomerate led by Cicsa (Carlos Slim’s Construction company) and Spanish companies Acciona and FCC have signed the contract to develop the new terminal at Mexico City Airport.
The start of construction for the George Massey Tunnel replacement project is one step closer after the provincial government issued environmental assessment certificate.
The Massachusetts Department of Transportation (MassDOT) has issued a Request for Information (RFI) to solicit responses from industry experts and interested parties on a proposed Metropolitan Highway System (MHS) Lighting Project to see if MassDOT should contract with an outside partner to design, build, finance, operate and maintain the lighting system.
Infrastructure Ontario (IO) and Michael Garron Hospital (formerly Toronto East General Hospital), a division of Toronto East Health Network, have issued a request for proposals (RFP) to three companies to design, build and finance the Toronto East General Hospital new Patient Care Tower on P3.
Harbour City Solutions consortium has been selected as the preferred proponent to design, build, finance, operate and maintain, a biosolids management project for the City of Hamilton, Ontario (Canada).
The Los Angeles County Metropolitan Transportation Authority (Metro) has advanced from Phase I to Phase II analysis four unsolicited proposals for the Measure M projects involving the West Santa Ana Branch Transit Corridor and the Sepulveda Pass Transit Corridor P3s.
To support growing demand for long-term care beds, the Canadian province of Newfoundland and Labrador has announced that a new long-term care home will begin construction in Corner Brook in fall 2017.
The Louisiana Department of Transportation & Development (LaDOTD) has announced the issuance of a Request for Information (RFI) to accelerate major enhancements to the I-10 Capital Corridor through a Public-Private Partnership (P3).
The Pennsylvania Department of Transportation (PennDOT) has announced that it will soon take the next steps toward entering into a public-private partnership (P3) contract with a private partner to develop parking and commercial development around the Middletown train station (Connecticut, US), which will be rebuilt through a multi-partner project.
EIV Capital, an energy-focused private equity firm, has announced the final closing of its third fund, EIV Capital Fund III, LP and its affiliates, at its hard cap of US$450 million, surpassing its original US$350 million target.