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.
Infrastructure/PPP news in North America
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.
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.
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.
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.
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.
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.
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.
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.
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.
US private equity firm KKR has closed its Global Infrastructure Investors III for the first time at US$6 billion.
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.
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.
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.
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).
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.
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.
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.
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.
MegaProject 1240: ACS-Aecon-CRH consortium selected for US$950 million light rail project in Ontario
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.