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Infrastructure/PPP news in North America

MegaProject 1349: US transport authority initiates termination of multi-billion rail P3

MegaProject 1349: US transport authority initiates termination of multi-billion rail P3

🕔Oct 16, 2018

Regional Transportation District (RTD), a public transport authority operating in eight counties in Colorado, a state in the western USA, has sent a Notice of Concessionaire Termination to Denver Transit Partners (DTP), a consortium contracted in 2010 to design, construct, finance, operate and maintain a 58km commuter rail network in Denver, the state capital.

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MegaProject 1346: Canadian province to tender US$1.5 billion hospital P3

MegaProject 1346: Canadian province to tender US$1.5 billion hospital P3

🕔Oct 9, 2018

The Government of Nova Scotia, a province in eastern Canada, has announced that the redevelopment of the QEII Health Sciences Centre, known as the QEII New Generation project, will be partly undertaken through a public-private partnership (P3). The total cost of the project is estimated to be CAD2 billion (US$1.54 billion).

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MegaProject 1341: US$3 billion Canada-USA bridge PPP reaches financial close

MegaProject 1341: US$3 billion Canada-USA bridge PPP reaches financial close

🕔Oct 1, 2018

Bridging North America (BNA), a consortium comprised of Fluor, Aecon and ACS Group, through its affiliates ACS Infrastructure (Iridium) and Dragados, has closed financing for the Gordie Howe International Bridge project, valued at over CAD3.8 billion (US$2.94 billion).

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MegaProject 1338: US Business Council pushes to replace scrapped US$1.1 billion privatisation of local airport

MegaProject 1338: US Business Council pushes to replace scrapped US$1.1 billion privatisation of local airport

🕔Sep 25, 2018

The Business Council of Westchester, a business membership organisation in Westchester County, New York, has launched the Coalition for Westchester Airport to campaign to implement a public-private partnership (PPP) to operate the local airport.

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Greystar completes US$4.6 billion acquisition of EdR

Greystar completes US$4.6 billion acquisition of EdR

🕔Sep 24, 2018

EdR has announced the completion of its acquisition led by funds managed by an affiliate of Greystar Real Estate Partners. The total transaction value is approximately US$4.6 billion.

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Gulftainer signs US$600 million port concession in Delaware, USA

Gulftainer signs US$600 million port concession in Delaware, USA

🕔Sep 20, 2018

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the UAE, has finalised a 50-year concession with the State of Delaware in the USA to operate and develop the Port of Wilmington.

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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 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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 KKR Global Infrastructure Investors III closes at US$7.4 billion

KKR Global Infrastructure Investors III closes at US$7.4 billion

🕔Sep 6, 2018

KKR has announced the final closing of KKR Global Infrastructure Investors III, a US$7.4 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries. KKR will be investing US$358 million in capital alongside external investors through KKR’s balance sheet and employee commitments.

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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 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 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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Capital Dynamics closes Clean Energy and Infrastructure VII at US$1.2 billion

Capital Dynamics closes Clean Energy and Infrastructure VII at US$1.2 billion

🕔Aug 22, 2018

Capital Dynamics has announced the final close of its Clean Energy and Infrastructure VII JV LLC fund (CEI VII) with capital commitments of US$1.2 billion. The fund will invest in US-based utility-scale renewable generation assets.

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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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MegaProject 1315: EllisDon achieves financial close of US$915 million hospital PPP in Toronto

MegaProject 1315: EllisDon achieves financial close of US$915 million hospital PPP in Toronto

🕔Aug 16, 2018

EllisDon Infrastructure Healthcare has announced that it has reached financial close on a healthcare centre redevelopment project in Toronto. This comes less than one week after West Park Healthcare Centre and Infrastructure Ontario announced that the contract to design, build, finance and maintain the project had been awarded to the EllisDon team.

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MegaProject 1313: Preferred bidder for Ontario Police Modernization P3

MegaProject 1313: Preferred bidder for Ontario Police Modernization P3

🕔Aug 13, 2018

Bird Construction Inc. (Bird) has announced that it has been selected by Infrastructure Ontario, the Ministry of Community Safety & Correctional Services and the Ontario Provincial Police (OPP) as the preferred proponent to design, build and finance (DBF) the Ontario Provincial Police Modernization Phase 2 project.

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Newfoundland shortlists three bidders for care home PPP

Newfoundland shortlists three bidders for care home PPP

🕔Jul 13, 2018

The Government of Newfoundland and Labrador, the most easterly province of Canada, has identified a shortlist of proponents to move to the Request for Proposals (RFP) stage for the delivery of two new 60-bed long-term care homes through a public-private partnership (PPP).

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MegaProject 1292: ACS and Fluor selected for US$3 billion USA-Canada bridge PPP

MegaProject 1292: ACS and Fluor selected for US$3 billion USA-Canada bridge PPP

🕔Jul 9, 2018

The Bridging North America consortium, which comprises affiliates of ACS Group and Fluor, has been named Preferred Proponent by Windsor Detroit Bridge Authority to design, build, finance, operate and maintain the Gordie Howe International Bridge, which will connect Canada and USA.

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MegaProject 1286: RFQ issued for US$230 million P3 in Oklahoma

MegaProject 1286: RFQ issued for US$230 million P3 in Oklahoma

🕔Jun 25, 2018

The Oklahoma Turnpike Authority has published a Request for Qualifications (RFQ) for the Gilcrease Expressway West P3 project. The authority is seeking interested and qualified firms to construct and finance an 8km expressway on the west side of Tulsa, Oklahoma, located in the south-central region of the USA. The estimated construction cost is US$230 million.

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