Spain's new Minister of Development has announced that the government has decided to remove tolls on national roads currently operated under 50-year concession contracts expiring between this year and 2021. Ownership will revert to the State upon expiration.
The Evaluation Commission of National Roads in Argentina has signed a resolution to award six PPP projects which altogether require around US$8 billion investment. The projects involve the design, construction, expansion, improvement, repair, remodeling, operation, maintenance and commercial exploitation of roads located throughout the country, grouped into six corridors.
Globalvia and Comsa Concesiones have sold their shares in Metro de Málaga, which operates two metro lines in Malaga, a port city on the south coast of Spain, under a concession contract.
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.
CCR has agreed to acquire a further 48.15% in Aeris Holding, which owns the concession to operate San José airport in Costa Rica, for US$60 million. The acquisition increases CCR's stake in the company from 49% to 97.15%.
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.
PSA International Pte Ltd (PSA) and Terminal Investment Ltd S.à.r.l. (TIL) have successfully refinanced the container terminal at the port of Sines, located on the south-west coast of Portugal.
The Economic Committee of the Council of Ministers, the collective executive decision-making body of the government of Poland, has announced that four sections of expressways in the country will be built through public-private partnerships.
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.
The Bogotá Metro Company (EMB) has announced that it has begun negotiating financing for the Line 1 PPP project with the World Bank and Inter-American Development Bank (IDB). The state-owned company is hoping to secure US$600 million from both financiers for the design, financing, construction, procurement, testing, commissioning, operation and maintenance of the first line of the Bogotá Metro.
The De Groene Boog (Green Bow) consortium, comprised of Besix, Dura Vermeer, Van Oord, John Laing, Rebel and TBI (Mobilis, CroonWolter&Dros), has successfully concluded the financing agreement for the A16 Rotterdam PPP project. The total project costs amount to approximately EUR870 million (US$1.03 billion).
The operators of the renowned London Underground and Paris Métro are reportedly competing for the concession to operate the metro system in Buenos Aires, known as the Subte. The contract is thought to be worth around US$3.5 billion over 10 years.
Uruguay's Ministry of Transport and Public Works has received three bids for the execution of the Ferrocarril Central (Central Railway) project, which involves the construction and maintenance of a 273km railway between the Port of Montevideo and the city of Paso de los Toros.
Transportadora Salaverry Consortium, led by Grupo Romero, has won the tender for the modernization of the Salaverry port terminal, located in La Libertad, a region in north-west Peru. The company was selected over one other proponent - Notable Category S.A., owned by the Yildirim Group, a Turkish company.
The Sri Lankan Cabinet has approved the launching of tenders for the construction of new railways in the Hambantota district of the country on a build-operate-transfer (BOT) basis. The estimated project cost is US$800 million.
Colombia's National Development Bank (FDN) has disclosed that around 64 companies have expressed interest in participating in the tender for the development of a metro line in the capital city, Bogotá. The projected value of the PPP contract is COP11.7 trillion (US$4.04 billion).
MegaProject 1273: US$750 million Parramatta light rail PPP advances despite LRT issues elsewhere in NSW
Stage 1 of the Parramatta Light Rail project in New South Wales, south-east Australia, has received planning approval, allowing construction to begin before the end of the year.
Skanska has announced the commercial and financial close of the Rv. 3/Rv. 25 PPP project, which involves the financing, design, construction, operation and maintenance of a new 25km national road between Løten and Elverum, in the county of Hedmark, south-east Norway.
BAM PPP has announced that the Afsluitdijk causeway PPP project in the Netherlands has reached financial close. The contract value of the project is EUR550 million (US$638.4 million).