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Transport News

Spain to remove tolls on road concessions

Spain to remove tolls on road concessions

🕔Jun 19, 2018

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. 

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MegaProject 1282: US$8 billion road PPPs awarded in Argentina

MegaProject 1282: US$8 billion road PPPs awarded in Argentina

🕔Jun 19, 2018

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.

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Globalvia and Comsa Concesiones sell stakes in Spanish metro concession

Globalvia and Comsa Concesiones sell stakes in Spanish metro concession

🕔Jun 18, 2018

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.

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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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CCR acquires controlling stake in airport concession in Costa Rica

CCR acquires controlling stake in airport concession in Costa Rica

🕔Jun 14, 2018

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%.

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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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Concessionaire refinances largest container terminal in Portugal

Concessionaire refinances largest container terminal in Portugal

🕔Jun 13, 2018

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.

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Poland announces four road PPPs

Poland announces four road PPPs

🕔Jun 12, 2018

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.

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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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MegaProject 1277: Bogotá Metro Company negotiating US$1.2 billion financing for PPP

MegaProject 1277: Bogotá Metro Company negotiating US$1.2 billion financing for PPP

🕔Jun 11, 2018

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.

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MegaProject 1276: US$1 billion Rotterdam motorway PPP reaches financial close

MegaProject 1276: US$1 billion Rotterdam motorway PPP reaches financial close

🕔Jun 8, 2018

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).

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MegaProject 1275: London and Paris metro operators compete for Buenos Aires concession

MegaProject 1275: London and Paris metro operators compete for Buenos Aires concession

🕔Jun 6, 2018

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.

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Three bids for rail PPP in Uruguay

Three bids for rail PPP in Uruguay

🕔Jun 5, 2018

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.

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US$230 port concession awarded in Peru

US$230 port concession awarded in Peru

🕔Jun 5, 2018

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.

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MegaProject 1274: Sri Lankan government approves US$800 million rail PPP

MegaProject 1274: Sri Lankan government approves US$800 million rail PPP

🕔Jun 5, 2018

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.

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64 EOIs submitted for Bogotá metro

64 EOIs submitted for Bogotá metro

🕔Jun 4, 2018

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).

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MegaProject 1273: US$750 million Parramatta light rail PPP advances despite LRT issues elsewhere in NSW

MegaProject 1273: US$750 million Parramatta light rail PPP advances despite LRT issues elsewhere in NSW

🕔Jun 4, 2018

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.

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MegaProject 1272: Norway's first PPP project in over a decade reaches financial close

MegaProject 1272: Norway's first PPP project in over a decade reaches financial close

🕔Jun 1, 2018

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.

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MegaProject 1271: Financial close for US$640 million causeway PPP

MegaProject 1271: Financial close for US$640 million causeway PPP

🕔May 31, 2018

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).

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