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September 2010
The Virginia Department of Transportation (VDOT) received three statements of qualifications for its $1.7 billion US-460 toll road
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US President Barack Obama’s announcement that he plans to create a national infrastructure bank is a mixed blessing.
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The Mexican state of Mexico has closed the 20-year Ps4.07 billion ($31 million) bond financing for the Promotora de Infraestructura Registral
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Peru’s investment promotion agency ProInversion awarded a concession for six provincial airports to Aeropuertos Andinos on 7 September.
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Supreme Manor Wada Bhiwandi Infrastructure - a special purpose partnership comprising Supreme Infrastructure India Ltd, Ram Infrastructure and Tapi Prestressed Products - has reached financial close on a Rs3.225 billion ($69.5 million) 12 year project loan for the Rs4.3 billion Manor-Wada-Bhiwandi four-laning toll road project in Maharashtra.
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PricewaterhouseCoopers has been appointed adviser on the upcoming tender for the NZ$300 million ($214 million) Wiri Prison PPP in South Auckland, New Zealand.
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Chicago's mayor, Richard M Daley, wants to move forward with a new express rail link between O'Hare airport and the city centre.
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The Denver Transit Partners consortium broke ground on the Denver east corridor gold line transit project on 26 August.
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The Galician health authority, Sergas, has shortlisted two bidding groups for the Eu374 million ($479 million) 23-year (including three year construction period) Vigo Hospital PPP
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The A-lanes consortium - comprising Strabag, John Laing, Ballast Nedam and Strukton – has been told it is the preferred candidate for the Eu2 billion A15 motorway project in the Netherlands.
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The Atlandes consortium - advised by HSBC and comprising Bouygues/Colas, Spie Batignolles, NGE, EGIS Projects, HSBC European Motorway Investments and DIF Infrastructure II - has been awarded the Eu1.1 billion ($1.4 billion) 40 year PPP concession for the A63 Salles to Saint-Geours-de-Maremne road in France.
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The Georgia Department of Transportation (GDOT) has released a request for qualifications for the operations and maintenance of its highway rest areas and welcome centres.
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August 2010
A preferred bidder is expected to be named by the first week of September for the the Eu1.5 billion, 30km, A15 link between Maaksvlaket and Vaanpleinproject PPP project in the Netherlands.
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Balfour Beatty has won the sample schools concession for the Hertfordshire BSF programme
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Three BAFOs are due on 13 October for Reseau Ferre de France's (RFF) Eu3.3 billion ($4.4 billion) Bretagne-Pays de la Loire (BPL) high-speed rail PPP
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Bank of the Montreal has closed the C$305 million ($287.8) debt financing for Carillion Secure Solutions' Toronto Forensic Services and Coroner’s Complex (FSCC) PPP.
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International Public Partnerships (INPP) has reported a slight 0.8p increase in net asset value per share in the six months ending 30 June and its shares continue to trade at a premium to net asset value.
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The world’s largest sports infrastructure PPP, the $1.3 billion Sports Hub in Singapore, has reached financial close
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The Israeli Finance Ministry has announced that the government is withdrawing from the Tel Aviv light rail PPP project.
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Quebec will procure the Centre hospitalier universitaire Sainte-Justine (CHUSJ) modernisation as its next health care public-private partnership.
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Four consortia are expected to enter bids on the final offer deadline of 29 September for the Eu900 million HGV automatic tolling project in France - Eco-Tax.
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The Delaware River Joint Toll Bridge Commission (DRJTC), working with the states of New Jersey and Pennsylvania, released a request for proposals for financial and legal advisers on the Scudder Falls Bridge replacement public-private partnership.
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The Finnish Transport Agency has appointed Inspira Oy as financial adviser and Hannes Snellman Attorneys as legal adviser for the E18 motorway PPP between Koskenkyla and Kotka.
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The Portuguese Accounts Court has given a final ratifying visa (visto) to the Eu1.2 billion Pinhal Interior road PPP, paving the way for drawdown on the commercial bank facilities.
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The final BAFO deadline for the Eu430 million Todos-os-Santos hospital PPP in Lisbon, Portugal has been pushed back from the beginning of August to the end of September.
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The Irish National Roads Authority (NRA) is expected to name the preferred bidder on the N17/N18 Gort to Tuam road PPP by mid-September.
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Syndication of the Eu700 million 6.5-year revolving construction facility backing the Flemish Schools project is progressing well and on target for an oversubscription.
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Proposals are in for Ontario's Mental Health Centre Penetanguishene and Windsor-Essex parkway PPP projects
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The Toronto Port Authority has issued a request for qualifications (RFQ) for a 22-year concession to design, build, finance, operate and maintain a pedestrian tunnel
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The ACS Infrastructure-led Fraser Transportation Group closed on the C$200 million ($192 million) private financing
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The $950 million Gerald Desmond Bridge replacement project in Long Beach will be procured as a design-build contract
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The German schools market has witnessed a couple of awards over the past weeks.
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A team led by Ernst & Young has won the advisory deal for the $7 billion Kuwait Metro PPP project. The group also includes Atkins as technical adviser and Ashurst as legal adviser.
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The Puerto Rico Public-Private Partnerships Authority (PRPPA) and the Puerto Rico Aqueduct and Sewer Authority (PRASA) received 13 responses to their request for qualifications
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ARTESP, the transport ministry for the state of Sao Paulo, released a request for qualifications for the southern and eastern sections of the Rodoanel
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The deadline for first bids on France's first availability-based road project, the Eu200 million Route des Vosges 30 year PPP concession, has been put back to September 20.
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The San Francisco bay area’s Metropolitan Transportation Commission (MTC) adopted a cooperative agreement with the California Department of Transportation (Caltrans)
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Barclays Capital and Bank of America Merrill Lynch priced $397.8 million in private activity bonds (PABs) for the Denver Transit Partners Eagle P3 commuter rail concession
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The California Department of Transportation has proposed a 30-year continuous appropriation from the state highway account to finance public-private partnerships
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Staffordshire County Council has awarded Veolia Environmental Services its £1 billion ($1.58 billion) 25 year residual waste treatment and disposal concession
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Vinci Concessions has won the concession for the Notre Dames de Landes airport in Nantes.
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SNC-Lavalin’s Union Pearson Air-Link Group (UPALG) has ceded its concession for the Toronto airport rail link to local transport authority Metrolinx.
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The first of five Scottish PPP hubs – private-public companies responsible for a range of PPP services in the health and social services sector – has been formed in Scotland.
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DBF2, a consortium led by Terracon Development, has won the Chief Peguis Trail road extension concession in Winnipeg.
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Four consortia have entered the pre-qualification phase in the public private partnership procurement process for the DART (Dublin Area Rapid Transit) underground scheme.
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The Puerto Rico Public-Partnership Authority (PPPA) received eight responses to its request for qualifications for the PR-22 and PR-5
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Pennsylvania, New Jersey and the Delaware River Joint Toll Bridge Commission (DRJTC) want to use a PPP concession to replace the Scudder Falls Bridge.
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July 2010
Partnerships British Columbia (BC) has shortlisted groups comprising Plenary, Brookfield and Bouygues/HSBC for the Surrey Pretrial services
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Canada’s national public-private partnership (PPP) body PPP Canada received 68 proposals
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Colombia’s Instituto Nacional de Concessiones (INCO) awarded the third stretch of the Ruta del Sol toll road concession
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Australia’s state governments have so far been unwilling to put pressure on bid costs, or spell out a deal pipeline, for sponsors. Can a recent federally-commissioned report spur them to offer a more tempting slate of deals? By Ben Power.
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Some governments are able to prop up long-term infrastructure lending markets with guarantee products, or simply shorten concession lengths. Others will struggle, as a wave of looming mini-perm refinancings demonstrates. Marcus Bensasson reports.
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The I-635 managed lanes bond issue is the third PPP to close in Texas, and the third private activity bond to close for a US toll road. The $2.7 billion project surpassed the recently-closed North Tarrant Express managed lanes in both cost and size, setting a new benchmark for private infrastructure...
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The McGill University Health Centre bond issue has broken the Canadian PPP market wide open. The C$764.1 million ($740 million) senior series A amortising bonds reached financial close on 9 July, reportedly attracting 51 participants – the most ever for a PPP bond – and setting a new bench...
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Cirincione moves to Siemens as Dexia reshuffles
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Financial close for Liverpool Library
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Despite a shaky banking sector – and constrained government finances – Ireland kept a PPP programme running during the crunch’s aftermath. A pair of jumbo transport deals will test whether outside lenders are still enthusiastic. By Michael Marray.
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TfL completes Tube Lines restructuring
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Desarrollo Vial del Peru has won the concession for section two of the IIRSA Centro highway in Peru.
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The Indian State of Andhra Pradesh has closed a pilot PPP to help four public hospitals offer advanced diagnostics services to low- and middle-income people.
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Infrastructure Ontario has selected a Hochtief-led group as preferred bidder on the Ontario Police project and issued a request for proposals (RFP) on the St. Thomas consolidated courthouse.
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The Bay Area Rapid Transit (BART) board of directors closed the financing gap for the Oakland Airport Connector project.
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Bank of America Merrill Lynch and Barclays Capital are launching $404 million in tax-exempt private activity bonds
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The Canadian province of British Columbia has shortlisted three groups for the design-build contract for a clinical support building
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Inspire, a partnership of Amber Infrastructure (80%) and Shepherd Construction (20%), has reached financial close on the £57 million ($87.1 million) Liverpool Library PFI.
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Financial close for the Eu80 million ($102.6 million) Vila Franca de Xira hospital has slipped as banks and sponsors seek advance clearance form the Portuguese Accounts Court.
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GCP Infrastructure Investments Limited, the UK PPP debt fund managed by Gravis Capital Partners, has completed a £40 million initial public offering at an issue price of £1.00 per share.
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Banks interested in the syndication of the Flemish schools construction debt have until 27 August to submit proposals to the underwriters.
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The International Finance Corporation and European Bank for Reconstruction and Development attracted Eu200 million in B loan commitments
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The Virginia Department of Transportation (VDOT) is set to select a concessionaire for the estimated $1.7 billion US-460
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Sheffield City Council has shortlisted Amey and CarillionMouchel for the £1 billion ($1.53 billion) Sheffield Highway Maintenance PFI project.
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Bilfinger Berger has closed the C$465 million ($440 million) financing for the Women's College Hospital in Ontario.
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Brookfield has been dropped from the tender for the 30-year £450 million Royal Liverpool Hospital PFI concession, leaving three teams to bid in the next round
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Caltrans and the San Francisco County Transit Authority released the final RFP for the $1.045 billion Presidio Parkway
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Larsen & Toubro has been appointed preferred bidder for the Rs121.32 billion ($2.6 billion) Hyderabad Metro rail project.
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SNC-Lavalin and Innisfree have priced the C$764 million ($732 million) bond issue for the McGill University Health Centre PPP.
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Campus Living Villages UK has reached financial close on the £40 million ($61 million) student accommodation scheme for the University of Bedfordshire
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Infrastructure Ontario and the province's Ministry of the Attorney General have shortlisted three bidding groups for the St Thomas courthouse
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Two bidders have submitted BAFOs for the 55 year Notre-Dame-des-Landes airport concession in Nantes - Vinci, advised by Royal bank of Canada, and SNC-lavalin Capital with Abertis and HSBC advising
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Royal BAM has reached financial close on the Eu80 million ($94 million) Schiphol Justice Complex PPP in Holland.
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India has issued guidelines for the issuance of tax-free infrastructure bonds in a bid to meet the investment demands of its burgeoning infrastructure programme.
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Transport for London completed the acquisition of the Tubelines Underground PPP project company on 27 June
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The Eu37.2 million ($47 million) Flemish Bus Depots PPP project has reached financial close - the first PPP of its kind in Belgium.
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The UK Education Secretary, Michael Gove, has announced the end of the Building Schools for the Future
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The Canadian province of British Columbia has issued a request for qualifications to design, build and finance the Evergreen light rail project.
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Barclays Infrastructure has closed on the roughly £100 million ($150 million) Belmarsh West Prison
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Bank lenders to the Reliance Rail PPP project company in Australia have issued it with a reservation of rights notice
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SNC-Lavalin and Innisfree are close to launching the C$1.147 billion ($1.08 billion) debt financing for the McGill hospital
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The City of Offenbach has awarded Hochtief PPP Solutions a 22 year DBFM PPP concession for two schools
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The 28.5 year project financing for the New Karolinska Solna University Hospital PPP - Sweden's first heathcare PPP - has closed.