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May 2013
The Indiana Finance Authority and the Indiana Department of Transportation have issued a request for qualifications for the Interstate 69 Section 5 concession.
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A number of development finance institutions have committed to financing the Izmir Marine Transportation project in Turkey.
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The Indiana state government is preparing a request for qualifications for the Interstate 69 Section 5 design-build-finance-operate-maintain concession.
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The New Zealand Transport Agency is due to issue a request for proposals for the Transmission Gully road project by the end of this quarter.
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Adelaide Airport Limited, the project company responsible for the operation of Australia’s fifth largest airport, has closed a refinancing.
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The Philippines Department of Transportation and Communication has prequalified all seven bidders on the PPP concession for Mactan Cebu airport.
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Teekay and Marubeni are launching a $195 million bond refinancing of the Meridian Spirit liquefied natural gas tanker vessel.
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The Texas Department of Transportation has issued a request for qualifications on the $535 million SH-288 managed lanes project
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IMF Australia is backing a A$450 million ($440 million) class action on behalf of investors who bought shares in the BrisConnections public offering in 2008
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The NSW Ports consortium is aiming to reach close on the A$5.07 billion ($4.9 billion) privatisation of ports Botany and Kembla by 31 May.
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The federal government of Nigeria is in discussions with several development finance institutions about financing 195 outstanding road projects.
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The government of Bangladesh has issued a request for prequalification for the Mongla Port PPP project.
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Local developers Kaunas Bridges and Siauliu Plentas have closed the financing for the Eu11 million ($14 million) Palanga bypass project in Lithuania.
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Concessionaria Rodovias do Tiete has launched a R1.065 billion ($500 million) bond financing, almost a year after pulling a planned tax-exempt issue.
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KR Walayar, a subsidiary of KNR Construction, has reached financial close on the Kerala toll road project in India.
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MBL Infrastructure has been appointed preferred bidder for the Gara Waraseoni real toll project by Madhya Pradesh Road Development Corporation.
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The huge concession fee paid by the winning consortium for the Eu10 billion ($12.9 billion) third Istanbul airport is likely to put pressure on local banking market liquidity.
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The Bouygues-led Phocéale consortium is considering an institutional financing to meet the private financing component of its L2 Marseilles ring road PPP.
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The Texas Department of Transportation has proposed a payment structure for the SH-183 managed lanes project that protects the developer from traffic risk.
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The Arriyadh Development Authority (ADA) has issued the third extension to the bid deadline for the Riyadh bus network project, and submissions are now due in early June.
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Panama has managed a major infrastructure investment programme from a small fiscal base through creative non-budgetary strategies. By Diego Ferrer, Grupo Verdeazul, and Mark Stumpf, Arnold & Porter.
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A Virginia circuit court judge has ruled that the project company for the Midtown Tunnel concession cannot levy tolls on users, throwing the concession, and Virginia's PPP programme into doubt.
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The New South Wales government has shortlisted two bidders for the operations, trains and systems contract for the North West Rail Link project in Sydney.
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The East End Crossing is the largest availability-based financing in the US and Indiana’s first greenfield PPP.
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Regional interest in newly-rehabilitated Myanmar is intense, especially from potential advisers. Despite recent reforms, government will need to overcome decades of turmoil and underinvestment. By Antony Collins
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The Pennsylvania Office of Public Private Partnerships has decided to accept unsolicited proposals for transportation projects until 31 May 2013.
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Terminal Investment Limited is close to mandating banks on the financing of the $411 million Asyaport container terminal project in Turkey, with Isbank favourite to lead the deal.
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The Department of Transportation and Communications for the Philippines has prequalified five bidders for the P1.72 billion automated fare collection system project.
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Hochtief has sold HOCHTIEF AirPort to the Public Sector Pension Investment Board for Eu1.1 billion ($1.45 billion).
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The financing for the first phase of the Gebze-Izmir toll concession closed with an all-domestic lending group. It highlights Turkish sponsors’ difficulties with the complexities of international bank deals.
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France's Ministry of Ecology, Sustainable Development, and Energy has named the Phocéale consortium preferred bidder on the L2 Marseilles ring road PPP.
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MRT Jakarta has awarded three out of the eight contracts for the first phase of the construction of the new mass rapid transport system in Jakarta.
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The US Department of Transportation has picked Taylor-DeJongh as financial adviser for the North Tarrant Express and Grand Parkway concessions in Texas.
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Autoroutes Paris-Rhin-Rhône (APRR) has closed a Eu300 million floating rate note issue under its Euro medium term note programme.
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After a decade of delays, the financing for the Italian BreBeMi toll concession has closed. It gets around banks’ tenor constraints in a way that will be hard to replicate.
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An influx of foreign project debt and equity would help reverse Egypt’s downward economic spiral. But political infighting and constrained local debt markets mean that Egypt’s project finance market is going nowhere fast. By Emma Lindsay.
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ProInversion has launched a tender to find an adviser for the $101.4 million General San Martin port project in Pisco.
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The city of Edmonton is planning to seek statements of qualification for its south-east light-rail project in the first quarter of 2014.
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A joint venture between MBL Infrastrutures and SREI Infrastructure has reached financial close on its Rs5 billion Bikander-Suratgarh toll road project in India.
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Infrastructure Ontario (IO) has extended the deadline to submit statements of qualification for the Eglington Crosstown light-rail concession in Toronto to 14 May.
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Mexican infrastructure operator IDEAL has closed a Ps10 billion ($820 million) bank and bond financing of a portfolio of four toll roads.
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BAM PPP PGGM Infrastructure Cooperatie, the investment joint venture between BAM and PGGM, has reached financial close on the Eu282 million N11/N7 project.
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April 2013
The Philippines Department of Transportation and Communication has received seven responses to its request for qualifications for the Mactan-Cebu Airport PPP.
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Associated British Ports has closed on £150 million ($233 million) in long-term debt to refinance some of its existing bank facilities.
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A consortium led by Strabag has withdrawn from the tender to construct the Riyadh Metro project in Saudi Arabia.
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South African National Parks (SANParks) has launched a request for proposal for the Akukuza airport project in the Kruger National Park.
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The BT20 consortium is in discussions with a group of international lenders to provide a $250 million loan for the National Highway 20 expansion project in Vietnam.
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Seven consortiums have submitted statements of qualification for Florida's Interstate 4 design-build-finance-operate-maintain concession.
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The Port Authority of New York & New Jersey has chosen NYNJ Link Partnership as concessionaire on the $1.5 billion Goethals Bridge PPP.
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Project company Asyaport will mandate banks for the financing of its $411 million container terminal project in Turkey within the next week.
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Düsseldorf Airport has closed a Eu50 million ($64.9 million) loan with KfW-IPEX to fund a refurbishment and modernisation programme.
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The government of New South Wales has retained Ashurst as its legal advisor on the $1.6 billion Sydney CBD and South East Light Rail project.
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The Maryland Department of Transportation has issued a request for information for two transit projects in the state, the Red Line and the Purple Line.
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Global Infrastructure Partners and Highstar Capital have assembled a 12-strong group of lenders for their £460 million refinancing of London City Airport.
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Ireland's National Roads Authority has issued a tender for technical advice and support services for the N25 New Ross bypass PPP.
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The ACS-led Rideau Transit Group combined short-term bank and long-term institutional debt in the C$440 million financing for its Ottawa light-rail transit project.
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Odebrecht has mandated a Banco de Crédito-led consortium as adviser on a $500-600 million debt financing for its Vías Nuevas de Lima toll road concession in Peru.
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The project company for the Guarulhos airport concession in Sao Paulo has drawn on R297 million of a R1.2 billion bridge loan from Brazilian national development bank BNDES.
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The Los Angeles County Metropolitan Authority (Metro) is looking to gauge private sector interest in the proposed Sepulveda Pass Corridor multimodal project.
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The 2013 budget for the SH-130 Concession Company includes a draw on its contingent equity facility to meet a December debt service payment.
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The US Department of State has granted a presidential permit to the New International Trade Crossing, the proposed bridge spanning Detroit, Michigan, and Windsor, Ontario.
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San Miguel Corporation has offered a Ps11 billion upfront payment for the concession of the 7.75km Ninoy Aquino International Airport (NAIA) Expressway phase II.
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Brazil's national development bank, BNDES, has approved a R4.3 billion loan to the state of Rio de Janeiro to help fund construction of the Line 4 metro project.
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The NSW Ports consortium, has been shoring up support for lenders to fund the A$5.07 billion ($5.3 billion) privatisation of Port Botany and Port Kembla.
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Two bidders have been shortlisted for the Transmission Gully road project in New Zealand.
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The Texas Department of Transportation (TxDOT) and a Zachry-Odebrecht venture have reached commercial close on a $1 billion Grand Parkway design-build contract.
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The Denver Regional Transportation District (RTD) now plans to issue a request for proposals for the North Metro Rail Project in mid-2013.
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The Department of Public Works and Highways (DPWH) has launched a tender for the Cavite-Laguna Expressway project in the Philippines.
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Two bidders submitted final bids for the Ninoy Aquino International Airport (NAIA) Expressway project in the Philippines.
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Industry Funds Management and Tawreed Investments, a unit of Abu Dhabi Investment Authority, have been appointed preferred bidder for the privatisation of Port Botany in Sydney and Port Kembla in Wollongong.
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Gary/Chicago International Airport has decided to explore a potential PPP to maintain and operate – but not own – the facility.
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The Chilean Ministry of Public Works is looking to prequalify private entities, including international companies, for the Santiago International Airport PPP.
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Colombia’s national infrastructure agency (ANI) has released the first prequalification documents for its Ps13 trillion ($7.1 billion) Autopistas La Prosperidad road programme.
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The Nigerian government has increased its funding support for the N67 billion ($423 million) Second Niger Bridge PPP.
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The Port Agency of Valparaiso has chosen OHL as concessionaire for the operation of a new terminal at Puerto del Valparaiso in Chile.
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The government of La Rochelle is seeking expressions of interest for the refurbishment of the fishing port of La Continiere, France.
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A Plenary-led consortium has been awarded the second phase of the US 36 managed-lanes project
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The Indian state of Goa has appointed consultants to undertake feasibility studies for the Mopa international airport PPP project.
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The National Roads Authority of Ireland has invited contractors to compete for the N25 New Ross Bypass PPP concession.
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MetLife has acquired a minority stake in the consortium building the Intercity Express Programme in the UK.
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The Virginia Port Authority has opted against privatising its Port of Virginia assets and will instead streamline the port’s structure.
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Global Infrastructure Partners has agreed to pay $1.929 billion to buy 35% of Terminal Investments (TIL).
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The Indian government has approved and launched tenders for the design, build, finance, operate and transfer of four PPP road projects.