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September 2010
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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Progress on the Eu3 billion ($3.86 billion) Rome Metro Line D PPP concession has ground to a standstill over affordability concerns from the municipality of Rome (Roma Metropolitane).
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UK airports operator BAA has priced a £400 million ($615 million) eight-year class B bond issue to refinance part of its existing bank debt and lengthen the group’s debt maturity
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The much-anticipated award of the $2.65 billion Mafraq-Ghweifat road PPP in Abu Dhabi should be made around 17-18 September.
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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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The Metro Gold Line Foothill Extension Construction Authority released a request for proposals to short-listed bidders for the first section of its foothill light rail extension
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August 2010
The Canadian Pension Plan Investment Board’s A$3.4 billion ($3 billion) take-over offer for Intoll
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E-470 board chairman Ed Tauer proposed a long-term lease of the 74km toll road in Denver
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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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The African Development Bank (AfDB) is considering its first co-financing with international lenders, in the form of an A/B structured loan for South Africa's Transnet.
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Elizabeth River Crossings’ Downtown Tunnel/Midtown Tunnel/Martin Lither King (MLK) Freeway will move forward as a 50-year design, build, finance, operate
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Indianapolis awarded Xerox subsidiary ACS a $35 million concession to operate and maintain the city’s downtown parking meters.
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The £625 million ($961 million) opco Class B refinancing of BAA's holdco junior debt has closed - up from the original target of £500 million due to strong bank appetite.
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The Los Angeles City Council approved the request for proposals (RFP) for a 50-year lease of city’s parking garage system
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The sponsors of Cai Lan International Container Terminal in Vietnam have asked the International Finance Corporation for $101 million
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Gwinnett County has received three responses to its request for qualifications for a potential privatisation of the Briscoe Field airport in Georgia.
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Odebrecht’s proposed R815 billion ($446 million) bond refinancing of the Dom Pedro I corridor concession was the biggest test yet of investor appetite
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ANZ and Westpac have closed a A$350 million ($312 million) bond refinancing for Melbourne Airport.
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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 City of Pittsburgh released the request for proposals (RFP) for the 50-year lease of its parking assets.
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ACS has finalised an agreement with CVC Capital to form a holding company that would take control of its 25.8% stake in Abertis.
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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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Six consortia have submitted pre-qualifications for the 34km Rod El Farag Highway PPP project, currently being tendered by the Egyptian Ministry of Housing, Utilities and Urban Development (MHUUD).
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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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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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ACS has reached agreements to sell its Dragados ports operations to JP Morgan’s infrastructure fund. It is also thought to have reached an agreement to sell part of its stake in Abertis to CVC Capital.
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Transurban has closed on the A$635 million ($580 million) acquisition the Lane Cove Tunnel in Sydney
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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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The Eu1.13 billion ($1.5 billion) 26 year commercial debt package for stretches I (sponsored by FCC) and IV (sponsored by ACS) of the Eu2.5 billion Barcelona Metro Linea 9 PPP signed mid-July. In addition to the commercial debt, the EIB is providing separate Eu200 million loans to each stretch of line.
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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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Yuma Concesionaria (Impreglio/Fondo de Capital Privado Ruta del Sol/Infracol/Cl Grodco) will receive at least $550 million in milestone and completion payments
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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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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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Grupo Maritime TCB and Grupo Empresarial del Pacifico have closed the $160 million senior and mezzanine financing for their Buenaventura container port
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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
Odebrecht has closed a R1.1 billion ($621 million) local currency bond issue for the Dom Pedro I corridor toll road concession
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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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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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Cirincione moves to Siemens as Dexia reshuffles
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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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The Commonwealth of Pennsylvania and the Philadelphia Regional Port Authority (PPRA) have shortlisted two groups for the Southport Marine Terminal
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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 Bay Area Rapid Transit (BART) board of directors closed the financing gap for the Oakland Airport Connector project.
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Morgan Stanley’s Chicago Parking Meters has delayed its proposed $500 million issue of senior secured bonds.
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Dexia and Societe Generale are sounding out banks for a Eu600 million ($776.7 million) long term financing for Strada dei Parchi,
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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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Four banks have been appointed advisers and structuring coordinators for the Eu2.13 billion ($2.73 billion) Pedemontana Veneta highway concession in Northern Italy.
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The £800 million ($1.22 billion) bond refinancing of Angel Trains priced at the tight end of guidance
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The African Development Bank has approved a Eu12 million loan for Eiffage's Dakar-Diamniadio toll concession
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Aecon has sold a 25% stake in the owner of the Cross-Israel Highway concession to the Israel Infrastructure Fund
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Three shorlisted bidders are expected to enter best and final offers for the Eu1.5 billion, 30km, A15 link between Maaksvlaket and Vaanpleinproject PPP project in the Netherlands.
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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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Brazil’s Agencia Nacional de Transporte Terrestre (ANTT) launched the tender for its delayed 511km high-speed rail line
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Puerto Rico’s ambitious public-private partnership (PPP) programme is beginning to take shape,
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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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Barclays Capital and Credit Suisse have launched a $500 million senior secured bond issue for the Chicago Parking Meters concession.
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The National Bank of Abu Dhabi has been appointed by Abu Dhabi Ports Company (ADPC) as its financial adviser for its Khalifa Port & Industrial Zone (KPIZ) project.
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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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North Queensland Bulk Ports Corporation has appointed BHP Billiton and Hancock Coal as preferred bidders for two new 30 Mtpa coal terminals at the Port of Abbot Point.
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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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S&P has rated the upcoming bond issue from Angel Trains' £4 billion ($6.02 billion) Great Rolling Stock Company Ltd programme, BBB
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Hong Kong-listed and Caymans Islands-based Hopewell Highway Infrastructure has raised a Rmb1.3 billion ($191 million) bond to finance construction of the third phase of the Western Delta Route, an expressway linking Zhongshan to the coastal city of Zhuhai in China’s Pearl River Delta region.
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Transport for London completed the acquisition of the Tubelines Underground PPP project company on 27 June
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Gwinnett County has issued a request for qualifications (RFQ) for a PPP concession on Gwinnet County Airport
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Financial adviser Mediobanca is assembling a roughly Eu7 billion acquisition financing to support a buy-out of minority shareholders in Abertis.
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The Saudi Railways Organisation received two bids for its roughly $12 billion Haramain high-speed rail
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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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Two teams are most likely to respond to the EOI (due July 9) for the Channel Tunnel high speed rail link sale - HS1 - in the UK.
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GMR project company GMR Chennai Outer Ring Road has signed a Rs7.2 billion ($154 million) 16-year term loan via sole mandated lead arranger and bookrunner ICICI Bank.
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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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BNP Paribas is leading the $700 million project financing for the Línea Amarilla toll road