08 Feb 2010 21:09 GMT The US Secretary of Transportation says private capital will need to partner with government ‘to do all the things we want to do’, including building a national high-speed rail network....more>>
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08 Feb 2010 21:01 GMT The Energy Investors Funds-backed Kleen Energy Plant in Connecticut had been in development since 2008 and was scheduled to be complete this year. Five people were killed and at least 12 others injured in the blast, which is suspected to have been ignited by natural gas. ...more>>
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08 Feb 2010 20:24 GMT The private equity firm’s Marc Lipschultz says the market will have a choice between ‘Version 1.0’ and ‘Version 2.0’ of infrastructure investing. Lipschultz also describes how he has built out his firm’s infrastructure team and how KKR views infrastructure assets and the overall investing opportunity in the sector...more>>
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08 Feb 2010 12:32 GMT Royal Bank of Scotland has pulled together a club of eight banks to join it in reaching financial close for Bilfinger Berger’s €562m Peninsula Link – a 25-kilometre road near Melbourne. The deal reasserts RBS’ presence in the PPP market, after it was forced to scale back its activity when it ran into trouble following the financial crisis....more>>
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08 Feb 2010 17:39 GMT Reponses to the request are due 4 March and qualified bidders are expected to be selected by 12 March, according to a preliminary sale process schedule. ...more>>
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08 Feb 2010 10:28 GMT Nicolas Merigo, formerly the head of Santander Infrastructure Capital, has been appointed chief executive of Marguerite Adviser, the advisory body that will be responsible for originating investments for the EU’s €1.5 billion Marguerite infrastructure fund. The fund is expected to reach a first close on March 3 2010....more>>
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08 Feb 2010 16:45 GMT The ranking Republican on the House Transportation and Infrastructure Committee called the Midwest states’ proposed high-speed rail routes ‘another bailout programme with low-speed trains to nowhere’. Secretary of Transportation Ray LaHood told Georgia it ‘doesn’t have its act together’ and therefore didn’t deserve more funding for its high-speed rail efforts....more>>
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08 Feb 2010 11:57 GMT An initiative which enabled Australian states and territories to more easily raise finance for infrastructure projects during turbulent economic times is to be withdrawn as confidence in market conditions grows. ...more>>
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08 Feb 2010 12:13 GMT Consortia led by Bouygues, Eiffage and VINCI have submitted initial offers for the construction of France’s ‘Pentagon’ – a €600m building in Paris which aims to concentrate all of the nation’s top military officials. A second round of bidding is scheduled for July 1 2010....more>>
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05 Feb 2010 22:38 GMT Under proposed revisions to the US’ successful Build America Bonds programme, issuers could use the bonds’ proceeds to refund debt from existing assets and fund current capital needs. Compelling reasons would remain to auction off an asset instead, but investors are going to have to work harder to prove their worth....more>>
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