Groups led by Highstar Capital, Macquarie, Goldman Sachs, GMR Infrastructure and GE Capital Aviation have been shortlisted for the concession to operate Luis Muñoz Marín International Airport, near the capital city of San Juan.
Meridiam, Plenary Group, Cintra, Hochtief and Infrared Capital Partners are among the groups that responded to a request for qualifications for a bridge project near Anchorage. Alaska authorities expect to shortlist bidders by the end of October.
A California engineers’ union has launched the last legal challenge that could prevent the Hochtief- and Meridiam-backed Presidio Parkway from reaching financial close. The union’s previous lawsuit was dismissed in a county court earlier this year, and an appellate court upheld the dismissal.
Earlier this month, the Italian developer acquired a stake in Brazilian concessionaire Triângulo do Sol Auto for about €30m. Now Atlantia has further upped its stake by 10%, bringing its total interest in the concessionaire to 70%.
Existing US surface transportation legislation expired in 2009 and has survived on short-term extensions since. Yesterday, the US Senate passed a House proposal to extend the legislation for the eighth time.
Carlyle’s debut $1.1bn infrastructure fund has posted a gross internal rate of return of 5% and a net internal rate of return of -2% as of June 30. But one of the fund’s LPs said IRR was not a valuable gauge of the fund’s ultimate performance.