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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.
Jeffrey Mullan, a former secretary of the Massachusetts Department of Transportation, has rejoined law firm Foley Hoag to focus on the firm’s transportation and infrastructure practice.
India’s IDFC, which the Reserve Bank of India qualified as an infrastructure finance company last year, is planning to sell up to Rs.50bn in Rs.5,000 bonds in the upcoming fiscal year.
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.
The San Francisco-based infrastructure investment firm will partner with developer Sequel Power on photovoltaic projects in South Africa and Argentina.
The bi-state authority charged with building a bridge to connect Kentucky and southern Indiana has issued a request for information from potential private partners.