Alexandra Atiya

The Australian-listed investor has finalised a previously announced sale of its 29% stake in Pennsylvania utility Duquesne Light to the Government of Singapore Investment Corporation.

The $227bn retirement system has marked a portion of its 2% infrastructure target for investments in California. CalPERS’ staff will make a presentation on how to implement the plan to the investment committee next month.

The university’s board voted last week to authorise a concession of the school’s parking meters and other assets for up to 50 years. In return, Ohio State University expects a minimum payment of $375m

Doug McTaggart, chief executive officer of Australia’s Queensland Investment Corporation, has decided to retire by June of next year. A replacement has not yet been named.

The Senate Environment and Public Works Committee has passed an extension to existing US surface transportation legislation. If the extension clears Congress, it will maintain current transportation funding levels through January 2012.

JPMorgan Asset Management has committed $110m to Soma Group, a Hyderabad-based firm which constructs highway, energy and other infrastructure projects. 3i also committed about $100m to Soma in 2007.

An annual government progress report shows increased private investment in highways and a sharp decline in private investment in the ports sector. Total infrastructure investment for 2011 is estimated to be Mx$674bn, or nearly 5% of the country’s GDP.

Yukiko Kojima will join the California-based law firm Nossaman from Davis LLP, where she was a founding member of the Project Finance, Infrastructure and PPP practice.

The bank will expand its Singapore office to provide greater support for private investment in East Asian infrastructure. The Government of Singapore Investment Corporation and the IFC are also partnering on a $1bn Global Infrastructure Fund.

The Texas Department of Transportation had planned to issue a request for qualifications for the $3.9bn public-private partnership last week, but has decided to take more time to evaluate the scope of the project.