Alexandra Atiya
The construction firm has submitted an unsolicited proposal to upgrade Interstate 70 as a public-private partnership. If Colorado decides to accept Parsons’ proposal, the state will also have to open the project to competitive bidding.
The $5.2bn San Diego City Employees’ Retirement System, which has a 3% infrastructure target, has appointed StepStone and Credit Suisse as discretionary advisors.
Jeremy Schwer and Thomas Trimble will rejoin Akin Gump in the firm’s Washington DC office.
The state’s $15bn oil and gas endowment has established a 10% real return allocation, which could include investments in timber and infrastructure, and has begun to look for an investment officer to direct the real return group.
Amtrak has tasked the consultancy with creating a financial plan identifying opportunities for public-private partnerships in the development of a 220mph high-speed rail network in the north-eastern US.
Four groups participated in an auction for the Natal airport, with the winning bid, worth $106m, fielded by an Argentine-Brazilian consortium. Airports in Brasilia and São Paulo are next in line for privatisation.
A subsidiary of Indian developer GVK Power & Infrastructure has agreed to acquire a stake in Bangalore Airport for about $132m from Siemens Project Ventures. Once completed, the acquisition will make GVK the airport’s largest shareholder.
Mexican developer IDEAL submitted the only bid for the 30-year Pacifico Sur concession, which involves the construction of about 140km of new highways and the operation of 169km of existing roads. IDEAL has pledged to invest Ps.$16bn in the project, including an upfront payment of Ps.$4.3bn.
The A$1bn Prime Super fund has agreed to acquire a stake in International Parking Group, which operates nine hospital car parks, from the JF Infrastructure Yield Fund for an undisclosed sum.
The energy infrastructure-focused US private equity firm, which closed its second fund on $4.3 billion last year, has agreed to acquire a 575MW natural gas-fired power plant in Pennsylvania for an undisclosed sum.