Bruno Alves
After failing to reach financial close before June’s parliamentary elections, the €3.3bn first stretch of Slovakia’s D1 highway did not survive the change of government, with the new transport minister now scrapping the PPP contract.
The US state issued a request for qualifications yesterday for the management of 17 rest areas and nine welcome centres along its highways. Interested parties should respond by November 10 with a request for proposals to be issued for pre-qualified bidders on December 17.
The pre-qualified consortia are required to submit fully financed offers by January 31 2011 for the more than 8,000 parking spaces on offer. The contract should be awarded in mid-February.
The directors of Intoll have recommended to their shareholders an all-cash takeover offer of just over $3bn from Canadian pension CPPIB. The bid represents an enterprise value to full-year 2010 EBITDA multiple of 26.6 times - but one Intoll shareholder called it ‘disappointing on a few fronts’.
Russian president Dmitry Medvedev has halted construction for a stretch of the Moscow to St. Petersburg highway, awarded earlier this year to Vinci. The $2bn project became Russia’s first road public-private partnership to reach financial close, in April.
Transport minister José Blanco finally unveiled the projects he intends to tender this year as part of his €17 billion public-private partnership programme. Railways amount to seven of the eight concessions to be tendered in 2010, worth a total of at least €5.7bn.
Two UK local pensions have raised eyebrows by entering into an innovative fund to help finance regeneration projects in the north-west of England.
Dragages Singapore, a subsidiary of Bouygues, and HSBC Infrastructure Fund III have won a contract to build and operate a sports hub in Singapore over the next 25 years. UPDATED WITH FULL BANK LIST.
An increase in the valuations of Perth, Melbourne, Launceston and three regional Queensland airports have grown the listed fund’s portfolio value by 18%, leading the Australian Infrastructure Fund to almost double its net profit.
The advisory company running the day-to-day activities of the EU-focused €1.5 billion Marguerite infrastructure fund has hired Michael Dedieu, the former head of Fluor’s European infrastructure business, to be the firm’s managing director for transport investments.