The proposed long-term lease of parking meters, garages and lots is aimed at getting the city off Pennsylvania’s ‘distressed’ list and adding an additional $15m per year to the city’s pension plan, which is only 30% funded.
Interested parties have until 5pm on 15 March to express their interest in a long-term concession of the city’s 3,456 parking meters. They may also choose to express their interest in a management contract for the city’s parking garages and parking lots.
Caisse des Dépôts et Consignations has announced the creation of a unit dedicated to infrastructure investment – CDC Infrastructure. The new vehicle intends to acquire minority stakes in PPPs across the transport, energy and environmental sectors. CDC Infrastructure will mostly target brownfields and starts with a portfolio of nine holdings worth €600m.
Lawmakers in the UK have urged the British government to reject European proposals for wide-ranging regulation of the alternative funds universe as they currently stand, especially if there is no comparable legislation in the US.
The Government Pension Fund of Thailand is planning to increase its foreign exposure across the asset classes and will focus on on the Asian markets in the near term.
The fund, which was targeting $1bn in total commitments, closed Tuesday. Investors in North America, Europe, Asia, Australia and the Middle East joined the fund. It will invest in infrastructure assets such as toll roads and businesses whose activities serve as inputs for those assets, such as cement manufacturers.
The energy- and infrastructure-focused firm, which advised the TIFIA credit programme on a recent $1.68bn highway project, picked Laurent Lavigne du Cadet for the job.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap. The fund received first-time commitments from CalPERS’ newly created infrastructure allocation and from the Oregon Public Employees Retirement Fund totalling $500m.
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