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The PPP to build a new terminal at the New York airport, originally scheduled to break ground this year, was revised to reflect the realities of covid-19.
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Citing the short-term impact of the pandemic, the airport’s board says the offer undervalued the asset and was not in the best interests of securityholders.
Blackstone and GIP’s interest in airport services firm Signature Aviation, as well as F2i’s acquisition of a private-jet hub in Sardinia, merit a closer look.
Airport assets are more closely tied to reducing the spread of the coronavirus pandemic than, perhaps, any other sector in infrastructure.
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The final contract is set to be signed around November, with the new private sector owners due to start operating the airport on 1 July 2021.
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The measures which, the government is adopting in light of the coronavirus pandemic, amount to $448.5m and are aimed at helping airlines and toll road users.
The UK’s Civil Aviation Authority is examining the move, which could see the site, part-owned by IFM, become the country’s third regulated airport.
Hobart International Airport is likely to be the penultimate asset acquired by the QIC Global Infrastructure Fund as it nears full deployment, says global infra head Ross Israel.
The chief executives of Qantas and Virgin Australia have hit out at infrastructure investors in a joint appearance in Canberra, calling for greater government intervention in the sector.
The fund manager has set targets for its seven Australian assets, covering airports, ports, a railway station and an electricity distribution business - including a 100% reduction by 2030.
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