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Under the initial agreement, the fund and PSP-owned highway operator Roadis will invest in new opportunities on a 50:50 basis.
The country’s highways authority will have to choose between accepting a bid that’s lower than its base price of $766m or restructure and re-tender the bundle of eight toll roads.
Lynda Tyler-Cagni wanted to suspend bonuses for staff following the Morandi bridge disaster, but Atlantia said it was unable to do so, citing legal grounds.
The fatal collapse indicates a public-private failure. But confronting the formidable challenges of maintaining ageing infrastructure will require more – not less – public-private cooperation.
But they will be watching whether the government delivers on its promise of support to Kansai International Airport’s concessionaire following the damage super-typhoon Jebi caused earlier this month.
I Squared, Brookfield and CPPIB are among the high-profile investors considering a bid for the 30-year concession of eight toll roads, Invest India says.
The Australian competition watchdog’s decision not to block Transurban’s offer cements the listed toll road operator’s position as the dominant player in the NSW market.
The ACCC gives the green light to a consortium led by the toll road operator acquiring a 51% stake in Sydney Motorway Corporation, but the listed firm will have to publish data from existing concessions to level the playing field.
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