government

The local government rejected plans by Britain’s ninth busiest airport to grow its passenger limit from 10 million to 12 million on environmental grounds.

In our final Deep Dive instalment, we look at the UK, the first to emphatically reject PPPs, and find an unresolved debate on value-for-money and poorly shared refinancing gains as lessons to be learned.

In the third instalment of our Deep Dive into PPPs, we look at North America and find the private sector has to help the model transition to a more developer-owned or managed scheme.

Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.

The US presidential candidate unveiled a ‘community-driven’ plan that would encourage local governments to fix existing infrastructure and invest in major, long-term projects.

The UK government’s ‘infrastructure revolution’ could come with a change to how Treasury assesses projects’ value for money. That would help explain why the private sector’s role in it appears limited.

But interest from the private sector was strong with 18 firms expressing interest in operating Lambert airport under a PPP agreement that would have generated $2bn in net proceeds for the city.

Private Equity International’s LP Perspectives Survey quizzed 146 institutional investors to ascertain where they stand on Elizabeth Warren’s proposals.

OPIC’s David Bohigian explains how Blue Dot Network, a multilateral initiative backed by the US, Australia and Japan, will establish best practices that will serve ‘as a seal of approval on project excellence’.

he new CEFC-administered Grid Reliability Fund follows an academic report that found the federal government should facilitate investment in transmission infrastructure to ensure emissions continue to fall.