PPP

Global law firm Norton Rose Fulbright has hired veteran project finance lawyer Douglas Buchanan to co-head its North American infrastructure practice as it plans to expand its focus on public-private partnerships. Buchanan will serve as senior counsel for Norton Rose Fulbright in North America, working alongside co-heads Doug Fried in the US and Greg Lewis […]

The governing authority for Los Angeles International Airport chose a consortium led by Fengate Real Asset Investments to develop the next phase of a multi-stage public-private partnership modernising the US’s second-largest airport. Los Angeles World Airports recommended LA Gateway Partners be approved to design, build, finance, operate and maintain a consolidated rental car (ConRAC) facility […]

For users and city officials, the 75-year concession is what ‘egregious private-sector capital’ looks like.

Legal disputes, annual calls to annul it and an anniversary that sets the stage for six decades of private-sector upside make the deal a case study in the dangers of misaligned interests.

Bill S-865 allows more government bodies to enter into public-private partnerships, which are no longer limited to social infrastructure and can now include roads.

The Eno Center for Transportation argues ‘privatisation for its own sake is bad public policy’ but is not averse to public-private partnerships when appropriate.

The buyers said they are they ‘are well placed to […] mitigate the effect of declining concession lengths’ for the 65-asset PPP and PFI portfolio.

The deal would give the duo a weighty PFI portfolio, while capping off a challenging 12 months for the listed fund.

India’s GVK moves the $2.3bn greenfield development, initially approved in 2007, to the construction phase.

Some 84% of investors surveyed told law firm DLA Piper that infrastructure project proposals in the UK have become too politicised.