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AMP Capital increases stake in Victorian desalination PPP

The Australian funds manager ups its total share in the project to 16.5 percent in a deal worth approximately $72m.

PFI is dead, long live… what?

Even if the framework’s demise was very much Chronicle of a Death Foretold, to have it stated as a matter of government policy still packs a punch.

PIP becomes sole investor in Scottish PFI-style hospital

Dumfries and Galloway Royal Infirmary operates under Scotland’s Non-Profit Distributing model, an adaptation of the UK’s PFI scheme which was abolished this week.

UK abolishes PFI as ‘days of the public sector being a pushover’ end

Chancellor Philip Hammond insisted present contracts will be honoured but vowed to never again sign a PFI or PF2 project.

Australian banks participate in 10-year debt facility on Melbourne road PPP refinancing

Increased competition for the Peninsula Link deal drove the country’s four big banks to agree 10-year loans, pushing beyond their preferred five-year terms.

Carlyle to lead $12bn modernisation of New York’s JFK

The Carlyle Group will lead a consortium of private investors financing a $12 billion redevelopment of New York’s John F Kennedy International Airport, according to a plan unveiled by state governor Andrew Cuomo. Carlyle, a US-based private equity firm, is part of the Terminal One Team chosen by the Port Authority of New York and […]

‘One of lowest cost PPP deals ever’ scrapped in UK after Carillion fall

The $441m project had received debt commitments from LGIM, while the Pensions Infrastructure Platform invested in the site last year, both of which are expected to take hits.

Norton Rose Fulbright hires veteran lawyer to focus on PPPs

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 […]

Fengate wins LAX bid as it targets ‘huge opportunities’ in US airports

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 […]

Chicago Parking Meters’ decade of discontent

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

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