PPP

The UK developer is offloading its project management business to HCP Management Services as it turns its focus on greenfield projects.

If underinvestment continues at its current pace the world will face an annual shortfall of $350bn by 2030, McKinsey warns.

The Russian sovereign fund has also raised debt from Gazprombank to undertake a healthcare project in St. Petersburg.

The two firms are also looking to partner on other infrastructure projects including toll roads and train assets.

A group led by the Australian infrastructure developer has been awarded the $1.14bn project that will nearly double the capacity of University of California, Merced’s campus by 2020.

Australia’s Queensland government will also use A$4bn from the public servants’ superannuation scheme to reduce debt and invest in infrastructure in this year’s budget.

US colleges and universities will increasingly rely on public-private partnerships for their expansion and redevelopment needs, Fitch finds.

Infrastructure could be the big winner in the 2016 presidential race regardless which party or candidate wins in November.

The North Carolina General Assembly has passed bill 954, a step towards terminating the contract the state has already signed with a private partner for the $655m toll road project.

The relaxation of listing requirements aims to provide another funding option for proponents of PPPs in the country.