PPP

Private consortium BTG is set to begin construction of the $815m project in Q4 2016, a year later than initially expected.

The Ivy League school, along with local and business leaders, sees benefits in modernising a line to accommodate a growing population in the New York metro region.

Brad Vann has joined the Australian firm to advise the A$10bn Australian Infrastructure Fund.

The initiative would also create a national infrastructure corporation that would be 99% owned by the Treasury.

The London-headquartered asset manager has been chosen to manage the Emerging Africa Infrastructure Fund 14 years after its creation.

The London-listed fund will follow on its January initial investment by deploying a further £50m in sections of the network’s Line 9.

The legislation passed without authorising road and bridge projects, which were covered by the initial package.

The state's transport agency hopes the right to commercially develop and exploit the airports will draw strong interest for the $26m project.

The project is the first of its kind to be delivered through a federal pilot PPP programme.

Plenary and Marubeni are also part of a group that will fund a 7.3km extension to the $980m Gold Coast transit system.