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Fitch: ‘mostly stable’ US transport sector could hit roadblocks

Growth in the US transport sector this year will be moderate and stay in lockstep with the country’s GDP, according to Fitch Ratings. The company, in a report published on Monday, predicted “mostly stable” growth in airports, toll roads and ports, citing in all cases a strong commercial and consumer economy. However, the ratings agency […]

Cube Highways snaps up three greenfield assets under new development model

The government will assume 40% of the construction costs, while I Squared's Indian roads platform and Indian developer KNRC will assume the remaining 60%.
Highway traffic to Jacksonville, Florida, US

Macquarie settlement shows cost of getting traffic forecasts wrong

Macquarie Capital has settled a lawsuit with Syncora Guarantee for $38m, following accusations of using inflated projections to secure a toll road acquisition. We find the pre-crisis deal offers some valuable lessons for the transportation industry.

Victorian state government kicks off PPP race for Australia’s North East Link road

The Labor government won re-election in a landslide last week and is pushing ahead with a spending spree on a raft of infrastructure projects.

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.

India puts second bundle of toll roads on the block

I Squared, Brookfield and CPPIB are among the high-profile investors considering a bid for the 30-year concession of eight toll roads, Invest India says.

Transurban clinches Australia’s last big privatisation with $6.7bn WestConnex bid

The consortium led by the toll-road operator – including Australian Super, CPPIB and Tawreed – beat competition from an IFM-led team, as Transurban gains control of 16 of the country’s 20 toll roads.

Australian competition watchdog clears Transurban’s WestConnex bid

The ACCC gives the green light to a consortium led by the toll road operator acquiring a 51% stake in Sydney Motorway Corporation, but the listed firm will have to publish data from existing concessions to level the playing field.

Italy to revoke Autostrade’s Morandi bridge concession but ‘unbalanced’ deals set to remain

Prime Minister Giuseppe Conte softens threat to nationalise all concessions but warns of ‘a clear signal of change’ to how they are operated.

Italy’s new government threatens to revoke motorway concessions after bridge collapse

The authorities are also demanding resignations and considering fines for operator Autostrade, following the incident in Genoa which killed at least 37 people.

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