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India shelves second bundle of toll roads due to lacklustre response

The government believes worsening borrowing conditions and lower traffic on the roads offered failed to attract investor interest.

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.

GIP, I Squared, among heavyweights in pre-bid talks for six Indian airports

Investors are unhappy about the short time given to prepare the bids, which are due 14 February.

Italy appoints Salini Impregilo and Fincantieri to rebuild Morandi Bridge in €202m deal

Autostrade, which holds the concession for the bridge, has been excluded from the project but will pay for the reconstruction.

IL&FS puts Indian roads portfolio on the block

Two weeks after putting its renewables portfolio up for sale, the developer is looking to divest its roads business, as it works towards a restructuring plan.

India to privatise six major airports by March

The hubs are in major cities and have seen double-digit growth in the past five years.

Atlantia director resigns over ‘inappropriate’ bonus pay-outs

Lynda Tyler-Cagni wanted to suspend bonuses for staff following the Morandi bridge disaster, but Atlantia said it was unable to do so, citing legal grounds.

Three investors join PSP in ‘Brexit-insulated’ Forth Ports investment

Patrick Samson, the Canadian pension's head of infrastructure, tells us he doesn't exclude some 'bumps related to Brexit', but is bullish on the long term, as GLIL Infrastructure, First State Super and Cbus join the deal.

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