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Marubeni’s infra fund falls short of targeted first close

MM Capital Partners failed to reach its first close target of ¥30bn for its maiden infrastructure fund due to some investors demanding more seed assets before committing capital.

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 […]

NIIF and PSP’s Roadis launch $2bn platform to invest in India’s roads

Under the initial agreement, the fund and PSP-owned highway operator Roadis will invest in new opportunities on a 50:50 basis.

China’s CICC mulls $7.5bn fund to buy assets from cash-strapped local authorities – exclusive

Investment bank aims to raise capital from public and private Chinese corporates and funds of funds, but does not rule out foreign participation.

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.

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