SENATOR Grace Poe on Sunday said the partnership between the government and private sectors is vital in the effective modernization of the country’s aging airports. The senator, who chairs the Senate public services committee, cited the newly built Terminal 2 of the Mactan Cebu International Airport (MCIA) as an example.

Between 2016 and 2025, state and local governments are projected to spend an estimated $1.88 trillion on building and rebuilding public infrastructure. But the American Society of Civil Engineers (ASCE) estimates that in addition to this significant amount of infrastructure spending, a $1.4 trillion gap in needed infrastructure will remain.

5G technology will spur new public-private partnerships to solve problems that cities cannot afford to tackle themselves, the head of Panasonic’s smart city experiment in Denver said in Hill.TV’s premiere episode of “Boundless.” “Public-private partnerships are essential, from our perspective, for successful smart city initiatives,” George Karayannis said in the

RThe Cabinet Thursday approved a proposal to manage Ahmedabad, Jaipur, Lucknow and three other airports under public private partnership (PPP). The three other aerodromes are those at Guwahati, Thiruvananthapuram and Mangaluru. The operation, management and development of all these aerodromes, owned by the Airports Authority of India (AAI), would be

After the County Commission voted yes to the public-private partnership Monday, it was the city’s turn to vote Tuesday. “If the city doesn’t participate, there is no deal,” Hal Crocker said. A financial adviser told the City Council that the budget is tight. “The city is financially challenged for lots

The Michigan Strategic Fund is planning to issue US$622.2 million Limited Obligation Revenue Bonds to finance the Michigan I-75 Modernization Project. The proceeds of the bonds will be loaned to Oakland Corridor Partners LLC (OCP), a special purpose limited liability company formed to develop and operate the project. OCP is

The Kuwait Authority for Partnership Projects (KAPP) has announced the commercial close of the Um Al-Hayman Wastewater Treatment Plant project. The selected developer, a consortium of WTE Wassertechnik GmbH Group and International Financial Advisors, has signed an agreement with the General Manager of KAPP and the Undersecretary of Ministry of

The governments of the Democratic Republic of Congo and the Republic of Congo have agreed to develop the first road-rail bridge between their capitals, Kinshasa and Brazzaville, through a public-private partnership (PPP). The 1,575km toll bridge will cross the Congo River. It will include a single railway track, a double-lane