02 Nov 2018

US$620 million bond issue to finance highway modernisation P3 project in USA

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

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01 Nov 2018

PR open to public-private partnership, says Sheikh Rasheed

ISLAMABAD: A delegation of International Monetary Fund (IMF), chaired by its resident representative Teresa Daben Sanchez, met with Federal Minister for Railways Sheikh Rasheed and discussed various issues on Thursday. According to a statement released from the ministry, the IMF delegation was interested in finding out measures to reduce fiscal

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01 Nov 2018

The Public Private Partnership (Amendment) Act 2018

The highly anticipated Public Private Partnership (Amendment) Act, No. 9 of 2018 (the PPP Amendment Act) was gazetted and came into force in September 2018. Earlier in the year in June 2018, we circulated a briefing analysing the proposed changes to the Public Private Partnership Act, No. 19 of 2010

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31 Oct 2018

Budget & finance committees move public-private partnership forward

JACKSON, Tenn. — “We do not want to raise taxes,” Madison County Commissioner Doug Stephenson said. “I mean, that’s our game plan. We’re going to do what we have money to do.” Now the question is, how will the county pay for the public-private partnership? “We’re going to make a

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31 Oct 2018

US$525 million financing secured for 4G road project in Colombia

The Ministry of Transport of the government of Colombia and the national development bank Financiera de Desarollo Nacional (FDN) have announced that the Bucaramanga-Barrancabermeja-Yondó ​road project has reached financial close, having secured financing totalling COP1.68 trillion (US$527.4 million). This includes COP280.9 billion (US$88.2 million) senior debt and a COP105 billion

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31 Oct 2018

Seven bidders for US$575 million airport PPP in India

Andhra Pradesh Airports Development Corporation (APDCL) has received seven responses to a Request for Qualifications (RFQ) for the development of a greenfield international airport in the state, located in the south-east of India. The estimated total investment of the project is INR42 billion (US$574.6 million). To be located in Bhogapuram,

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29 Oct 2018

Israeli government signs franchise agreement for US$270 million highway PPP

The government of Israel, represented by the Ministry of Finance accountant general department, the Ministry of Transport, and the National Road Safety Authority, has signed a franchise agreement with Shapir Engineering & Industry and Impresa Pizzarotti for the design, financing, construction, operation and maintenance of a new 5km highway in

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29 Oct 2018

Malaria elimination by 2030 only possible through Public Private Partnerships: Dr Arun Kumar, Bayer

Every year, more than seven lakh people across the world, die of vector borne diseases such as malaria, dengue, chikungunya, Japanese encephalitis and zika. Again, like every year we are seeing the rising numbers of people affected with vector borne diseases. Dengue cases in Delhi have already crossed the 1,000-mark

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26 Oct 2018

EllisDon to issue bonds to finance US$320 million hospital P3 in British Columbia

EllisDon Capital Inc. is preparing to issue two amortizing senior secured bonds to finance the CAD417 million (US$319.5 million) Royal Inland Hospital Expansion Project. Totaling approximately CAD154.9 million (US$118.7 million), the bonds have been assigned a first-time A3 rating by Moody’s Investors Service. The project involves the design, construction, financing

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25 Oct 2018

US$2 billion contract approved for rent-a-car facility P3 at LA airport

Los Angeles World Airports (LAWA) Board of Airport Commissioners (BOAC) has approved a 28-year contract for L.A. Gateway Partners (LAGP) to design, build, finance, operate, and maintain a consolidated rent-a-car (ConRAC) facility at Los Angeles International Airport (LAX), located in southern California, USA. The approved not-to-exceed value of the contract

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