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Latest North America Analysis

  • Royal Inland Hospital, British Columbia

    The recent financing of the Royal Inland Hospital Patient Care Tower project featured the first internationally accredited green bond in the Canadian P3 market

  • US airports – hashtag flying too

    Everyone has an airport horror story and – curiously – many of them occur in America. For a First World nation that embraced flight early as the favoured mode of transport, it remains a curiosity that the user experience is so… Third World

  • The Caribbean – welcome to PPParadise

    Many people find it hard to look beyond sun-drenched beaches and cocktails when it comes to the Caribbean. But with 28 countries and a combined population of 42.5 million, there’s a strong argument for rebranding it “the land of sun, sea and PPP”… if it can follow the example of Jamaica

  • Howard County Courthouse P3 – Maryland, US

    It is almost unheard of in the US for a P3 project to go from procurement to financial close in just under a year. However, this is exactly what happened with the $150 million Howard County Circuit Courthouse P3 in Maryland, which reached financial close in October, setting a precedent for how infrastructure projects should be procured in North America

  • US and China – first responders

    The US Senate on 3 October passed the Better Utilization of Investments Leading to Development Act. It aims to facilitate the investment of $60 billion in developing countries through a newly formed development finance agency – the US International Development Finance Corporation

  • FAA bill revision – a game changer for US airports?

    The airports sector in the US has both fascinated and frustrated the private sector given the huge potential for investment. But in the last month, the Federal Aviation Administration’s reauthorization bill has made important revisions – including removing the cap on the number airports that can be leased and allowing the public sector to retain a stake in a potential project

  • Gordie Howe Bridge P3, Canada/US

    The Gordie Howe Bridge P3 – formerly known as Detroit River International Crossing (DRIC) and the New International Trade Crossing (NITC) – has been an endurance test. One of the largest ever infrastructure projects in North America, 18 years passed between completion of its cross-border traffic study and financial close on 28 September (2018)

  • PABs: favoured financing

    With a sizable chunk of funding still available to developers, private activity bonds look set to be the gift that keeps on giving despite the growing availability of private placements

  • What’s in storage?

    In the evolving sector of battery storage, where predicting future developments is difficult, the importance of contractual structures – and the ability to validate them – is significant

  • Importing offshore wind experience

    How European experience can be used in the upcoming round of US offshore wind projects

  • Missed opportunity: Seattle monorail

    WHAT WE SAID THEN: “It was an eminently finance-able project using modern technology, offering Seattleites a six-minute service on an elevated system that would provide a critical transport link that could boast both environmental and economic benefits. But it’s dead in the water”

  • Cheating death: Miami Access Tunnel

    WHAT WE SAID THEN: “The most tangled PPP procurement process in the US, a market that has produced more tangled PPP procurements than most”

  • Los Angeles Automated People Mover, US

    As a mass-transit solution, California’s $2.5 billion Los Angeles Automated People Mover breaks new ground for financing in the US, delivering a 2.25 mile elevated electric train system, connecting parking facilities to the international airport

  • From higher education to social infra

    The P3 market in the US is now no longer limited to just the transport sector. It is not even about individual states anymore either. Over the last few years, the focus has shifted to universities procuring student housing projects and setting in motion the potential for other types of social infrastructure projects

  • Unstoppable rise of the mega fund

    As we stare down the barrels of the summer lull having published IJGlobal’s league tables and the IJInvestor funds report for H1 2018, this infra hack is currently horsing up the M6 to Edinburgh to celebrate a rather significant birthday in the motherland

  • Canadian PPP efficiency

    Canadian provinces are undertaking colossal pipelines of PPPs but have a formidable record of bringing them to financial close

  • New York sees a green future

    The state of New York in March announced both that it was awarding 26 large-scale renewables projects worth $1.4 billion, and that it had requested to be excluded from the federal offshore oil and gas drilling programme. The state was making it priorities clear

  • A30 toll road refinancing, Canada

    The refinancing of a project which was intended to divert traffic away from Montreal Island has steered a whole load of Canadian paper across the southern border and into the hands of US investors – a first for a major transport project in the country

  • Corpus Christi 3 LNG, US

    This is the type of transaction that made everyone involved happy. IJGlobal understands that the only frustration on this deal came from the banks – they wanted more. Cheniere Energy awarded only 14% of what each bank had offered on the first new liquefied natural gas development in the US to move forward since 2015

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