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Banks selected for Passante di Mestre bond financing

State-owned highways manager ANAS has selected one of two competing groups of banks to arrange the €800 million ($1.1 billion) bond financing for the Passante di Mestre toll road in Italy's Veneto region

CalPERS buys into Indiana Toll Road concession

IFM Investors has sold down over 10% of its stake in ITR Concession Company, the concessionaire for the Indiana Toll Road which it bought in 2015, to CalPERS and US insurer Allstate Corporation

AdP drops out of Nice Airport privatisation

The general director of Aeroports de Paris (AdP), Edward Arkwright, has announced that the company no longer intends to bid on the privatisation of the Nice Cote d’Azur Airport in France

OHL Mexico plots toll road refinancings

OHL Mexico is already in talks with banks to refinance debt on its Supervía Poetas toll road concession by the end of the year, its management said in a conference call published this week

China seals 215km Bangladesh rail contract

The government of Bangladesh has approved a Tk350 billion ($4.47 billion) 215km rail line between capital city Dhaka and the Jessore district in the southwest of the country near its border with India

Spanish shadow toll refinanced with MARF-listed bonds

Autovia del Noroeste (AUNOR) has issued €54 million ($61 million) in bonds on the MARF market of the Madrid Stock Exchange to refinance the shadow toll road it operates in the Murcia region of Spain

FDN approves Cartagena-Barranquilla subordinate facility

Colombian development finance institution FDN has approved a subordinate facility for up to Ps210 billion (approximately $72 million) to the Cartagena-Barranquilla toll road concessionaire

Baker Botts adds London partner

International law firm Baker Botts has added Stuart Jordan as a partner in its global projects group as part of the firm’s London office

Chile MOP gets bids for Carriel Sur airport retender

Chile’s Ministry of Public Works (MOP) has received two bids for the concession to expand and operate the Carriel Sur airport located in the Bío Bío region

ICA adjusts reported losses, names new board members

Mexican construction giant ICA has announced an increase in reported losses of Ps5.9 billion ($345 million), compared to the preliminary full-year results reported on 30 March 2016

Advisers in place for Lithuanian airports concession

The Lithuanian Ministry of Transport, Communications and State Enterprise has selected a consortium of advisers to lead the procurement of a single concession to operate three international airports

Philippines shelves regional airports PPP

The Philippines' government has shelved the tender of the Ps108.9 billion ($2.33 billion) regional airports PPP

Pinfra awarded La Raza-Indios-Verdes-Santa Clara viaduct

Mexico’s Ministry of Communications and Transport (SCT) has awarded the 30-year concession for the design, build, operation and maintenance of the La Raza-Indios Verdes-Santa Clara viaduct PPP in Mexico City to Pinfra

AIIB and ADB sign co-financing agreement

The Beijing-led Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) have signed a memorandum of understanding to jointly financing projects.

Los Angeles seeks suppliers for airport people mover PPP

Los Angeles World Airports has moved closer to launching procurement of its estimated $2.5 billion people mover system PPP by calling for responses from train systems providers

SG promotes two senior bankers in Asia

Societe Generale has made two senior appointments in Asia. David Gore will take over as head of shipping and offshore finance for the Asia-Pacific region and Gareth Williams will become head of loan syndicate and sales for the region

Tennessee's P3 bill enters into law

The state of Tennessee has passed into law an act authorising the procurement of PPPs for mass public transport, but not road projects

CDPQ Infra details financing for Montreal light rail

Caisse de dépôt et placement du Québec says it will not require public subsidy for its proposed C$5 billion ($3.95 billion) light rail PPP for Montreal

Heathrow Airport denies TfL’s extra cost claims for new runway

Heathrow Airport has denied Transport for London’s (TfL) claims that delivering the supporting infrastructure for a new runway will cost £16 billion ($23.4 billion) more than its own estimates over the long-term