Latest Transport News

Top Story

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

Infracapital agrees first Italian acquisition

Infrastructure investor Infracapital has agreed to acquire an 80% stake in a portfolio of six Italian hospital, transport, justice and energy PPPs from developer Societa' Italiana Per Condotte d'Acqua (Condotte)

Thailand to fast track two high speed rail line PPPs

Thailand will add two more high-speed train rail lines to its PPP fast-track programme: the Bt94.6 billion ($2 billion) 211km Bangkok-Hua Hin and the Bt152 billion 193.5km Bangkok-Rayong.

China commits funds to Moscow-Kazan high-speed rail

The Chinese government has reached an agreement to provide the equivalent of nearly $8 billion of debt and equity financing toward the $21.4 billion Moscow-Kazan high-speed rail PPP in Russia

Deutsche Bahn considers sales

The advisory board of Germany’s state-owned railway company Deutsche Bahn is considering sales of minority stakes in subsidiaries DB Arriva and DB Schenker

French toll concessionaire issues bonds

Vinci Autoroute’s toll road operating subsidiary Autoroutes du Sud de la France (ASF) has placed a €500 million ($574 million) 10-year bond issue with a 1% annual coupon

JLIF increases Barcelona Metro Line Nine stake

The UK-listed John Laing Infrastructure Fund has increased its stakes in the Barcelona Metro Line Nine, Section II concession and the Section IV concession, by an additional 13.5% in each

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