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

Infrastructure boost for regional governments in Osborne's budget

UK Chancellor George Osborne’s Autumn Budget featured several commitments on funding for regional governments in the UK, with Northern Ireland gaining a further £600 million ($907 million) over five years for infrastructure investment and a new Cardiff City Deal announced

CAF, Ashmore close on peso-denominated debt fund

Latin American development bank Corporación Andina de Fomento (CAF) and UK-based fund manager Ashmore have raised Ps1.4 trillion ($450 million) on first close of the region's debut debt fund to focus exclusively on infrastructure

Transurban acquires Australia’s AirportLink

Transurban has acquired the AirportLink toll road concession in Queensland from BrisConnections for a total cash consideration of A$1.87 billion

Preferred bidder for Germany’s A94 PPP

The German Federal Ministry of Transport and Digital Communications has awarded the concession for the €550 million ($583 million) A94 Forstinning-Marktl highway PPP to the Isentalautobahn consortium

Egypt to name advisers for Abu Tartour Port PPP

Additional details on the European Investment Bank’s (EIB) tender for legal and technical advisers supporting the Abu Tartour Port public private partnership (PPP) have been released

California awards HNTB contract for high-speed rail segment

The California High-Speed Rail Authority has awarded HNTB the engineering and environmental services' contract for the San Francisco-Central Valley Wye segments of its high-speed rail project

Autostrade per l’Italia issues notes

Italian toll road operator Autostrade Per L’Italia yesterday (23 November 2015) issued a €750 million ($795 million) third series of notes under its medium term note programme

UPDATE: Financial close for Brabo 2 PPP

Sponsors BAM PPP PGGM Cooperatie and Cofely Fabricom (a subsidiary of Engie) have reached financial close for the Antwerp northern tramline PPP, also known as Brabo 2

EXCLUSIVE More delays for Saudi's Taif Airport

The publication of a list of prequalified bidders for the Taif Airport PPP has been delayed once again, with sources suggesting it will now be released in December 2015

Two submit documentation for Honduras' Palmerola airport

Just two local firms have submitted documentation to be considered for the prequalification in a tender being held for the design, build, finance, operation and maintenance of the Palmerola airport

Wales NPD advisers confirmed

The Welsh Government has confirmed the mandated legal, financial and technical advisers for the country’s two upcoming projects – Velindre Cancer Campus and the dualling of two sections of the A465 road

Delays to Nacala Corridor financing

The financing negotiations for the Nacala corridor rail and port project in Mozambique and Malawi are likely to continue deep into next year, with the exact structure of the deal not yet determined, IJGlobal understands

IFM closes USPP for Victoria PPP

IFM Investors has closed a roughly $202 million refinancing in the US private placement market of the Southern Cross Station PPP’s bank debt

Saudi to privatise airports in 2016

Saudi Arabia will begin privatising its airports in 2016 as lower oil prices continue burden the state’s finances

Melbourne Metro to be procured as a PPP

Victoria Treasurer Tim Pallas and Minister for Public Transport Jacinta Allan have announced that the roughly A$11 billion ($7.92 billion) Melbourne Metro project in Australia will be procured as an availability based PPP concession

HICL broadens investment targets

UK-listed fund HICL Infrastructure has outlined a broader range of asset targets, as announced in its interim results statement for the six months to 30 September 2015

Technical bids in for Maryland's Purple Line LRT

Four shortlisted groups have submitted technical bids for the Maryland Department of Transportation's (MDOT) estimated $2.37 billion Purple Line light-rail transit (LRT) project

New deadlines for Moscow Central Ring Road PPPs

The new deadline for final bids will be in late January 2016 for the delayed Moscow Central Ring Road PPP concessions for sections three and four, it emerged today (18 November 2015)

Winston & Strawn hires in London

Winston & Strawn has hired partner Rebecca Finn and Jason Parker as of counsel in the London office, both with international experience in project finance

Sheffield Highways PFI refinancing approved

Sheffield City County Council in the UK is pushing ahead its plans to lower the pricing on the debt for its Streets Ahead PFI concession, which Amey has held since 2012

Winner selected for Princess Beatrix Third Lock

A consortium of Rebel Group, Besix, TDPartners has emerged as provisional preferred bidder for the new roughly €200 million ($213 million) Princess Beatrix Third Lock and Lek Canal widening PPP in the Netherlands