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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

A63 refinancing leans toward floating rate loan

The €670 million ($721 million) refinancing of the A63 toll road in southern France has been running as a competitive process between bonds and loans, but now the preference is for a floating-rate loan solution

Abertis completes disposal of airport business

Abertis has reached an agreement with Grupo Aeroportuario del Pacífico (GAP) for the disposal of its full stake in Desarrollo de Concesiones Aeroportuarias (DCA) for a net amount of €177 million

Third close for PiP fund attracts seven new LP investors

Fund manager Dalmore Capital has announced the fourth close of the Pension Infrastructure Platform (PiP) PPP fund bringing it to over £500 million, with seven new limited partnerships (LP) investors participating

Passante di Mestre bond arranging on hold until June

Italy’s Passante di Mestre €800 million ($859 million) bond refinancing process has been put on hold due to a renewal of the project company's board members, though negotiations have been scheduled to restart in early-June, a source involved told IJGlobal

Compensation for sponsors of Australia's East West Link

The state of Victoria in Australia will pay compensation to the East West Connect consortium after cancelling the A$5.3 billion East West Link project at the end of last year

SNC-Lavalin and ACS win St. Lawrence bridge PPP

The Government of Canada has named the Signature on the Saint-Lawrence Group preferred bidder for the estimated C$5 billion ($4 billion) St. Lawrence Corridor (NBSLC) PPP project in Québec

VDOT issues termination notice for US-460 DB contract

The Virginia Department of Transportation (VDOT) has provided a notice of termination to Ferrovial Agroman-led US 460 Mobility Partners for the Route 460 project in southeastern Virginia

USDOT launches $500m TIGER grant funding round

The US Department of Transportation (USDOT) will grant $500 million to eligible transportation projects across the country under a seventh round of the Transportation Investment Generating Economic Recovery (TIGER) program

HS1 tap issuance nears pricing

High Speed Rail Finance (1), an issuer for the High Speed One (HS1) rail line concession in the UK, is planning a £97 million ($142 million) index-linked tap issuance

ICA, La Caisse ink Mexico transportation deal

Mexican construction firm Empresas ICA and Canadian institutional investor Caisse de dépôt et placement du Québec announced today (13 April 2015) that they have formed an operational platform dedicated to transportation projects in Mexico

PennDOT invites unsolicited PPP proposals

The Pennsylvania Department of Transportation's (PennDOT) PPP office has again invited private companies to submit unsolicited proposals for projects in the state

ANI gets four bids in initial tender for second wave roads

Colombia's National Infrastructure Agency has today (10 April 2015) received four bids for the Ps 448 billion ($192m) Puerta de Hierro - Palmar de Varela highway concession, kicking off procurement of the so-called second wave of projects

DfT mandates Rothschild ahead of Airports Commission final report

The UK Department for Transport (DfT) has mandated Rothschild as its financial adviser, as the Airports Commission’s final report approaches on whether Heathrow or Gatwick Airport should build new runway capacity

Pass-through toll considered for Kampala-Jinja expressway

The Uganda National Roads Authority (UNRA) is considering a pass-through toll structure for the Kampala-Jinja Expressway project, according to the IFC which is advising the state-owned procurement authority

Concessionaires reach tolling agreement with French government

The French government and the country’s major motorway concessionaires have reached an in-principle agreement, bringing to a conclusion disputes against a freeze that the state imposed on tariff rates in January 2015

P3 Canada Fund to launch next round of applications

PPP Canada will launch a seventh call for proposals for prospective project financings under its second C$1.2 billion ($961 million) P3 Canada Fund on Monday, 13 April

Poland tenders roads maintenance and reconstruction PPP

The Lower Silesian Road and Railway Service in Wroclaw Poland has issued a contract notice for an availability-based PPP involving the reconstruction and maintenance of between 90km and 315km of provincial roads in the region Donoslaski

Japanese JV wins Philippines airport deal

The Philippine’s’ Department of Transportation and Communications (DOTC) has awarded the P3.36-billion ($75 million) greenfield New Bohol airport to a Chiyoda and Mitsubishi joint venture