Author Archives: Bill Reinhardt

About Bill Reinhardt

Editor of Public Works Financing newsletter

The Chinese Are Coming!!!

by William G. Reinhardt, PWF editor If its all-cash purchase of Canada’s Aecon Group Inc. is approved in the next few months, China’s civil works giant China Communications Construction Inc. (CCCI) will have bought a seat next to ACS Group, … Continue reading

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Denver Eagle Rail P3 Close to the Brink

The final leg of a two-year regulatory iditerod that has stalled completion of the Denver Eagle rail P3 project appears to be within sight. Political pressure is rising to avoid a termination of the concession held by Denver Transit Partners … Continue reading

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Canada Is The Door To The U.S. P3 Market

Buying Aecon would quickly open the door for CCCI to learn the ways of the P3 market in North America. Alone or teamed with other builders Aecon has developed seven P3 projects in Canada, two in Israel, and one in … Continue reading

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Atlantia And ACS To Shake Up Toll Road Industry

Italy’s Atlantia, SpA and Spain’s ACS, S.A. have set out to shake up the toll road industry. The two firms have turned from rivals to partners in a joint Euro $18.2-billion (US$22.7 billion) takeover bid of Spanish highway operator Abertis … Continue reading

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P3 Industry Startled By Federal Blackball Of ACS Group

(Update: In a March 28 notice, FHWA announced that ACS Group was no longer excluded from federal contracting. No further details were released.) From out of the blue on March 6 came a notification on a federal website that Actividades … Continue reading

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Shikun & Binui Corruption Charged

An Israeli police fraud squad in mid-February detained four current and former employees of Solel Boneh Overseas, an affiliate of Shikun & Binui Holdings Ltd., for questioning on suspicion of bribing a public servant, falsifying corporate documents, fraud, and money … Continue reading

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Japan’s Megabuilders Charged With Bid Rigging

Prosecutors in Japan pressed charges on March 23 against four of Japan’s biggest construction companies for allegedly rigging bids for stations being built for an $80-billion maglev train line connecting Tokyo and Nagoya, in central Japan. Land, Infrastructure, Transport and … Continue reading

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Thimble Shoal Teams Line Up For HRBT Design-Build

The Virginia Department of Transportation (VDOT) said it received qualification statements from three teams on March 2 for a design-build contract to widen Interstate 64 at the High Rise Bridge and Tunnel (HRBT) from two to four lanes, and adding … Continue reading

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Macquarie To Run U.S. P3s From London

London-based Mark Bradshaw has been named the new Head of P3 in the Americas, part of Macquarie’s global Infrastructure and Energy Group, which offers financial advisory services with “flexible principal development solutions” in the U.S., Europe, and Latin America. Bradshaw … Continue reading

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Transurban Pays Macquarie $670 Million For Montreal A25 Toll Road

On March 23, Transurban paid Macquarie Infrastructure Partners $670 million for the seven-year old A25 bridge and toll road concession near Montreal. Transurban expects financial close in Q4, pending approval under the Investment Canada Act. The concession extends to 2042 … Continue reading

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