Category Archives: Take Back Infrastructure

Canada Blocks Sale Of Aecon To Chinese

Canada’s federal government has blocked the takeover of a leading Canadian infrastructure company by a company controlled by the Chinese government. Canada cited security reasons for stopping the Cdn $1.5-billion purchase of Aecon Group Inc. by China Communications Construction Co. … Continue reading

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Fengate Readies For Push Into US

A fast-moving Canadian asset fund has hired a high-profile U.S. P3 advocate, arranger, and lawyer to head up its push into the American market. Fengate Real Asset Investments, which has more than Cdn $2.8 billion in equity in over 36 … Continue reading

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Aecon Quits ACS/Fluor Gordie Howe Team

Builder Aecon Group Inc. has left a consortium bidding on the proposed DBFOM Cdn $4-billion Gordie Howe International Bridge between Detroit and Windsor, Ontario. But all three shortlisted consortiums met the May RFP deadline, and the Windsor Detroit Bridge Authority … Continue reading

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Chile Tenders $525-Million Highway

Chile’s Public Works ministry will take bids for a US$525-million highway on July 27, marking an ambitious infrastructure program started by the newly installed Piñera administration. The 30-year concession for a 245-km segment of Ruta 5 (the Panamerican Highway) between … Continue reading

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Bogotá Rolls Out $4-Billion Elevated Rail P3

Amid a US$20-billion frenzy of metro projects and expansion works in South American capitals, the rollout of Bogota’s metro project is singular. A P3 is driving the nation’s single largest infrastructure project, a US$4.347-billion elevated metro line, the city’s first … Continue reading

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n Gruppo Gavio and Ardían Plan International Joint Venture

Hungry for international growth, Italy’s second largest private highway operator, infrastructure developer Gruppo Gavio, has struck a deal with French investment fund Ardian Infrastructure to fund international ventures by Gavio group operators. According to an MoU, the partnership will focus … Continue reading

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Hochtief Secures Abertis For Atlantia and ACS

Germany’s Hochtief, the vehicle chosen by Italy’s Atlantia and Spain’s ACS to front, on their behalf, the takeover bid for toll road operator Abertis de Infraestructuras, S.A. has 85% of Abertis’s shares that trade in the Madrid stock exchange, going … Continue reading

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The Comparative Benefits of Revenue Risk vs. Availability Payment P3s

A Response to “The Revival of Revenue-Risk Highway P3’s” opinion piece by PWF’s transportation policy columnist Robert W. Poole, Jr. in the November 2017 issue of Public Works Financing newsletter. The column by Bob Poole extolling the virtues of revenue-risk … Continue reading

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Compare AP And RR Bid Options To Calculate Revenue Risk Premiums

“Why can’t a public sector entity issuing a toll road RFP simply request a response based on either (or both) revenue risk (RR) and availability payment (AP) payment mechanisms? Then the issuer can compare the RR and AP bids received, … Continue reading

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FHWA Reverses ACS Blacklisting

In a March 28 notice, Federal Highway Administration headquarters announced that ACS Group was no longer excluded from federal contracting. The decision reverses a March 6 notification placing ACS Group and two affiliates on suspension or debarment due to Davis … Continue reading

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