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Alexandra Atiya

Proposals to reauthorise surface transportation lending have highlighted the TIFIA lending programme as a way to support PPPs. How TIFIA has emerged from the South Bay Expressway bankruptcy is crucial to this.
A regional planning agency has acquired the remaining lease on California’s South Bay Expressway, which went bankrupt last year. It’s not the agency’s first dealings with the toll road.
Daniel Sherman is leaving DLA Piper to join Greenberg Traurig’s Atlanta office, where he will focus on public-private partnerships and infrastructure deals.
At a public meeting last week, the San Diego Association of Governments presented two options for financing the $345m purchase of the South Bay Expressway. Residents and local officials showed nearly-unanimous support for the acquisition of the privately developed toll road.
The Virginia Department of Transportation has issued a request for detailed proposals for the Route 460 highway extension, which has attracted interest from Cintra, Kiewit, Skanska and other groups. Virginia hopes to sign a contract for the project by next May.
A consortium comprised of Macquarie Group and Swedish developer Skanska has agreed to contribute $318m in equity toward Virginia’s Midtown Tunnel project. The contract will have a 58-year term beginning at financial close, which is expected to occur by the end of the year.
California Democratic Senator Barbara Boxer, who chairs the Environment and Public Works Committee, has proposed a two-year, $109bn transport bill to replace current legislation expiring on 30 September, while House Republicans led by John Mica (right) are suggesting a six-year, $230bn plan.
The fund will focus on investments in late-stage solar projects in North America. All of the fund’s investors are publicly listed companies. CleanPath has already made investments worth about $10m.
EnCap's $792m energy infrastructure fund will commit $100m in equity to US Infrastructure Holdings, a Texas-based company focused on acquiring assets in shale gas developments across the US.
The project, which involves the construction of a 772-bed hospital in downtown Montreal, has reached financial close, marking the largest-ever bond offering for a Canadian PPP.

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