PUBLIC PRIVATE PARTNERSHIP NEWS AGGREGATOR: roads - Upcoming stories

China Builder Files for $7.3 Billion I.P.O. China

anxora — Mon, 30 Nov 2009 21:00:19 GMT

In what would be the world’s largest initial public offering in more than a year, China State Construction Engineering Corporation plans to raise as much as 50.2 billion yuan ($7.3 billion), Bloomberg News reports.

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Atlantia eyes acquisition opportunities abroad. Italy

anxora — Mon, 30 Nov 2009 21:00:19 GMT

Italian motorway operator Atlantia (ATL.MI) continues to look for acquisition opportunities abroad despite turmoil in the markets, CEO Giovanni Castellucci said on Thursday.

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Harel joins in financing Carmel tunnels. Israel

anxora — Mon, 30 Nov 2009 21:00:19 GMT

Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) is expanding its activity in infrastructures. Sources inform ''Globes'' that the company will likely provide Carmel tunnels franchisee Carmelton with a NIS 120 million loan.

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French low ceiling tunnelways of Duplex A86 comfortable to drive, France

anxora — Mon, 30 Nov 2009 21:00:19 GMT

Ever since they were first proposed by French toller Cofiroute some (including us) have worried that their low overhead tunnelways (2.57m, 8.4ft, 101 inches) would seem claustrophic and deter customers. The low height is key to the economy of having two levels of roadway and both directions of traffic in the one tunnel tube, and to making the A86 tunnelway project financeable with tolls.

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Concessionaire blames Serbian government. Serbia

anxora — Mon, 30 Nov 2009 21:00:19 GMT

The concessionaire stated that most of the concession agreement for the highway took effect right after the signing of the contract, and that this company completed a set of obligations, such as securing a bank guarantee and covering the government's expropriation expenses.

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Toll Road Values Plunge. MACQUARIE

anxora — Mon, 30 Nov 2009 21:00:19 GMT

One of the world's largest toll road operators admitted for the first time a fundamental weakness in the public-private partnership model it championed. Australia's Macquarie Bank yesterday admitted the toll road portfolio of the company's infrastructure group is worth 25 percent less today than it was worth as recently as July. Macquarie runs the the South Bay Expressway in California, the Dulles Greenway in Virginia, the Chicago Skyway in Illinois and the Indiana Toll Road in addition to a number of other toll roads in Europe and Australia.

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Highway concessioner opts out of contract. SERBIA

anxora — Mon, 30 Nov 2009 21:00:19 GMT

A joint Alpine Porr company set up to build the Horgoš-Požega highway has decided to cancel the contract it signed with Serbia. The North-South Highway company said that mediation in the case has started after talks on the subject failed to produce a compromise solution.

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Skanska-co-owned GTC Gets New Loan For A1 Motorway. Poland

anxora — Mon, 30 Nov 2009 21:00:19 GMT

GTC is a special-purpose enterprise established for the construction of the motorway which is being carried out as public private partnership (PPP). GTC has been granted the Polish government's concession lasting until 2039. The company is a joint venture with Swedish Skanska Infrastructure Development AB as a major shareholder. Other shareholders are British John Laing Infrastructure Ltd., Polish NDI Autostrada Sp. z o.o., and South African Intertoll Infrastructure Developments BV

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The shareholders of Autostrada Wielkopolska (AW) are to soon welcome a new shareholder. Poland

anxora — Mon, 30 Nov 2009 21:00:19 GMT

The shareholders of Autostrada Wielkopolska (AW) are to soon welcome a new shareholder, as French fund Meridiam Infrastructure, connected to Credit Agricole and Aecom, plans to purchase a 10 percent stake in the venture from Scandinavian construction company NCC. "The final details are currently being discussed. The issue will be formally finalized before the end of the year

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Dig, tunnel, repeat. TURKEY.

anxora — Mon, 30 Nov 2009 21:00:19 GMT

The new tunnel will differ from the Maramaray tunnel in that it will take vehicles. The winner of the tender organized by the Transportation Ministry's Railroads, Ports and Airports Construction General Directorate, or DLH, was TKJV Ğ made up of the Turkish Yapı Merkezi and South Korean SKEC-Samwhan-Hanshin-Namkwang-Kukdong. The tender terms dictate that the project-financing model be a build-operate-transfer, or BOT.

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