Highly geared assets are just one liability in the infrastructure space. Plagued by failed public private partnerships (PPPs), governance issues and the pressures of being overladen with debt, the infrastructure sector is in need of serious reappraisal as an investment. Quite simply, investors are often left wondering if it is a good long-term venture. Join discussion...

Sources say only two groups now have any chance of booking in for a revamped £50m PFI library deal in Liverpool. The scheme, involving the rebuild of the city's historic Central Library, will now be contested by Inspire Partnership (Shepherd/Babcock & Brown) and Information Resources (Kier/Land Securities Trillium). Join discussion...

THE wind-down of Babcock & Brown's assets continued with the sale of its stake in an unlisted North American infrastructure fund and the management rights it had over the business. The B&B management team that ran the fund will move to the new operators, John Hancock Life Insurance, who backed what was in effect a buy-out of the existing arrangement. Join discussion...

The state of Florida is backing out of the $1.7 billion Port of Miami tunnel project, said Gus Pego, the Florida Department of Transportation’s (FDOT) regional secretary in charge of the project. Join discussion...

The $950m Port of Miami Tunnel project has collapsed because the chosen concessionaire Babcock & Brown can't raise the capital to close on the deal. Florida DOT's Miami district secretary Gus Pego is quoted in a stratement as saying the private partners "have been overwhelmed by the effects of the financial market (crisis) making delivery (of the tunnel project) unworkable." Join discussion...