Following nearly four years of procurement efforts, the Port of Miami Tunnel PPP reached financial close on October 15 after an extension of the October 1 deadline. The financing package included $341M senior debt from a consortium of ten banks, $341M federal TIFIA loans, and $80M equity from project sponsors Meridiam Infrastructure (90%) and Bouygues (10%). Join discussion...

TransJamaican Highway Limited has landed a US$70-million loan from the Inter-American Development Bank (IDB) as carry-on financing on the toll road network in Jamaica that the French company will own under concession for a generation. Join discussion...

Laing O’Rourke and Bouygues are set to go head to head for the £350 million Barking and Dagenham Building Schools for the Future contract. The two construction giants are both understood to have submitted pre-qualification questionnaires for the east London scheme. Join discussion...

With its October 1 deadline for financial close nearing, the Port of Miami Tunnel (POMT) procurement appears on track, with a ten-bank club having this week committed the necessary support for the anticipated $354M bank debt, supplementing a $354M TIFIA loan. Join discussion...

Led by Bouygues, Bombardier and Véolia, the consortium also includes Colas, local architects and financial partners such as AXA and Société Générale. Tram'Tiss was preferred to the rival Run Ram consortium led by Vinci, Alstom and Caisse des Depôts et Consignations. Join discussion...

Five teams are in the running to deliver Coventry City Council’s £355 million Buildings Schools for the Future programme. Aura Learning Communities – a partnership between Sir Robert McAlpine and Parsons Brinckerhof – BAM PPP, and Bouygues Partnership for Education and Community have all submitted pre-qualification questionnaires. Join discussion...

TransJamaica Highway Limited (TJH) has gone to the International Finance Corporation (IFC) to seek US$85 million ($7.6 billion) to finance 17-kilometre stretch of highway and retirement of existing debt. Yesterday, the IFC outlined in its outline of project information that TJH plans to use to funds to extend from the current highway terminus at Sandy Bay, west to Four Paths - a 17 kilometre stretch - and the refinancing of an existing medium-term facility that was put in place for the financing of Phase 1A of Highway 2000. Join discussion...

Miami-Dade Mayor Carlos Alvarez made it clear he wants quick action on the $1 billion Port of Miami tunnel project, one day after state officials scrapped the deal to build it. Join discussion...

The company has cited bidding costs, but this explanation has baffled officials within Essex County Council. Despite a request to work up designs for four sample schools, which was an increase from the original request for three designs, the additional design was a an extension to a brand new sample school. Join discussion...

SLOVAKIA, suffering from various impacts of the global economic downturn, sees public-private partnership (PPP) projects for highway construction as one of the tools to propel its slowing economy Join discussion...