Goldman Sachs Group Inc. and Empresas ICA SAB raised 6.55 billion pesos ($478 million) by selling a 32 percent stake in a group of toll highways to investors through a trust fund. The proceeds will be used to pay debt at Red de Carreteras de Occidente, a toll highway holding company known as RCO, ICA said today in an e-mailed statement. Goldman and ICA also will add capital of 2 billion pesos to RCO. After the transactions, Goldman will own about 55 percent of RCO, down from 80 percent, and ICA will own about 14 percent, down from 20 percent. Join discussion...

It’s no secret Virginia has an economic gem on its Eastern Seaboard. Blessed with a naturally deep harbor, the Port of Virginia has emerged as one of the leading ports on the East Coast. So it shouldn’t be a surprise that private businesses took notice of one of Virginia’s most lucrative assets. Privatization of Virginia’s port operations has been brought up before. But this year the issue moved to the forefront after Illinois-based CenterPoint Properties Trust made an unsolicited $3.5 billion offer in March. Since then, two other bidders have come calling: The Carlyle Group and a partnership involving Carrix Inc. and Goldman Sachs. Join discussion...

In contrast to the original Farac II package, which failed to attract much interest at an auction early in March, the new one will be split into two. Join discussion...

The Greenville Southern Connector in South Carolina is getting an investment grade traffic and revenue study, and meanwhile the procurement of a concession is on hold. Peter Femia, general manager of the Connector 2000 Association a not-for-profit which operates the tollroad under a 50 year license from the state told us their financial advisers Goldman Sachs recommended the T&R study and other measures before the association pressed forward with the private concession. Join discussion...