The Midway Investment and Development Corporation (”MIDCo”), comprised of Citi Infrastructure Investors, Vancouver Airport Services (YVRAS) and John Hancock Life Insurance Company just announced that it has won a $2.5 billion, 99-year lease contract to operate and develop the first privatized major airport in the U.S. - Chicago Midway Airport. “This contract marks a milestone [...]
Infrastructure spending around the world is soaring as nations scramble to rebuild decaying roads, bridges, ports, airports and utilities. Meanwhile, a number of developing nations are adding new infrastructure. Right now, a growing number of global investors are seeking to capitalize on the trend and the diversification that investing in infrastructure offers.
Looking ahead, interest and [...]
Rapidly Increasing Number of Executive Positions in Burgeoning Asset Class
Great Neck, NY, September 19, 2008 –
A.E. Feldman Associates, Inc., a leading executive search and consulting firm, today announced the expansion of its website, reflecting its rapidly expanding practice area of Project & Infrastructure Finance.
“Interest and investment in project and infrastructure finance is skyrocketing as politicians [...]
The federal government rejected a call to impose tolls on Interstate 80 in Pennsylvania, according to the AP. The decision will force the Pennsylvania Turnpike Commission to continue making payments to the state for transportation needs. It also means the asset is more likely to fall into private hands. A consortium led by Spanish infrastructure [...]
Pension funds are eyeing U.S. infrastructure assets as an investment opportunity. Most recently, the California Public Employees Retirement System has adopted an investment policy to guide its infrastructure investments, which may include transportation, ports, energy, water and communications projects, according to Money Management Letter. The new policy will see CalPERS commit up to 3% of [...]
The Pennsylvania Turnpike Commission this month issued an announcement inviting companies interested in learning more about potential partnerships to convene for a meeting. The commission is currently considering public-private partnerships (PPPs or P3s) to finance, design, construct, operate and maintain projects along the Mon-Fayette Expressway and Southern Beltway toll highways near Pittsburgh. The Commission says [...]
Presidential hopefuls, Barack Obama and John McCain, have starkly different plans on how to reverse the year-long slide in workers’ incomes, reports Money.com. The report notes that Democratic contender, Barack Obama’s proposals of creating jobs through government investments (such as a $150 billion investment in clean energy projects and infrastructure projects he says will create [...]
Research recently released by the U.S. Department of Transportation (DOT) shows that, since last November, Americans facing rising gasoline prices, have driven 53.2 billion less miles than they did versus the same period a year earlier - topping the 1970s’ total decline of 49.3 billion miles. This marks the eighth month of steady decline. The [...]
When it comes to infrastructure, states are putting off today what they can do tomorrow. That’s according to an AP review of repairs on each state’s 20 most-traveled bridges with structural deficiencies. The study found that just 12% of those structurally deficient bridges (which are not in imminent danger of collapse) have actually been fixed. [...]
Investors around the world are turning to infrastructure to add stability and security to their portfolios. Infrastructure is considered by most investors to be long-term, inflation proof, and run contrary to business cycles. So, despite offering lower growth than traditional private equity deals, infrastructure assets are attractive due to their stable cash flow. Right now, [...]
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