The payment will reimburse the Spanish toll road developer for post-award bid costs related to the procurement of the $5bn State Highway 121 project in North Central Texas. The US Department of Transportation has previously argued that Texas' procurement process for the project violated federal law.
3 min read · 08 February 2013
The state’s department of transportation will not reach commercial close on the project this month due to local concerns and challenging credit market conditions. The project is to be 100% financed by a concessionaire that includes Sydney toll road developer Transurban and US engineering firm Fluor.
2 min read · 08 February 2013
New regulations proposed by the White House could force a significant number of 'foreign advisers' to register with the SEC, depending on their assets and number of clients in the US.
3 min read · 08 February 2013
Former Istithmar managing director Richard Johnson has resigned from his post as the chief executive officer of a jointly managed real estate fund by his old employer and current employer Standard Chartered.
2 min read · 08 February 2013
CD&R and One Equity Partners have become the latest private equity firms to dip their toes in the public markets.
2 min read · 08 February 2013
The Chinese Sovereign Wealth fund has reportedly shortlisted nine fund managers taking part in the US Public-Private Investment Plan.
2 min read · 08 February 2013
Private equity firms invested $301m in India’s renewable energy sector last year, a ten-fold increase from 2006. The numbers are expected to keep climbing.
2 min read · 08 February 2013
Less than two weeks after buying a Maltese bank, the FIG-focused firm has inked a deal for the invoice financing division of debt-laden subprime lender Cattles.
2 min read · 08 February 2013
A new KPMG survey of private sector infrastructure practitioners has identified government effectiveness as the top challenge in addressing infrastructure development needs.
2 min read · 08 February 2013
The McLean, Virginia-based firm said it was ceasing its investment activities in Latin America owing to market conditions. It is working with investors to wind down the regional platform.
2 min read · 08 February 2013
