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Banks selected for Passante di Mestre bond financing

State-owned highways manager ANAS has selected one of two competing groups of banks to arrange the €800 million ($1.1 billion) bond financing for the Passante di Mestre toll road in Italy's Veneto region

AfDB looks to close $60m Kazungula Bridge financing gap

The African Development Bank (AfDB) has said that it will work with the governments of Botswana and Zambia to try and close a $60 million funding gap for the Kazungula Bridge project

South Korean military invests in Hastings' TIF fund

South Korea’s military welfare fund has invested $43 million in Hastings Funds Management's The Infrastructure Fund (TIF) to become the Australian fund’s first offshore investor.

Nepal's PPP law on ice

Nepal’s introduction of a PPP law has stalled while the country negotiates electricity import and export tariffs with neighbor India it is understood

Alinda, USS to acquire Virginia port terminal

US fund manager Alinda Capital Partners and UK pension fund Universities Superannuation Scheme will together acquire APM Terminals Virginia, which owns Virginia’s Portsmouth container terminal

Preferred bidder for A9 Gaasperdammerweg

Rijkswaterstaat has provisionally appointed the IXAS Zuid-Oost consortium as preferred bidder for the €750 million ($1 billion) A9 Gaasperdammerweg highway PPP

EIB project bond and loan guarantee proposed for A45 toll

The European Investment Bank (EIB) is appraising using two lending support initiatives for the €1.56 billion ($2.1 billion) A45 Lyon/Saint-Etienne real toll road project in France

Saskatoon issues RFQ for North Commuter Parkway PPP

The City of Saskatoon has issued a request for qualifications (RFQ) for the C$253 million ($235 million) North Commuter Parkway and Traffic Bridge Replacement PPP project in Saskatchewan, Canada

BRICS unveil New Development Bank (NDB)

The BRICS nations – Brazil, Russia, India, China and South Africa – have unveiled the New Development Bank (NDB) which will mobilise resources for infrastructure and sustainable development projects

DIF third infra fund 40% invested

Netherlands-based fund manager DIF’s third infrastructure fund is 40% invested and there are no immediate plans to fundraise for a fourth fund, the company told IJGlobal.

ICA places Ps3.8bn toll road bond

Mexican construction firm ICA has placed a Ps3.8 billion ($293m) project bond to refinance debt for its La Piedad bypass toll road and Rio Verde – Ciudad Valles hybrid PPP/toll highway

FWO approaches banks on M-9

Frontier Works Organization (FWO) has started informal talks with a number of banks to finance the recently awarded M-9 toll road project

Canada Pension Plan buys stake in Belgium’s Interparking

The Canada Pension Plan Investment Board (CPPIB) has announced that it signed an agreement to invest approximately €376 million ($507 million) of equity for a 39% stake in Interparking, one of Europe’s largest car park management companies

Georgia launches new deep sea port tender

The government of Georgia has begun the tender for the new Anaklia Deep Sea Port, with a call for expressions of interest

TxDOT shortlists five on SH 360 corridor

The Texas Department of Transportation (TxDOT) has shortlisted five teams for the estimated $200 million State Highway 360 (SH 360) corridor improvement project