This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
The Port Authority of New York and New Jersey has granted to Delta Air Lines Inc. and a Goldman Sachs-managed fund, a 33-year lease contract for the design, construction and financing of a new 37-gate terminal at LaGuardia Airport.
Delta and West Street Infrastructure Partners III (managed by Goldman Sachs), are contributing US$300 million in equity and US$3.6 billion in debt financing. According to sources, the debt will likely be issued through bonds. The whole project budget is estimated at certain US$4 billion.
In July 2016, the Port Authority contributed with US$600 million financing for the construction of the facility and surrounding the structures.
This project is on top of LaGuardia Central Terminal B Redevelopment Project, which reached the financial closure in early June 2016.
As we reported in June 2015, LaGuardia Gateway Partners (LGP) consortium is in charge of the design, operation, financing and maintenance of the project under a P3 contract with a lease term through 2050.
The Environment Court has given green light for the Auckland's SkyPath cycleway and walkway PPP, clearing the path to finally undertake the project development.
Read moreThe Arizona Department of Transportation is seeking proposals from qualified firms for external legal advisory services on Public Private Partnership (P3) related projects.
Read moreThe African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
Read moreGlobalvia has announced that it has completed the purchase of the Pocahontas Parkway, its first US concession, from a group of investors led by Macquarie.
Read moreOhio University has announced it has released a Request for Proposals for public-private partnership development opportunities at The Ridges in Athens, Ohio (US).
Read more