Agreement announced to sell 50% stake in Italo
Global Infrastructure Partners (GIP), through its third infrastructure fund (GIP III), announced that it has entered into a binding agreement to sell a stake of approximately 50% in Nuovo Trasporto Viaggiatori S.p.A (Italo) to Mediterranean Shipping Company (MSC) in Italy.
Italo, a top European private high-speed rail operator, will now be co-owned by Global Infrastructure Partners (GIP) and MSC Mediterranean Shipping Company (MSC). GIP specializes in infrastructure investments, while MSC, with a fleet of 760 vessels, operates globally and offers comprehensive logistics services. Italo, established in 2012, connects 51 cities in Italy, serving over 20 million passengers annually with its fleet of 51 energy-efficient electric trains.
Country updates
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October 09, 2023
Financing approved for New Hanover County owned block development in downtown Wilmington
Local Government Commission has approved New Hanover County’s financial proposal for debt issuance of US$57 million to fund the construction of a purpose-built, Public Library and Cape Fear...
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October 09, 2023
Harrison Street Acquired Student Housing Building at University of Arkansas
Harrison Street has announced the acquisition of The Vue, a 180-unit, 656-bed student housing building at the University of Arkansas. The Vue, located south of the University, offers spacious two-bed...
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September 29, 2023
Responses received for Civic Center Revitalization PPP Project in California
The City of Garden Grove has received submissions from 6 teams in response to the RFQ for its planned PPP for the Civic Center Revitalization Project in California, USA. The Project consists of:...
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September 28, 2023
Project awarded for new visitor center at Everglades National Park in Florida
The U.S. National Park Service (NPS) has awarded a subsidiary of California-based Tutor Perini Corp. a US$47 million contract for a new visitor center project at Everglades National Park in Florida....
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September 28, 2023
USD202 Million Grant Received for solar-powered high-speed rail project in California
The US Department of Transportation has given a grant of nearly US$202 million to an ongoing solar-powered high-speed rail project in California. The funding will support the construct...
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