Financial close for Transit Stations Bundle Rehabilitation PPP in New York
ASTM North America-led consortium has reached financial close on a US$754.4 million project to upgrade Metropolitan Transportation Authority’s (MTA) subway station accessibility in New York.
JPMorgan Chase Bank purchased the short-term taxable bonds directly, while Citigroup and other banks acted as underwriters for the long-term revenue bonds. The additional underwriters were National Bank of Canada Financial, JP Morgan Securities, Loop Capital Markets, Siebert Williams Shank & Co, and Ramirez & Co. The issuer of the bonds is the New York Transportation Development Corporation, and the borrower is the consortium Elevated Accessibility Enhancements. The team includes equity partner ASTM and construction company Halmar International.
Country updates
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May 12, 2023
Tender issued for Human Services Building PPP project in USA
Person County Administration has launched a Request for Qualification (RFQ) for the development of a new building for the Social Services and Health Department in North Carolina, USA....
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May 11, 2023
Ridgewood Infrastructure and Savage to acquire Dupuy Group
Ridgewood Infrastructure and Savage, through their Transportation Infrastructure Partners joint venture, have announced the acquisition of The Dupuy Group. The Dupuy Group is a provider of near-port...
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May 09, 2023
Contract awarded for Borough-Based Jails System, Brooklyn Facility in New York
Tutor Perini Corporation announced that it has been awarded a contract by the New York City Department of Design and Construction (DDC) valued at approximately US$2.95 billion for the Design-Buil...
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May 09, 2023
Electrical component Subcontract awarded for New Hospital Tower in South Florida
Tutor Perini Corporation has announced that its subsidiary, Fisk Electric Company, has been awarded a subcontract valued at approximately US$41 million by Robins & Morton, the project’s gene...
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May 05, 2023
Formation of Apollo Clean Transition Capital Fund Announced
Apollo has announced the formation of Apollo Clean Transition Capital (ACT Capital), an investment strategy that intends to redefine the capital market for climate solutions. ACT Capital ca...
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