MDOT to take over Purple Line PPP if negotiations fail
The Maryland Department of Transportation (MDOT) has stated it will take over the Purple line LRT project if negotiations with the PPP partner Purple Line Transit Partners (PLTP- a consortium of Meridiam, Star America, and Fluor) fail to reach conclusion. The US$ 2 billion project has suffered cost overruns of US$ 519 million, which were claimed by the PLTP. The claims are being negotiated.
The PLTP has started to demobilize the project by terminating subcontractors and suppliers from July 22, 2020. The state informed the bondholders on August 04, 2020, that it might take over the project. The authority and contractor have met several times during the last few months to resolve the issue.
Country updates
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August 05, 2020
Kayne Anderson Capital Advisors launches renewable energy infrastructure fund
Kayne Anderson Capital Advisors LP has launched an open-ended mutual fund that seeks to invest in renewable energy infrastructure sectors. The Kayne Anderson Renewable Infrastructure Fund,...
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August 04, 2020
World Bank launches consultancy tender on private capital for road safety study
The World Bank Group has launched a project to support the identification and operationalization of business models through which private investment can be channeled into road safety projects (the Pro...
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August 03, 2020
Antin Infrastructure Partners closes fourth fund with EUR6.5 hard cap
Antin Infrastructure Partners has closed its fourth and largest fund to date with EUR6.5 billion (US$762 billion) and has exceeded the original target of EUR5.5 billion (US$6.49 billion). ...
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July 27, 2020
World Bank launches consultancy tender for offshore wind financing study
The International Finance Corporation of the World Bank has launched a consultancy tender for interested firms to conduct a study on Offshore Wind Financing for Emerging Markets. The objective...
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July 27, 2020
Strategic Partners Infrastructure III Fund reaches final close
Strategic Partners, Blackstone’s secondary and fund solutions business, announced last week the final close on USD 3.75 billion for Strategic Partners Infrastructure III L.P. and its related com...
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