Quanta Services signs agreement to sell stakes in Alberta PowerLine
Quanta Services has signed an agreement with Greystone Infrastructure Fund and IST3 Infrastruktur Global for the sale of its 20% stakes in Alberta PowerLine (APL) for CAD300 million (US$227.56 million) and the assumption of CAD1.4 billion (US$1.062 billion) in debt.
APL is a joint venture partnership of Canadian Utilities Limited (80%) and Quanta Services Inc. (20%). In 2014, it has been selected to design, build, own, and operate the Fort McMurray West 500-kV Transmission Project. The 508-km transmission line project runs from Wabamun, west of Edmonton to Fort McMurray. It was put into operation in March 2019.
Country updates
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June 27, 2019
Brookfield to acquire railroad operator Genesee & Wyoming
Brookfield Asset Management is a frontrunner to acquire railroad operator Genesee & Wyoming. Other interested companies in buying Genesee & Wyoming are Blackstone Group LP, Ston...
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June 27, 2019
Roberts Bank Terminal 2 development in Vancouver
The Vancouver Fraser Port Authority is assessing the best model of developing Roberts Bank Terminal 2. The Authority has proposed the Roberts Bank Terminal 2 project in Vancouver in 2015. The Aut...
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June 24, 2019
Plenary reaches financial close for Preservation center PPP
Library and Archives Canada (LAC) and the Plenary Properties Gatineau (PPG) consortium in Canada has recently closed a 33-year public-private partnership to design, build, finance, maintain and operat...
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June 21, 2019
Preferred bidder selected for a rail project in Canada
Infrastructure Ontario (IO) and Metrolinx in Canada announced Graham Commuter Rail Solutions (GCRS) as the preferred proponent to design, build and finance the Davenport Diamond Rail Grade Separation...
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June 21, 2019
Portland Investment Counsel invests in Brookfield fund
Portland Investment Counsel has announced its commitment to Brookfield Asset Management Inc. (BAM) with its investment to Brookfield's new fund, Brookfield Infrastructure Fund IV. Bro...
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