Editorial News
TFI-News & LeighFisher UK Roads Investment Survey
18 May 2012UK, Roads
TFI-News and LeighFisher are conducting a joint market survey on the subject of UK road privatisation/ private sector investment in UK roads and highways. UK Prime Minister David Cameron recently instructed the Department for Transport and HM Treasury to carry out a feasibility study of new ownership and financing models for the national roads system in order to examine ways of attracting private sector investment and help modernise the British road network.
This survey is intended to offer a snapshot of the infrastructure investment community’s appetite to invest in UK roads, how best to create an environment conducive to investing in UK roads and gauge on what basis private sector investors are most keen to invest.
To participate in the survey which will take approximately five minutes to complete click here by 25th May.
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TFI-News Launches Infra-Finance Online Recruitment Platform
17 May 2012On the Move
TFI-News is launching an online infrastructure recruitment platform at TFI-News.com for mid-level and junior positions. The service will allow infrastructure firms to advertise their positions for junior and mid-management at an affordable, fixed fee which will be viewed by the website's global audience of infrastructure professionals and included in the weekly email distributed globally to over 12,500 infrastructure finance professionals.
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Reason Foundation Publishes Privatization Review - Transport
16 May 2012USA, Roads
The Reason Foundation has published its Annual Privatization Report 2011 which includes a detailed overview of the latest on toll roads, HOT lanes and other news on privatization and public-private partnerships in surface transportation.
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Christopher Burke Joins Cofiroute USA from SANDAG
10 May 2012USA, HOT/ Managed Lanes, On the Move
Cofiroute USA, which first revolutionized the automation of toll roads in the United States with the 91 Express Lanes in Orange County, California, announced today the appointment of Christopher Burke as vice president of business development.
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SteelRiver Reaches Agreement to Acquire Patriot Rail Corp.
10 May 2012Infrastructure Funds, USA, Rail
SteelRiver Infrastructure Partners and Patriot Rail Corp. ("Patriot") have announced that SteelRiver has agreed to acquire 100% of the capital stock of Patriot through its dedicated infrastructure investment vehicle SteelRiver Infrastructure Fund North America LP.
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UK Public Accounts Committee Publishes PFI Report
02 May 2012UK, Govt
The UK Parliament Public Accounts Committee (PAC) has published its report on the role of equity in UK PFI deals. Key conclusions drawn by PAC include 'the excessively high returns being made by private investors in PFI projects are further evidence that the previous emphasis on using PFI is inappropriate for the future' and 'there is restricted access to data and insufficient transparency over the amounts the public sector pays for equity and the returns that investors make.'
The full report can be read here. Meanwhile the industry consultation period on developing a new private finance model has closed and HM Treasury is digesting industry input and comment.
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US Projects Lawyer Heads to Kaye Scholer
02 May 2012USA, On the Move
As part of Kaye Scholer’s strategy to develop a comprehensive, multidisciplinary Energy & Infrastructure industry group, the firm has hired Energy & Infrastructure Partner Joel Moser who was previously with law firm Bingham. “We are expanding our energy and infrastructure capabilities to better serve our growing roster of clients in this sector which will experience significant growth over the next decade,” said Mike Solow, Kaye Scholer’s Managing Partner. “Bringing on Joel is a key first step in enhancing our current offerings for owners, developers, investors and underwriters of oil & gas, nuclear, renewables, and electricity projects to provide clients with a full array of energy and infrastructure-related legal services and guidance both in the US and internationally.”
