Infrastructure Development & Management Strategies

CenterPoint Properties, a real-estate development firm based near Chicago, submitted an unsolicited proposal this week to Virginia’s Secretary of Transportation Pierce Homer, offering to assume operating rights to the state’s four port facilities in exchange for an equivalent $3.5 billion in today’s dollars.  The amount would be paid out over the term of the 60-year [...]

Florida’s I-595 PPP reached financial close yesterday with a reported combination of $780M debt, $665M TIFIA loans, and $190M equity.  The accomplishment is a remarkable feat in the current economic climate, especially in light of last week’s collapse of financing arrangements for British Columbia’s $2.5B Port Mann PPP, forcing that project to revert to a [...]