Cezary Podkul

A bid for a lease of the highway came in after the 4pm deadline on 18 May and was not accepted by the Florida Department of Transportation, according to a departmental spokesperson.

The listed infrastructure fund managed by Brookfield Asset Management will use the proceeds to fund investments and acquisitions and general corporate purposes.

The credit rating agency affirmed its ‘negative’ outlook for the sector but said that traffic is now decreasing at a slower pace than before and the sector holding up better than airports or container terminals.

Citadel Capital-backed gas distributor TAQA Arabia won a $165m contract in Libya to build a gas distribution network linking the country’s three major cities. In Algeria, Japan’s JGC and a joint venture between Swiss engineering firm ABB and Algerian oil and gas construction firm Sarpi won contracts totalling $1.6bn for gas gathering, metering and pipeline facilities.

A debate is dividing the infrastructure community as to whether the $2.5bn Midway Airport deal fell apart because of bad timing or poor decision-making. Cezary Podkul weighs up the arguments.

Bernard Sheahan is the man behind the IFC’s new Infrastructure Crisis Facility: a $10bn pot of money that could lend to your project or invest in your next infrastructure fund. Cezary Podkul asked him about his vision for the facility, how investors can get access to it, and why it is of such critical importance at the current time

Pennsylvania said the recession and credit crisis upended the bidding process, which will resume when financial market conditions improve. In the meanwhile, $25m of commonwealth funds will be used to make the project more attractive to the private sector.

After a busy month spent whizzing across New York from one industry gathering to the next, Cezary Podkul reports back with his Top 10 insights into the key trends in infrastructure

Four Democratic representatives have introduced a bill that would authorise the creation of an entity to fund infrastructure projects ‘of regional or national significance’. It would be funded with up to $250bn of federal dollars that would enable $625bn of lending capacity.

A bill recently passed in Arizona provides an example of how investors can help get the haulage industry on board for PPP enabling legislation in the US, writes Cezary Podkul.