Cezary Podkul

The head of North American infrastructure banking at Royal Bank of Scotland told delegates at a New York conference that they can expect deal sizes under $1.5bn in the current market but should not rule out larger transactions, which ‘still can get done’. The key is to enhance value for both parties to the transaction.

Mark Florian, who heads the energy-focused private equity firm’s infrastructure team, told attendees at the New York State Infrastructure Summit today that new forms of financing should be utilised for such a project to have real value.

The bill that will determine funding for much of the US’ surface transportation needs for the next six years has been delayed by the economic stimulus legislation but may go to the House as early as next month.

Principals from Carlyle, Macquarie, RREEF and Industry Funds Management gathered today cautioned that market will not develop across America’s ‘fifty little countries’ without strong leadership from the government in creating incentives for private investment in infrastructure.

The firm is in the process of creating a new unlisted fund that will focus on Mexican infrastructure opportunities. It will be housed within Macquarie Capital and staffed out of the firm’s newly opened Mexico City office.

France and Germany became founding members and first countries to commit capital to the multinational infrastructure development fund, which is ultimately targeting $10bn of capital that could enable $40bn of projects in emerging markets. Privately-funded projects will be eligible for IFC financing.

France and Germany became founding members and first countries to commit capital to the multinational infrastructure development fund, which is ultimately targeting $10bn of capital that could enable $40bn of projects in emerging markets. Privately-funded projects will be eligible for IFC financing.

Macquarie Infrastructure Company has 45 days to explain to the exchange how it plans to regain compliance with a minimum market capitalisation standard of $75m.

The president continued filling out the top echelon of the department by selecting Maryland Department of Transportation head John Porcari as deputy secretary.

The famous investment banker credited with saving New York City from bankruptcy in the 1970s is now an advocate for greater federal spending on infrastructure, including public school buildings, which he called ‘a disgrace’ during a Sunday television program on CNN.