Chris Glynn

A consortium involving APG and PGGM shelled out $277m for a chunk of LBC from infrastructure fund Challenger. The deal will close in the summer.

In the US infrastructure market, procurement risk is the most common, and most fatal, form of risk. Chris Glynn explains why.

A financing method dating back to Thatcher-era economic reform, the availability payment model is finally coming of age in the US. But it’s not a solution for a fundamental lack of money.

With some US Midwest states apparently keen on privatisation, Kansas has remained an anomaly: doggedly self-sufficient, eschewing PPPs, and relying instead on a disciplined state budget and handful of federal money.

James Jenkins, who has worked for Lehman Brothers and Credit Suisse, has joined Global Infrastructure Partners as a managing director in charge of investor relations. He will help shore up GIP’s second infrastructure fund.

The Canada Pension Plan Investment Board is now the biggest pension fund in Canada with C$161bn. Its infrastructure investment paid off handsomely, returning 12.8%.

Canada Pension Plan Investment Board head David Denison credited the asset class for growing the pension fund system in Canada. He also advised consolidation amongst the UK pension system.

Capstone will pay off debt using cash generated from its sale of 20% of Bristol Water. The UK water utility marked the first-ever non-energy Capstone investment.

John Fenton, who took over Metrolink after a deadly 2008 collision, has been appointed boss of SteelRiver-owned Patriot Rail. Fenton has private sector experience. SteelRiver bought 100% of Patriot Tuesday.

A mandate to operate Luis Munoz International Airport is now a race between Highstar Capital and Macquarie Group. Meanwhile, the PPPA has extended its deadline to bid on its maiden social infrastructure project.