The switch from a vehicle fuel tax to a vehicle miles traveled tax would be complemented by a range of financing mechanisms like expansion of the TIFIA credit program and more support for PPPs, according to the National Surface Transportation Infrastructure Financing Commission’s final report to Congress.
3 min read · 05 January 2013
Draft legislation in circulation on Capitol Hill envisions a 'National Infrastructure Reinvestment Corporation' that would spur $48bn of infrastructure investment by providing grants, loans and tax incentives to select projects sponsored by public, private and non-profit entities.
3 min read · 05 January 2013
The proposed private equity fund will be managed by Prescient Fieldstone Investment Management and target final commitments of $500m. A first close is scheduled on $150m.
2 min read · 05 January 2013
African Energy Infrastructure Fund is now more than half-way toward its first close, which is expected in the middle of the year, and has already lined up its first deal in Ghana. In December 2008, it received a $30m equity commitment from the African Development Bank.
2 min read · 05 January 2013
Shareholders in the developer of a greenfield concession in Brisbane are obligated to make payments of A$1 per share next month. Watchdogs argue it should delay the payment given uncertainty about its major shareholders’ and underwriters’ intentions to fund the call.
2 min read · 05 January 2013
The New York Stock Exchange-listed Macquarie satellite will use cash accumulated from the dividend suspension to accelerate reduction of its $1.8bn debt burden. It may also seek bankruptcy protection for its heavily indebted airport parking business, which has seen revenues erode due to slower airline traffic.
2 min read · 05 January 2013
The world’s largest private manager of infrastructure assets said it will not buy further shares in its specialist listed funds. Macquarie shares hit a 10-year low amid speculation that the firm would have to raise capital amid mounting losses from investments in the funds.
2 min read · 05 January 2013
Co-investments in its funds and assets continued to drive the bulk of the write downs, which will total A$2bn for its current fiscal year. The firm expects its profit to halve compared with last year's record A$1.8bn result.
2 min read · 05 January 2013
The infrastructure heavyweight will scale down its business in response to a decline in deal flow and profitability.
2 min read · 05 January 2013
The reductions follow the 1,000 jobs that the Australian investment bank eliminated between September and January. Macquarie Capital Advisors lost the most staff, according to sources.
2 min read · 05 January 2013
