Infrastructure Investment
Connor, Clark & Lunn to boost renewable energy with Alberta wind farm investment
TL/DR - Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has agreed to acquire an 80% stake in the Sharp Hills wind farm from EDP Renewables Canada for about C$0.6 billion ($474 million), boosting its wind generation assets to more than 600 MW. The Sharp Hills facility, one of Canada's largest onshore wind farms with around […]
Beacon Hospital to be Acquired by Macquarie Asset Management
TL/DR - Macquarie Asset Management is set to acquire Beacon Hospital in Dublin through its Macquarie European Infrastructure Fund 7. The hospital, which serves over 200,000 patients annually, has experienced significant growth in the past decade due to major investment by the current shareholders. After the completion of the acquisition, expected by the end of […]
Capital Budget Politicization Jeopardizes Infrastructure and Economy
TL/DR - Capital budgets, once managed by technical experts, are becoming increasingly politicized, which is leading to significant consequences, especially for infrastructure investment. As operating budgets become inflexible due to fixed costs such as retiree pensions, politicians are often driven to use capital budgets to fund healthcare and education initiatives. This politization and short-term focus […]
US Infrastructure Investment
TL/DR - The Bipartisan Infrastructure Law (BIL) signed by President Biden in November 2021 allocated $1.2 trillion for transportation, energy, and climate infrastructure in the US. Significant funding has been directed towards water projects, broadband expansion, clean energy projects, and transportation, with most of the money being distributed through state, local governments, tribal nations, and […]
PLAs and CWAs Support Infrastructure Investment
TL/DR - The Biden administration's infrastructure laws, including the Infrastructure Investment and Jobs Act (IIJA), the CHIPS and Science Act, and the Inflation Reduction Act, promise to boost the economy, create numerous high-quality jobs, and invest billions in the country's infrastructure. The administration is encouraging the use of Project Labor Agreements (PLAs) and Community Workforce […]
Three Unions (IBEW, IUOE, LIUNA) Sign Historic Solar Agreement
TL/DR - The leaders of the International Brotherhood of Electrical Workers, Laborers International Union of North America, and International Union of Operating Engineers have signed a national tri-trade solar agreement aiding the construction of utility-scale solar projects. The agreement streamlines the process for bringing such projects onto the grid, and outlines each union's responsibilities, thus […]
Construction Jobs Rise Post Two-Year Infrastructure Law
TL/DR - The Bipartisan Infrastructure Law, signed by President Biden two years ago, has led to significant investments in various sectors, including transportation infrastructure, electric grid modernization, high-speed internet access, pollution clean-up, and clean energy economy build-up. The law has already supported hundreds of thousands of jobs, predominantly in construction and manufacturing, with the construction […]
Moulton Discusses Immigration, Infrastructure, Foreign Policy
TL/DR - U.S. Representative Seth Moulton expressed the need for immigration reform, infrastructure investment, and praised the Biden administration's efforts during a forum attended by local business leaders. He emphasized the necessity of securing the border and reforming pathways to citizenship, and criticized the insufficient past investment in infrastructure, especially in schools. Moulton also addressed […]
TPG Appoints Scott Lebovitz for Infrastructure Investments
TL/DR - Goldman Sachs' Scott Lebovitz, a partner and global co-head of infrastructure, is set to join TPG Inc. as a partner later this year. Lebovitz will lead the development of TPG's Rise Climate transition infrastructure business, a new initiative targeting investments in decarbonization-related infrastructure and real assets. TPG Rise Climate is part of the […]
$47M Investment Enables 3,000+ New Affordable Housing Units
TL/DR - The Washington State Department of Commerce has announced $47 million in funding for infrastructure improvements to support 43 construction projects, which will provide over 3,000 units of affordable housing across the state. The state is projected to require 1.1 million new housing units over the next 20 years, and these grants aim to […]
