Transportation & Infrastructure

US private equity firm KKR will acquire agriculture infrastructure firm ProTen from superfund Aware Super, in a deal valued at around $1.3 billion.

Downer EDI has sold its 49 per cent stake in a bus and light rail joint venture with French public transport operator Keolis for $132 million.

A defunct sand importer has told a court that it was "strung along" by the Port of Authority of NSW over an agreement to build a multi-user facility in Glebe Island, alleging the government-owned corporation is liable for $300 million in damages for unconscionable conduct. 

Real estate asset manager Dexus will cover the legal costs of shareholders whose stake in Australia Pacific Airports Corporation hangs in the balance, as it reveals a $55 million book value increase.

The engineers that provided design services for Victoria’s West Gate tunnel project have sued software provider Midas, alleging it used the wrong formula to calculate stiffness in bridge designs. 

The NSW Independent Commission Against Corruption will conduct public hearings next month as part of its investigation in whether Transport for NSW employees awarded contracts to certain suppliers in exchange for benefits.

Major water infrastructure projects in Victoria have secured a $40.6 million boost from a new state and federal funding partnership.

CityLink operator CML, which was found to have overcharged Eastlink operator ConnectEast, has argued that it also overpaid and is entitled to damages, but ConnectEast has told a judge the claim is time-barred and doesn't fall within a cross-claim exception. 

Rail operator Aurizon has secured agreements with BHP to provide logistics for the mining giant's South Australia copper operations over the next 15 years, estimating total revenues of $1.5 billion.

The NSW government has announced an additional $835 million investment in Western Sydney's Aerotropolis, which the government expects will become a "thriving economic centre" with its proximity to the city's new airport.