Oct 29, 2020
Meridiam successfully achieves financial close for final section of A465 road in Wales
Meridiam has successfully completed the financial closing of the last section of the A465 road in South East Wales. Meridiam and its partner FCC, a leading player in environmental services, water and infrastructure development, won this 30-year concession contract in June 2020. The project valued at more than 500 million euros is the first one procured by Welsh Government under the Mutual Investment Model (MIM) framework, a new Public Private Partnership model. MIM schemes have been developed to provide and support more than £1 billion of social and economic infrastructure projects in Wales and help improve the public services of the country.
Oct 26, 2020
Meridiam becomes the majority shareholder of Voltalis, the European leader in Demand Response for residential and commercial end-users
• Voltalis: an innovative solution at the heart of the energy transition that benefits both small electricity consumers and the power system,
• A renewed ambition: 1 million homes operated by 2024 in Europe and beyond, with 500,000 in France alone.
• More services to be offered to the participants, including batteries, electric vehicles and solar self-consumption.
Oct 22, 2020
Meridiam won a contract to develop the Miami Beach Monorail project
Miami Beach Monorail Consortium led by Meridiam was just awarded a contract to develop a sustainable and mass-public transit link between downtown Miami and the city of Miami beach.
This 5.6 km (3.5 mile) innovated elevated monorail will enhance Miami-Dade County’s standing as a smart city. It will provide a resilient, safe and constant connection between downtown Miami and the city of Miami Beach and will serve as a vital link between the two cities in preparedness of both rising sea levels and the threat of storm surge during hurricanes.
Oct 6, 2020
First public private training program for African infrastructure public sector commences
Today the Global Infrastructure Hub (GI Hub) and Meridiam announced the commencement of training for the first cohort of fellows of the Africa Infrastructure Fellowship Program (AIFP), a public-private initiative designed to upskill African government infrastructure specialists and enable them to facilitate increased investment in a pipeline of new sustainable infrastructure developments.
Oct 1, 2020
Meridiam and Vinci sign the concession contract for the Nairobi - Nakuru - Mau Summit Highway in Africa
Meridiam, Vinci Concessions and The Republic of Kenya signed a concession contract for the development and construction of the Nairobi - Nakuru - Mau Summit highway on September 30,2020 in the presence of Emmanuel Macron, President of the French Republic, and Uhuru Kenyatta, President of the Republic of Kenya. This 1.3 billion euro project, which is a 50/50 partnership with Vinci Concessions, is one of the largest Public Private Partnership projects in East Africa. It calls for the design, financing, widening and renovation work, operation and maintenance of the new 175-km highway for 30 years.
Sep 25, 2020
Successful refinancing of LBJ Express, a USD 2.6 billion highway project in USA
Meridiam completed the refinancing of LBJ Express (LBJ), a $2.6 billion highway reconstruction project, located in Dallas County, Texas, in the USA. This refinancing will significantly reduce the costs of the 52-year concession, which has been fully operational for five years, and leaves the project with a more robust financial structure. Even during the current health crisis, the sustainable performance of this managed lanes project in North Dallas and the favorable terms of the bond market made the refinancing possible. The refinancing consists of the issuance of tax-exempt bonds (PABs), for total proceeds of $615M, to replace those issued in 2010 as part of the original financing of the project.