Latest news with #RequestforProposals
Iraqi News
09-07-2025
- Business
- Iraqi News
10 consortiums compete to renovate Baghdad International Airport
Baghdad ( – The Iraqi Ministry of Transport has selected ten foreign consortiums to participate in the renovation of Baghdad International Airport, utilizing a public-private partnership (PPP) model. The ministry confirmed in a statement that the Request for Proposals (RFP) has been issued, with final bids expected by September 2025, the state-run news agency (INA) reported. Under a deal reached in September 2023, the International Finance Corporation (IFC), a member of the World Bank Group, would serve as the Iraqi government's principal consultant for the renovation project. According to the deal, the IFC will serve as the main deal counselor to modernize Iraq's largest international airport and bring its amenities and security up to par with global norms. The chosen contractor would entirely fund the initiative, with no governmental contributions, through an investment of $400 million to $600 million. The initiative comprises the development of new passenger terminals with an initial capacity of nine million people per year, which may be expanded to 15 million, as well as the modernization of airfield, safety systems, and internal transportation networks. The project aligns with Iraq's 2030 Vision for Sustainable Development, which aims to involve the private sector, diversify the economy, and lessen the reliance on oil revenues.
Iraq Business
09-07-2025
- Business
- Iraq Business
Iraq Launches $400-600m Tender to Develop Baghdad Airport
By John Lee. Iraq's Ministry of Transport has announced details of its project to develop Baghdad International Airport (BIAP) through a public-private partnership (PPP), in cooperation with the International Finance Corporation (IFC), a member of the World Bank Group. In response to fiscal pressures and the government's strategy to diversify funding sources, Iraq signed a consultancy agreement with IFC in September 2023. The organisation is providing technical and legal support for the tender process, which includes preparing the investment opportunity brief, feasibility studies, and launching an international, transparent bidding process. The Iraqi government will retain full sovereign authority, and the project will not involve public funding, loans, or guarantees. The winning investor will be selected based on the highest annual revenue share offered to the Iraqi treasury and will fund the entire development, estimated at between $400 million and $600 million [approx. IQD 525-790 billion]. The investor will manage and develop the airport, build new terminals with an initial capacity of 9 million passengers (expandable to 15 million), modernise airfield infrastructure and systems, and improve salaries and training for airport employees. Ten international consortia have been prequalified from a pool of 14 applicants. The Request for Proposals (RFP) has been issued, with bids due by September 2025. The government will retain control over sovereign functions such as customs, immigration, air traffic control, security, and VIP facilities. The investor will manage terminal operations, logistics, ground handling, and commercial development of surrounding land. The IFC's consultancy fee is capped at $500,000 [approx. IQD 655 million], with no funds disbursed yet. The project is expected to generate at least 12,000 direct jobs and significantly increase the airport's economic returns. (Source: Ministry of Transport)
Yahoo
02-07-2025
- Business
- Yahoo
Massachusetts Division of Capital Asset Management & Maintenance Releases RFP for New Springfield Regional Justice Center
SPRINGFIELD, Mass., July 02, 2025 (GLOBE NEWSWIRE) -- Greystone Real Estate Advisory Group (GREA), serving as transaction advisor for the Massachusetts Division of Capital Asset Management & Maintenance (DCAMM), is pleased to announce a Request for Proposals (RFP) which provides an exceptional opportunity to design, build, and own a landmark facility anchored by a 40-year initial lease with the Commonwealth -- a new courthouse facility in Springfield, MA. The selected development partner will be responsible for providing a site and delivering a fully functional courthouse encompassing up to 330,000 usable square feet to accommodate judicial, administrative, detention, and court services. The initial lease term will span 40 years, with the potential for two 10-year extensions, for a total term of up to 60 years. 'DCAMM is pleased to announce the availability of the Request for Proposals as a major milestone in the Commonwealth's efforts to accelerate the delivery of a new modern regional justice center for Springfield and Hampden County,' said DCAMM Commissioner Adam Baacke. 'We look forward to a robust response from the development community that will ultimately yield a high-quality facility that also reflects important community priorities.' Development proposals must include: A suitable site within the city limits, preferably centrally located in Downtown Springfield, with strong civic identity and convenient public access Design that aligns with court operational needs and enhances community presence Plans to exceed the Commonwealth's sustainability benchmarks Demonstrated experience in delivering large-scale civic or justice-related infrastructure Financial and operational capacity to execute a project of this magnitude 'We are pleased to see this important project move into its next phase,' said Executive Office of the Trial Court Chief Justice Heidi Brieger and Court Administrator Thomas G. Ambrosino. 'This new courthouse will better serve our employees, court users, and the broader community.' In Greystone's role as transaction advisor to DCAMM for the Springfield Regional Justice Center project, services include opportunity marketing to achieve high visibility of this unique solicitation, proposal analysis, and transaction advisory services. Greystone's experience includes serving as the real estate and development advisor to numerous Commonwealth agencies, including the MBTA, MassDOT and DCAMM, in addition to numerous public institutions across the nation. For more information, please visit About the Greystone Real Estate Advisory GroupEstablished in 1999, the Greystone Real Estate Advisory Group, a division of Greystone Select Incorporated (Greystone), provides commercial real estate service to public, private, and not for profit clients. Its mission is to provide advisory services that maximize the value of existing real estate portfolios. Through its established partnership with public clients, Greystone Real Estate Advisory Group has become a national leader in the management of revenue-producing properties for public transportation agencies. The group has an established reputation in the marketplace as a results-oriented property asset management firm that routinely identifies new revenue sources from its client's existing portfolios. For more information, visit About the Division of Capital Asset Management and Maintenance The Division of Capital Asset Management and Maintenance (DCAMM) works with state agencies to create and manage forward-thinking, sustainable buildings to meet the needs of the people they serve. DCAMM partners with fellow agencies to help them meet their strategic needs with fiscally responsible building and real estate solutions. CONTACT:Dennis while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Chicago Tribune
02-07-2025
- Business
- Chicago Tribune
Valparaiso Parks begins to ‘transform' 16-acre former McGill factory site
The Valparaiso Parks Department has entered a partnership with Sports Facilities Companies of Clearwater, Florida, for the projected $20 million redevelopment of the former McGill factory at 909 N. Lafayette St. near the heart of downtown Valparaiso. After 116 years in operation and founded by James McGill, McGill Manufacturing ceased operations in 2021. For more than a century, the factory lines assembled and produced a variety of components and specialized in providing the switches and wiring needed for appliances ranging from washers to power tools, with shifts working around the clock. Director of Valpo Parks Kevin Nuppnau said the project 'marks a significant step forward in bringing a comprehensive indoor recreation and enrichment campus to the Valparaiso community.' The expansive structure and its surrounding parking lots had fallen into an untidy appearance of weeds, peeling paint and visible graffiti on the exterior in recent years. The Valparaiso Redevelopment Commission purchased the property earlier this spring for $2.5 million. The Valparaiso Parks Department envisions transforming the 16-acre site, including its expansive 225,000-square-foot industrial building, into a year-round recreation hub for programming and activities. The temporary project name is the Valpo Recreation and Enrichment Campus (Valpo REC), billed as 'a multi-faceted facility for diverse programming and dedicated spaces for sports, community events, rental opportunities, and various educational activities for residents and visitors.' Sports Facilities Companies will serve in the capacity as 'owner's representative,' which Nuppnau explains 'provides crucial oversight and expertise throughout the project, ensuring efficient planning, design and construction. 'The immediate next step in this process will be for Valpo Parks and SFC to issue a Request for Proposals for a qualified design-build firm, which our team intends to issue the RFP by mid-July,' Nuppnau said. 'This partnership with Sports Facilities Companies is a testament to our commitment to delivering a world-class indoor recreational solution for Valparaiso,' Nuppnau said. 'Their extensive experience in developing and managing premier sports and recreation facilities aligns perfectly with our vision for Valpo REC. We are excited to move forward with a partner who will ensure this project progresses efficiently and effectively, ultimately creating a valuable community asset.' Nuppnau said funding for the redevelopment of the property will be strategically sourced through the remaining Sports Park bond funds, grant opportunities and public-private partnerships, and he anticipates opening the new facility in Fall 2027. 'While the project team is committed to maintaining the $20 million budget, several options would be considered should costs exceed this figure, such as reducing the project scope and implementing it in multiple phases while leveraging the Valpo Parks Foundation's strong fundraising history to secure private donations and exploring the issuance of a general obligation or revenue bonds to ensure project completion,' Nuppnau said. Valparaiso City Council member Diana Reed, D-1st, who serves as the council liaison for the park department, said the Regional Development Commission's funding to purchase the property came from a portion of the $15 million bond the RDC originally took out for the unrealized sports complex pushed as a favorite project under previous Valparaiso Mayor Matt Murphy in 2023. 'While $20 million is the projected budget, the city will also explore available grant funding as well as contributions from other entities. There isn't any existing space currently in Valparaiso similar in capacity or use when compared to Fairgrounds Park Pavilion or private spaces like Journeyman Distillery for weddings and events. Measuring in at 225,000 square feet, this new park and event space is bigger than any of the previous mentioned, including the Porter County Expo Center.' For more information related to the project, visit
Daily Maverick
29-06-2025
- Business
- Daily Maverick
Transnet seeks liquid bulk terminal proposals for Port of Ngqura
Transnet National Ports Authority has issued a Request for Proposals for the appointment of a terminal operator to fund, design, develop, construct, operate, maintain and eventually transfer a liquid bulk terminal at the Port of Ngqura, for a concession period of 25 years. In what Transnet described as the first step to move the tank farm at the Port of Port Elizabeth to the Port of Ngqura, the parastatal has issued a request for proposals from operators to run a new tank farm at the new location. 'The RFP is a ground-breaking milestone in the relocation of the tank farm from the Port of Port Elizabeth to the Port of Ngqura, in line with approved port development plans. The move comes as Transnet is implementing its Reinvent for Growth Strategy, which seeks to transform and grow the business. The new terminal will include liquid bulk storage tanks, road tanker loading gantries, pipelines and the necessary terminal operation infrastructure,' the statement reads. It continued that the landside operation of the proposed terminal was earmarked for the port's liquid bulk precinct located at the eastern extents of the back of port land adjacent to the N2. 'Future developments planned for this precinct will be further developed for energy-related commodities such as liquefied natural gas,' the statement said. '[The new terminal] is intended to foster regional and national economic growth while ensuring environmental sustainability,' said acting general manager for commercial services at TNPA (Transnet National Ports Authority), Dr Dineo Mazibuko. 'TNPA takes pride in the Port of Ngqura being the only South African commercial seaport in possession of an environmental authorisation for its port operation. In keeping with this green status, the appointed terminal operator will ensure compliance with all relevant environmental, safety and regulatory standards,' Mazibuko said. Decades in the making The moving of the tank farm from the Port of Port Elizabeth has been decades in the making. In 2011, the transfer of the tank farm was stalled due to 'insufficient customer commitment'. Eleven years later, responding to a parliamentary question in 2022, former minister of public enterprises, the late Pravin Gordhan, explained the reason for further delays: 'The delay in the relocation of the fuel tank farm was due to the inability of an operator that was appointed in terms of Section 56 of the National Ports Act, to achieve a commercially viable business case for the proposed terminal, and thus a decision was taken to discontinue the project. 'Subsequently, Transnet supported the Coega Development Corporation (CDC) in developing the liquid bulk facilities in Zone 5 of the Special Economic Zone (SEZ) in view of the advanced progress the CDC had made with the development of their liquid bulk storage facility. 'The Transnet National Ports Authority has given termination notice to Astron Energy (Pty) Ltd, Engen Petroleum Ltd, and Total Energies Marketing South Africa (Pty) Ltd (Oil Majors) who operate the Liquid Bulk Terminal in the Port of Port Elizabeth, effective 30 April 2022. As a result of this termination notice, the Oil Majors have lodged an appeal to the Ports Regulator of South Africa (PRSA) contesting this termination. 'A firm timeline for the relocation cannot be determined until such time that: TNPA and Astron settle the PRSA matter. There is a firm commitment from the Oil Majors to commit to commercial offtakes with the CDC or a liquid bulk storage facility operator appointed by the implementing agent, CDC. 'In October 2020, the Department of Forestry, Fisheries and the Environment (DFFE) issued a Remediation Order in terms of Part 8 of the National Environmental Management: Waste Act of 2008. This Remediation Order will regulate how the Oil Majors will undertake the decommissioning and remediation of the Port of Port Elizabeth's liquid bulk terminal. TNPA has initiated negotiations to conclude a Decommissioning and Remediation Exit Agreement. 'The Oil Majors have cited that this Agreement cannot be finalised without the PRSA appeal being determined and for realistic timelines for the relocation to the Port of Ngqura/CDC SEZ being agreed to,' Gordhan said at the time. DM
