| Algonquin quits bidding war
Algonquin Power Income Fund has bowed out of the bidding for Clean Power Income Fund, leaving Macquarie Power & Infrastructure Income Fund the sole contender with its $226 million offer. Algonquin Power said yesterday its most recent bid of $5.47 per unit remains on the table, but it declined to match Macquarie's higher bid worth about $6.39 a unit. Should Clean Power decide to accept Macquarie's offer, Algonquin is entitled to a break fee of $1.75 million. Canadian Press .
Railways to invite fresh bids for modernisation of stations
New Delhi, April 13. (PTI): The Indian Railways has invited fresh bids from technical consultants for modernisation of 16 of its stations, including the one at New Delhi. All these stations are proposed to be made world class stations with all the standard facilities. The Railways has cancelled its first station modernisation bidding process wherein it had qualified about seven companies based on technical evaluation, Railway Ministry sources said. Earlier, the Railways had invited expressions of interests from consultants to advise it on the detailed design parameters and technical and legal aspects of the process to be adopted for modernising the New Delhi Railway Station. Railways has already technically qualified seven firms for providing advisory services that include the Italy-based Grandi Stazioni SpA vIA, Chinese firm East China Architecture and Design Institute and the UK headquartered Mott Mac Donald.
Two vie for open seat on school board
The upcoming race for a seat on the Sherwood School Board involves issues related to increased growth, adequate funding and the creation of a business/school mentoring program as two residents vie for a seat in the May 15 election. Sue Hekker and John Miller are seeking a four-year term for the Position 1 slot. The seat is being vacated by Wayne Lowry who announced earlier this year that he wouldn't seek re-election after spending eight years on the board. Ballots will be mailed out April 27. Hekker, 39, works as a sales representative for Schering Plough, a pharmaceutical firm that sells cardio-vascular products. Miller, 49, works in insurance and membership sales for AAA of Oregon. Here's a look at both candidates: SUE HEKKER Hekker most recently served as chairwoman for Care for Kids, the group that pushed for the successful November bond measure worth $98 million.
Bidders for Honda Jet plant will have to re-bid contract
GREENSBORO - The Piedmont Triad Airport Authority voted yesterday to reject bids that were opened March 15 for site preparation for the Honda Jet plant, which will be built at Piedmont Triad International Airport. The authority will re-bid the contract because of a mix-up involving minority-bidder requirements. Eight companies submitted bids for the contract, but four were not considered because they did not sign RS-2 Forms that show minority participation. At the time, the authority thought that it was in compliance with N.C. Department of Transportation requirements but learned after the bidding that the form was not needed. David Ferrell of Vandeventer Black LLP, an attorneys office in Raleigh, represented Mainline Contracting, a company in Durham that has the lowest bid.
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