Tag Archives: infrastructure

Parallel Infrastructure Appoints Industry Veteran Yannis Macheras as President of Telecommunications

Parallel Infrastructure LLC, a leading right-of-way (ROW) management and infrastructure development company, today announced the appointment of Yannis Macheras as President of the company’s Telecommunications Infrastructure business.

Coral Gables, FL (March 3, 2014) — Parallel Infrastructure LLC, a leading right-of-way (ROW) management and infrastructure development company, today announced the appointment of Yannis Macheras as President of the company’s Telecommunications Infrastructure business. In this capacity, Macheras will be responsible for building on the momentum that Parallel has established in this business segment, and further accelerating its tower portfolio growth plans.

Macheras has worked in the telecommunications industry for 15 years, serving in diverse executive positions at American Tower Corporation (AMT), and brings a wealth of industry knowledge, insight and experience to Parallel’s operations. Macheras joined AMT in its early days and played a large part in helping to create a global leader in the wireless communications infrastructure industry. His success with AMT includes establishing a strong back-office, ensuring the successful integration of SpectraSite into AMT in 2005, leading several distinct geographic regions as a VP/GM, consolidating and leading AMT’s Managed Sites rooftop business and overseeing tower development in Latin America.

“Yannis’ global leadership experience will be an invaluable asset as we accelerate our pace and fill the market need for increased capacity and coverage in the wireless communications arena,” said Frank Chechile, CEO of Parallel Infrastructure. “He will continue to foster Parallel’s focus on speed and agility in the tower development space.”

Macheras holds a Bachelor of Arts from Columbia University and a Juris Doctor from Tulane University.

Parallel Infrastructure continues to expand its management portfolio, which spans more than 2,100 miles of ROW across 22 states, as well as strengthen its relationships with carriers, executing new leases across the nation. “Building on our reputation to deliver carrier-grade infrastructure and under Macheras’ leadership, Parallel is well positioned to establish itself as a leading wireless communication infrastructure owner and operator in the United States,” Chechile added.

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About Parallel Infrastructure
Parallel Infrastructure LLC is national right-of-way (ROW) management and infrastructure development company that invests in and manages underutilized land assets along railroad and highway corridors, creating significant value for both public and private owners. The company’s capabilities include real estate management services, telecommunications, energy and outdoor advertising infrastructure development, and the implementation of innovative ROW uses that generate incremental income streams. Headquartered in Jacksonville, Fla., Parallel Infrastructure is a wholly owned subsidiary of Florida East Coast Industries, Inc. For more information, visit http://www.parallelinfrastructure.com.

About Florida East Coast Industries, Inc.
Florida East Coast Industries, LLC (FECI) is one of Florida’s oldest and largest full-service commercial real estate, transportation, and infrastructure companies. Headquartered in Coral Gables, Fla., FECI has a rich history dating back over a century. Mr. Henry Flagler first established a predecessor company in 1892, which became a pioneer in the development of Florida’s eastern coast. Today, FECI continues to transform Florida as the parent company to the following leading real estate, transportation, and infrastructure businesses within the state: Flagler, a full-service commercial real estate company; All Aboard Florida, the United States’ first privately owned, operated and maintained intercity passenger rail system; Flagler Global Logistics, an integrated logistics company that offers a wide range of logistics services and real estate solutions; and Parallel Infrastructure, a leader in third-party Right of Way (ROW) investments and management services. FECI is owned by private equity funds managed by affiliates of Fortress Investment Group LLC. For more information, visit http://www.feci.com.

Media Contacts:
Kristy Kennedy
rbb Public Relations
305-448-5839
kristy.kennedy@rbbpr.com

Kathleen Rodriguez
Florida East Coast Industries
305-520-2306
kathleen.rodriguez@feci.com

Parallel Infrastructure Expands Telecom Footprint with Three New Development Agreements in Pennsylvania

Contracts with Allegheny County, SEDA-CoG JRA and Pioneer Railcorp Add to Company’s Communications Development Portfolio.

JACKSONVILLE, Fla. (February 17, 2014) — Parallel Infrastructure LLC, a leading right-of-way (ROW) management and infrastructure development company, continues to expand its client portfolio with three new telecommunications tower development agreements in Pennsylvania. Allegheny County awarded the company more than 3 million square feet of developable land parcels, while contracts with SEDA-Council of Governments Joint Rail Authority (SEDA-CoG JRA) and Pioneer Railcorp bring an additional 207 miles of corridor to the company’s 1,800-mile communications development portfolio throughout the country.

“There continues to be strong demand to improve telecommunications infrastructure and that means growth opportunities abound for right-of-way property owners,” said Frank Chechile, CEO of Parallel Infrastructure. “By entering into innovative revenue-share agreements, we help monetize our clients’ underutilized real estate without interrupting their core operations. The result is increased revenue for them with little to no risk, and plenty of upside for incremental revenue generation.”

Chechile added that Parallel Infrastructure is seeing increased demand for its capabilities from state and local governments in particular. “With tightening budgets, government entities are making efforts to capture additional revenue by unlocking the value of their real estate,” he said.

As a result of an extensive RFP process, Allegheny County awarded Parallel Infrastructure the telecommunications facility development rights on 14 parcels, totaling more than 3 million square feet of underutilized county-owned land. By partnering with top engineering, architecture and construction firm Jacobs Engineering, Parallel Infrastructure was able to scout and assess developable sites. Moreover, because of its private capital backing, the company was able to offer the County a “win-win” revenue generation prospect, providing quick and recurring payments to the County for each site it develops.

“The County was attracted by the prospect of earning new revenue, and doing so in an efficient and quick manner,” said Ed Myers, Vice President of Telecommunications Sales for Parallel Infrastructure. “We will use our capabilities and our capital to design, finance, build, maintain, and lease facilities to communications service operators, which in turn, will provide the County with a long-term revenue stream without having to spend any of their money.” Myers added that along with telecom development, Parallel Infrastructure will also provide the County with access to its communications facilities to allow it to develop emergency management systems.

SEDA-CoG JRA is a municipal authority with the mission of preserving rail service for industries in Central Pennsylvania and furthering economic development through retention, improvement, and expansion of rail infrastructure. It agreed to allow Parallel Infrastructure to begin evaluating sites for development on nearly 200 miles of the JRA’s railroad right-of-way. This agreement comes on the heels of an earlier tower development agreement on a 25-mile stretch of Pennsylvania ROW owned by Pioneer Railroad. Parallel Infrastructure will begin working immediately with railroad owners and wireless carriers to identify sites for towers along the JRA’s five short line Central Pennsylvania railroads: Juniata Valley Railroad, Lycoming Valley Railroad, Nittany & Bald Eagle, North Shore Railroad and Shamokin Valley Railroad.

These new agreements with Allegheny County, SEDA-CoG JRA, and Pioneer’s Gettysburg & Northern Railroad Line exemplify Parallel Infrastructure’s proficiency in collaborating with the public sector. Myers further commented, “While sharing revenue with a land owner earned from communications infrastructure developments is not a new concept, doing so in a comprehensive manner with a government land owner is the type of public-private arrangement that forward-thinking entities, such as these agencies, are using to institutionalize revenue capture opportunities.”

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About Parallel Infrastructure
Parallel Infrastructure LLC is the first universal Right-of-Way (ROW) management and infrastructure development company focused on monetizing and maximizing the value of underutilized land assets along railroad and highway corridors for third-party clients. The Company’s service offerings include real estate management services, telecommunications infrastructure development, and generating ancillary revenue streams through alternative ROW uses. Headquartered in Jacksonville, Fla., Parallel Infrastructure is a wholly owned subsidiary of Florida East Coast Industries, Inc. For more information, visit http://www.parallelinfrastructure.com.

About Florida East Coast Industries, Inc.
Florida East Coast Industries, Inc. (FECI) is one of Florida’s oldest and largest full-service commercial real estate, transportation, and infrastructure companies. Headquartered in Coral Gables, Fla., FECI has a rich history dating back over a century. Mr. Henry Flagler first established a predecessor company in 1892, which became a pioneer in the development of Florida’s eastern coast. Today, FECI continues to transform Florida as the parent company to the following leading real estate, transportation, and infrastructure businesses within the state: Flagler, a full-service commercial real estate company; All Aboard Florida, the United States’ first privately owned, operated and maintained intercity passenger rail system; South Florida Logistics Services, an integrated logistics company that offers a wide range of logistics services and real estate solutions; and Parallel Infrastructure, a leader in third-party Right of Way (ROW) investments and management services. FECI is owned by private equity funds managed by affiliates of Fortress Investment Group LLC. For more information, visit http://www.feci.com.

Media Contacts:
Mary Sudasassi
rbb Public Relations
305-448-6163
mary.sudasassi@rbbpr.com

Australian company Global Road Technology announces Partnerships that will transform Indian Roads

Australian infrastructure leaders Global Road Technology (GRT) have announced a multi-million dollar partnership with Indian construction and energy giant Triace.

Southport, QLD, November 07, 2013 – Australian infrastructure leaders Global Road Technology (GRT) have announced a multi-million dollar partnership with Indian construction and energy giant Triace.

Using the latest certified road development and stabilisation technology, Australian based GRT builds instant highway infrastructure – saving time, money and resources when compared to the construction of conventional roads. This deal will see GRT and its Indian joint venture partner Pearls Group – as Pearls GRT – work with Triace to apply their products on projects covering 7,000km of Maharashtra, India’s second most populous and third largest state.

Global Road Technology Director Ben Skinner said that the announcement signifies the global intent of the company to be a world leader in the development and maintenance of safer and better road infrastructure.

“Our technology provides a cost-effective and time efficient solution to the development of road infrastructure in both remote areas and developing nations – providing access for communities to the wider world,” said Mr Skinner.

“Our contract with Triace will enable us to provide communities across Maharashtra state access to safer and more environmentally sustainable road networks – creating a road network that will transform the region.

Just as importantly, this will be done economically and rapidly – with up to 6000 sq metres of road being applied a day using GRT products, as opposed to traditional methods that take up to a month to lay a kilometre of road.”

The Triace deal follows the recent signing of a formal joint venture between Global Road Technology and one of India’s largest companies, Pearls Group – this joint venture will be named Pearls GRT.

GRT already has a market presence across Asia, India, North and South America.

GRT is working with major companies across the mining, oil and gas and government sector with its economic and environmentally friendly technology in high demand – with its application helping to create better road networks worldwide.

GRT polymers can be mixed with in-situ materials to create better multi-use road surfaces across a number of landscapes and for multiple client needs.

According to Ben Skinner the partnership with Pearls and signing of the deal with Triace highlight the demand for GRT’s products and the company’s ability to provide cost-effective and timely solutions for clients infrastructure needs.

“Our partnership with Pearls and the signing of the agreement in India demonstrates the demand for our products and their potential to provide infrastructure solutions globally for any number of industries and applications,” Mr Skinner said.

“Pearls GRT’s road-building technology has the potential to revolutionise how roads are built and the company is entering an exciting time in its development.

Both the public and private sector grasp its effectiveness to provide instant infrastructure and what that means in terms of giving people accessibility to opportunities and improving their economic and social development.”

Pearls GRT is a joint venture between two innovative powerhouses – Global Road Technology and the Pearls Group.

Global Road Technology is an international company with a wealth of expertise in the creation and maintenance of better urban, rural and industrial roads.

Global Road Technology’s constant pursuit of innovation has solved road stabilization, dust control problems and met other operating challenges worldwide.

With the optimal combination of proven products and total turn-key solutions Global Road Technology has delivered all types of roads from major highways to haulage, industrial and rural roads, tarmacs, hardstand areas and water repellent pavements.

Global Road Technology’s team of expert surveyors, geologists, civil engineers and industry consultants ensure a qualified onsite presence to assist with any project.

In many countries, unsatisfactory roads are contributors to poor social and economic development and are unsafe for the whole community. Global Road Technology is committed to the United Nation’s initiative of “A Decade of Action” which aims to reduce road deaths by 50% in 2020. Presently, road traffic fatalities take 1.3 million lives per year and this is expected to increase to 1.9 million by 2020 unless urgent action is taken.

Our goal is threefold- keep industries moving, create better roads for rural communities, and build safer road infrastructure in low to middle income countries.

Pearls is a privately owned, diversified company with a pan-Indian presence, formed in 1983. Since that time, the Pearls Group of companies has created a versatile property portfolio of master planned townships, residential apartment projects, retail shopping malls and state-of-the-art office complexes.

Among India’s largest private landholders, Pearls has been quietly at the forefront of the Indian property sector creating the future infrastructure to cater for the nation’s surging economic growth and development.

It also holds broader interests in infrastructure and construction, the media, film production, education, health care and hospitals, agriculture, food and alcohol distribution and insurance. Pearls is committed to quality, value and innovation – giving the company a natural affinity with its partner in Pearls GRT, Global Road Technology.

For more information or further media enquiries please contact:
Sean Braybrook, Account Manager, Shac Communications, Ph: 07 5504 5758 M: 0406 961 067 E: sean@shaccommunications.com

Ben Skinner, Director, Global Road Technology Australia, M: 0403 568 071.

Contact:
Sean Braybrook
Shac Communications
PO Box 10709
Southport, QLD 4215
07 5504 5758
sean@shaccommunications.com
http://www.shaccommunications.com

Nandan Exim Net Profit Up By 47.50% & Gross Income Up by 31.52% for Quarter Ended Sept 2010

Nandan Exim Ltd, part of the 40 year old Chiripal Group and one of the fastest growing denim manufacturing companies in India, has registered a 31% higher sales turnover of Rs 112.87 cr for the quarter ended Sept 2010.

Mumbai, India, October 28, 2010 — Nandan Exim Ltd [NSE: NANDAN], part of the 40 year old Chiripal Group and one of the fastest growing denim manufacturing companies in India, has registered a 31% higher sales turnover of Rs 112.87 cr for the quarter ended Sept 2010 as against a turnover of Rs 85.82 crore for the corresponding period previous year. At net level the profit rose 47.47% to Rs. 4.38 crore in the quarter ended September 2010 as against Rs. 2.97 crore during the previous quarter ended.

The company is one of the top 5 producers of Denim in India. The ultra-modern plant of Nandan Exim Limited, located at Ahmedabad Gujarat; employs the latest technology and has the infrastructure and installed capacity to produce 40 million meters of denim per year. The products manufactured by Nandan are primarily intended for sufficing the needs of the leading customers of the country and exports to the developed markets of the West and South East Asia, Europe & America.

Chiripal Group:
Established in the year 1972, Chiripal Group of Companies ( http://www.chiripalgroup.com ) has become one of the leading integrated textile house manufacturing fibre to fabrics under one roof in the country. Today, Chiripal Group is one of the most respected industrial conglomerates in India with a turnover of about Rs. 1200 crore. http://www.chiripalgroup.com/

Press & Media Contact:
Mitesh M Kapadia
Sentinel Public Relations Pvt Ltd / Sentinel Advertising Services
B-603, Samajdeep, Near Bhanu Park/Seasons Restaurant
Adukia Road, Off S V Road
Kandivli (W), Mumbai 400 067 India
Mob: +91 98205 03876
Tel: (022) 28625131/32
Fax: (022) 28625133
mitesh@publicrelationindia.com
http://www.publicrelationindia.com