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Metro Chooses Tunnel for Sepulveda Transit Corridor

LA Metro has finally selected a project alternative for the massive Sepulveda Transit Corridor project, and it will be a heavy rail line tunneled through the Sepulveda Pass. If the project is eventually procured as a Public-Private Partnership (P3), it will almost certainly be in the running for the largest in U.S. history. Metro’s selection […]

PWF Interview: Nossaman’s Brandon Davis on Airport P3s, LA Infra, Enabling Legislation

Los Angeles is a city of extremes, in infrastructure and everything else. With the Olympics and World Cup approaching, the city has passed unprecedented levels of transportation funding and is home to some of America’s pioneering megaproject public-private partnerships, including two at LAX.  It is also an extraordinarily challenging development environment, for infrastructure and everything […]

Will Dulles Airport Makeover Be America’s First Major Airport P3?

Several months ago I received an email from an airport consultant in the U.K. He was preparing a global report on the prospects for whole-airport long-term P3s and wanted my outlook for the United States. I wrote back that no such projects were on the U.S. horizon, and I noted my recent policy paper explaining […]

Shortlist Already for Penn Station Redevelopment

When the Trump Administration took over delivery of the Penn Station redevelopment project last April, it promised to move forward with a procurement quickly for the long-delayed megaproject. It appears to be doing just that. Amtrak has already shortlisted three potential master developer teams and started the RFP process. Amtrak executive Andy Byford, who is […]

P3 Considered for American Legion Bridge, Again

A productive meeting between U.S. Transportation Secretary Sean Duffy and Maryland Governor Wes Moore in January yielded an interesting, though certainly not novel, idea: a P3 to deliver the reconstruction of the American Legion Bridge. The joint statement released after the meeting reads, in part: “Specifically for the American Legion bridge, we agreed about the […]

GDOT Completes NEPA for I‐285 Top End

In January, the Federal Highway Administration (FHWA) published a Notice of Final Agency Action in the federal register for the environmental study of the I-285 Top End Project. The notice marks the end of environmental permitting for the project under the National Environmental Policy Act (NEPA). The Georgia Department of Transportation (GDOT) published a Record […]

An Integrated Framework to Improve Public Involvement in Public-Private Partnerships

Original study by Eric J. Boyer, Can Chen and John Clayton Thomas Public-private partnerships (PPPs) are widely used for major transportation infrastructure projects because they offer a mechanism for governments to build large projects with private financing and long-term private involvement. Yet many PPPs have faced intense public criticism, controversy, and even cancellation. Insufficient information […]

Transport Finance in 2026: High‐Speed Trouble, Express Lanes Rush

2026 will be the last year of the Infrastructure Investment and Jobs Act (IIJA). It was a historic law, and there will be a big debate over its inevitable post-mortem. That debate, and the negotiations over the surface transportation legislation to follow (see Poole, this edition), are two topics that Public Works Financing will be […]

Key Commercial Considerations for Agencies Planning Express Lane P3s

Priced managed lanes are having their moment. For decades after their mid-20th-century conception, only a handful of projects reached operation, and most were regarded as risky bets. They were difficult to forecast, dependent on government subsidies, and met with skepticism from both investors and the public. Over the past fifteen years, the narrative has shifted. […]

Shifting Gears on Federal Infrastructure Funding

The landmark Infrastructure Investment & Jobs Act (IIJA) has provided huge increases in federal funding for transportation infrastructure over the past four years. As we approach the last year of IIJA funding, coalitions have formed to enact something similar in the forthcoming surface transportation reauthorization (2026) and FAA reauthorization (2028-29). The first of these groups […]