Archives

A Historic Financial Close for Georgia’s SR‐400

A truly historic transportation financing was closed in Georgia in August. The SR-400 project financing sets new records no matter where you look. At $3.32 billion, it includes the largest single Private Activity Bond (PAB) issuance in U.S. history in addition to, at $3.89 billion, the largest TIFIA loan in the program’s history. At $4.7 […]

The $3.8 Billion Dollar Question for GDOT (and other DOTs)

The Georgia Department of Transportation (GDOT) and its advisors have much to celebrate with the successful financial close of the SR-400 project. But the number that should get the most attention is the financing’s concession fee to Georgia’s State Road and Tollway Authority (SRTA): $3,799,312,000. That $3.8 billion figure has been the subject of ample […]

I‐77 South Express Lanes RFQ Published

The North Carolina Department of Transportation (NCDOT) has finally kicked off the procurement for the I-77 South Express Lanes project in Charlotte. The state published a Request for Qualifications in August, and is planning on collecting qualifications from interested bid teams in December. The state is planning to select a shortlist of teams in February […]

Build America Bureau Publishes Final Asset Concessions Grant NOFO

The Build America Bureau (BAB) released its second and final Notice of Funding Opportunity (NOFO) for the Innovative Finance and Asset Concession (IFAC) grant program in August. The program will award up to $45.98 million in technical assistance grants to public agencies considering asset concession projects or programs to enhance existing public assets. The new […]

PWF’s 3‐Step Guide to Getting More American Capital into American Transport Infrastructure

Transportation Secretary Sean Duffy joined the inaugural meeting of the Department of Transportation Advisory Board earlier this summer at the White House. Overall, the meeting was extraordinarily promising for American transportation P3s. Again and again, Secretary Duffy mentioned the need to find ways to leverage private investment and create projects that attract private capital, and […]