Construction is now officially underway for Amtrak’s redevelopment of the historic William H. Gray III 30th Street Station in Philadelphia. The station is being redeveloped via a $527 million, first-of-its-kind DBFOM P3 for Amtrak, which includes a 50-year operating concession.
Fitch Ratings has downgraded the Private Activity Bonds (PABs) for Los Angeles International Airport’s Automated People Mover (APM) project to junk status. The downgrade occurred due to continued construction delays and an increasingly strained relationship between the project’s developer, LAX Integrated Express Solutions (LINXS) and public sponsor, Los Angeles World Airports (LAWA). The project currently […]
Providence is breaking new ground with its recently approved progressive P3 for a new transit center downtown: the Predevelopment Agreement (PDA) has been signed but the final location of the transit center may now be up in the air.
There’s always next year, or, more specifically, there’s always the next round of federal grant applications. Maryland’s project to replace the American Legion Bridge is now unfortunately going to have to wait at least one round longer. The project, which has already experienced years of delays, suffered yet another setback at the end of January, […]
As it turns out, some Public-Private Partnerships (P3s) do manage to come back after high-profile cancellations. At least that seems to be the case for the Calcasieu River Bridge replacement project in Louisiana. The late-stage cancellation of the project last October was a blow for the industry, and was just one of a recent string […]
Two southern California rail P3s are each a step closer to financial close after receiving discretionary IIJA grants from the Biden Administration. First, the Brightline West High-Speed Rail Project, an effort to connect the 218-miles between Las Vegas and suburban Los Angeles via privately-operated high-speed trains, received a $3 billion federal grant. The project may […]
After announcing a new “Choice Lanes” initiative and then passing enabling legislation earlier in the year, the Tennessee Department of Transportation (TDOT) ended 2023 by designating four target corridors for the new express lanes projects. The four targeted Choice Lane corridors were designated as part of a broader long-term infrastructure and transportation investment plan, which […]
The U.S. Virgin Islands advanced its major brownfield airports P3 in December, hiring Stantec as the Technical Advisor for the ongoing procurement. Stantec will also provide comprehensive consulting services for the Virgin Islands Port Authority (VIPA) on ongoing development projects at the airports. VIPA is aiming to select a preferred proposer for the P3 in […]
The Contra Costa Transportation Authority (CCTA) announced that it is entering a predevelopment agreement with East County Connection Partners (ECCP) to bring the county’s micro transit system one step closer to becoming reality. ECCP is a joint venture between Plenary Americas, Flatiron and transportation technology company Glydways. The project will deliver a 28-mile, traffic separated […]