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NTE Mobility Partners Closes Financing for North Tarrant Express Capex

NTE Mobility Partners, the project concessionaire led by Cintra and Meridiam closed a refinancing on the North Tarrant Expressway in August. The new financing comes a few months after the final phase 3C of the express lanes network opened to traffic earlier this summer.

Unsolicited Proposal for I-77 Express Lanes Extension Rejected

In late August, state and regional highway planners in North Carolina rejected an unsolicited proposal from Cintra to extend the existing toll lanes on I-77 an additional 8.4 miles from Charlotte to the South Carolina border. This decision comes more than a year after the proposal’s existence was initially made public in February 2022.

Preferred Bidder for Calcasieu River Bridge P3 in Louisiana

A preferred bidder for the long-awaited I-10 Calcasieu River Bridge replacement project was finally selected in July. Louisiana Governor John Bel Edwards announced that the state was selecting Calcasieu Bridge Partners (CBP) for final negotiations for the bridge replacement P3. Construction on the project is slated to begin next year and is expected to last […]

Fixing Misleading Toll Road Metrics: It’s About Time

In September 2022 we published a research paper which critically examined a value for money benchmarking metric used throughout the toll road sector by policy makers, planners, consultants, rating agencies and financiers – and often quoted by the media; cents per mile.  We developed and applied an alternative approach, focused instead on cents per minute […]

Another Make-or-Break BPW Vote for the Purple Line in January

Another month, another make-or-break vote for the Purple Line. At the upcoming meeting of the Maryland Board of Public Works (BPW), scheduled for 26 January, the BPW will decide whether or not to approve the Purple Line’s updated P3 agreement, which will include a new design-build contract.

Alabama I-10 Bridge Project Revived, P3 Still Dead

Alabama is the latest state to see a cancelled P3 showing signs of new life. Public officials approved a toll framework to revive the I-10 Mobile River Bridge and Bayway project, just a few years after cancelling a P3 procurement to deliver the project post-qualifications.