Archives

For the Key Bridge, It’s Fast Reconstruction or a Long State of Emergency

The replacement of the Key Bridge in Baltimore will be no quick fix. The regional – and even national – economic impacts of the collapse will be substantial. The top priority remains clearing the channel so that the Port of Baltimore can resume partial operations. In that regard, the month saw a small but meaningful […]

Vinci Closes Acquisition of Northwest Parkway

Vinci Concessions has officially reached financial close for its acquisition of 100% of the equity interest in the Northwest Parkway concession in Colorado. The acquisition was completed at a valuation of approximately $1.2 billion, and will significantly increase Vinci’s U.S. highway portfolio.

Brightline West Breaks Ground, Selects Siemens for Train Sets

U.S. high speed rail took a massive step forward in April with the official groundbreaking for Brightline West’s privately financed high speed rail line between Las Vegas and Southern California. The groundbreaking came just months after the project was awarded a massive $3 billion grant from the Biden Administration.

TXDoT Moves Forward with Potential Buyout of SH288 Express Lanes P3

In a vote that came as a surprise to many, at its March 28 meeting the Texas Transportation Commission approved the creation of a new public transportation corporation, which could eventually take over as the public operator of the SH288 Express Lanes project near Houston. The resolution is the first step in what will likely […]

RFI for Massive I-285 East Express Lanes Procurement in Atlanta

After years of planning, the gargantuan I-285 express lane procurement pipeline in Atlanta is getting underway. If the Georgia Department of Transportation (GDOT) achieves its current vision for the system, the portfolio of express lanes projects, combined with the ongoing SR400 procurement, could become one of the largest interconnected express lane networks in the United […]

US Airport P3 Sector – Recent Progress, Fixing AIPP

The recent terminal redevelopment P3s that the Port Authority of New York and New Jersey (PANYNJ) pioneered at LaGuardia and then JFK are not included in the All Clear for Takeoff study, except as publicly managed airports. This is in part because those P3s were still too recent to evaluate operationally and because getting operational […]

LAX APM Debt Downgraded Amid Schedule Relief Negotiations

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 […]

Maryland Denied Federal Grant for American Legion Bridge Replacement

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, […]