Archives

LA-to-Vegas HSR, Inglewood Transit Connector Win IIJA Grants

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 […]

Tennessee Designates Choice Lanes Corridors

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 […]

Virgin Islands P3 Legislation Introduced, Advisor Selected for Airports P3

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 […]

Contra Costa Microtransit Selects Predevelopment Partner

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 […]

I-4 Ultimate Litigation Bench Trial Completed

When it was procured, the I-4 Ultimate project in Orlando was the largest highway project in Florida’s history and one of the largest P3s in the United States. The project was successfully completed last year, but suffered some delays and cost overruns during the pandemic. Now, more than a year and a half after the […]

Construction Delays Impacting New York Service Area P3

At the end of November, Fitch Ratings revised its rating outlook for the private activity bonds for the Empire State Thruway Partners (ESTP) from stable to negative. The change was driven by construction delays that the P3 has faced in completing the redevelopment of several of the service stations in the project scope. The overall […]

Alabama Supreme Court Lifts Injunction on Gulf Shores Bridge

At an estimated cost of $120 million in state funds, the Gulf Shores Bridge project in Alabama is smaller than many of the projects that this newsletter has covered in the past. But the politics and litigation surrounding the project are exceptional, even among US infrastructure projects. Recently, the project, which will build a new […]

Why We Keep Cancelling

The Calcasieu River Bridge in Louisiana has become a bit of a metaphor for America’s aging infrastructure and dysfunctional infrastructure politics. The bridge is two decades beyond its original useful life, but the project to replace it has spent all of that time in various stages of planning and environmental permitting. Every stakeholder from the […]

Calcasieu Cancelled: Louisiana Legislators Cancel Bridge P3

On October 24th, the Louisiana Joint Committee on Transportation, Highways and Public Works voted to cancel the $2.1 billion Calcasieu River Bridge P3. The project was post-procurement and heading towards an end-of-year financial close before it was cancelled.

Puerto Rico Awards Toll Roads Concession to Abertis

Abertis Infraestructuras SA, through its subsidiary Puerto Rico Tollroads LLC, has successfully bid a $2.85 billion upfront payment to operate, maintain, and improve four toll roads in Puerto Rico. The firm will sign the P3 agreement and operate on the island under Metropistas.