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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.

More Capex, More Debt ‐ Evolving Balance Sheets of US Airports

U.S. airport passengers are back, or at least back to 2019 pre-pandemic levels, and the airport sector is undertaking a massive wave of capital expansions to meet rising demand. The trend will see balance sheets grow and prices climb, per a research report from Fitch Ratings in October. Large hub airports will lead the capital […]

High-Frequency Rail Moves to RFP

Transport Canada is moving forward with the country’s most significant infrastructure project in several decades. The launch of the RFP for the High-Frequency Rail (HFR) project between Quebec City and Toronto could redefine travel along one of the country’s most populous and trafficked corridors. The scope of the HFR project is to upgrade more than […]

Bids in for Puerto Rico Brownfield Toll Road Concession

Bids are in for the first US brownfield toll road concession in years. Local news The San Juan Daily Star reported that at least two of the shortlisted teams for Puerto Rico’s planned toll road concession had submitted proposals to the island’s Public-Private Partnerships Authority (P3A), which is managing the procurement.