- Supreme Court Blocks Extension of Ohio Early Voting
- No Ruling on Kansas Democrats Picking Candidate
- Intruder Made It Deeper Into White House
- Senate Race in Kansas is a Toss Up
- Dead Heat for Massachusetts Governor
Posts in "Public-Private Partnerships"
September 26, 2014
This week on The Container, we reported on the role of toll lanes in the North Carolina Senate race where donors to the campaign of Republican Thom Tillis could benefit from a new exit being built as part of a project near Charlotte.
Tillis is challenging first-term Democrat Sen. Kay Hagan, as the GOP aims for at least 51 seats.
September 23, 2014
The National Association of Manufacturers renewed its call Tuesday for more infrastructure spending, issuing a report saying that “infrastructure spending has been on a decade-long decline” and that “when measured in proportion to GDP, the downward trajectory of infrastructure investment becomes even more stark and worrisome.”
September 17, 2014
There was bipartisan House agreement Wednesday that public-private investment partnerships, which combine state and federal grant money and bonds with Wall Street equity and debt financing, should be an important part of paying for new transportation infrastructure.
But there was partisan disagreement among members of a special P3 panel of the House Transportation and Infrastructure Committee on how large a percentage of infrastructure funding will come from the P3.
September 9, 2014
Transportation Secretary Anthony Foxx said Tuesday that the Obama administration is making a $950 million loan to help rebuild and widen 21 miles of Interstate 4 in the Orlando, Fla., area.
My CQ Roll Call colleague John Boyd has the details here.
September 8, 2014
On Tuesday, Treasury Secretary Jack Lew and Transportation Secretary Anthony Foxx convene an infrastructure investment summit with private-sector investors.
One topic of discussion is likely to be the use of tolls to help pay for bond issues and as part of private equity deals to build bridges, highways, and tunnels.
Here’s a case for tolling, from our interview with Patrick D. Jones, executive director and CEO of the International Bridge, Tunnel and Turnpike Association. Later today, we’ll run an opposing view. Full story
August 21, 2014
Tolling may soon become a routine method of paying for new highway construction even in traditional non-toll states, and drivers may just have to get used to it.
But some drivers are waging a battle to prevent tolling on a congested 26-mile stretch of Interstate 77 in North Carolina.
July 18, 2014
President Barack Obama tried to focus attention this week on public-private partnerships to build infrastructure. Despite the existence of well-established “P3″ projects — concentrated in Texas, Florida, Virginia, California, and Colorado — the public is still sometimes confused about what’s public and what’s private.
July 17, 2014
Federal law prohibits most interstate highway tolling. Lifting that ban is not likely to happen soon, even though toll revenue would help states pay for some infrastructure projects.
States are turning to public-private partnerships, or P3s, to finance projects. But with P3s in some parts of the country, there’s a potential obstacle: public dislike of tolls.
Even as President Barack Obama was headed to Delaware on Thursday to promote public-private partnerships to finance infrastructure, Peter Ruane, president of the American Road and Transportation Builders Association, was telling a conference of officials and investors who put together such deals that there’s growing resistance in Congress to the “P3s” trend.
In Delaware on Thursday, President Barack Obama will announce a new “one-stop shop” for state and local governments who need guidance on how to partner with private-sector investors raise money for infrastructure projects.
Obama will unveil the Build America Transportation Investment Center, to be housed at the Department of Transportation.
July 14, 2014
The nation’s capital will be busy with transportation events this week:
On Monday, the Energy Department’s Energy Information Agency starts its annual conference. Among the speakers will be the head of a company controversially involved in rail shipments of Bakken crude oil from North Dakota, Global Partners president and CEO Eric Slifka.
June 23, 2014
Senate Finance Chairman Sen. Ron Wyden spoke for many transportation officials when he said recently, “There are hundreds of billions of dollars in private capital sitting on the American sidelines. Surely some of that can be invested in American infrastructure.”
Probably no topic is hotter right now in the public infrastructure world than private-public partnerships, which aim to entice the owners of those hundreds of billions of dollars of private capital to invest in rebuilding and expanding the nation’s highways, ports and bridges.
June 17, 2014
For Rep. Michael E. Capuano, the senior Democrat in a group of House Transportation Committee members that met with New York investment bankers Monday, the key private infrastructure investment case that needs explaining is the 2006 lease of the Indiana Toll Road by a group of investors including Macquarie Atlas Roads, created by the Macquarie Infrastructure Group, an Australian firm.