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October 30, 2014

Posts in "Public-Private Partnerships"

October 22, 2014

Infrastructure Loan Fears Misguided, Reader Says

98925153 1 445x296 Infrastructure Loan Fears Misguided, Reader Says

A Staten Island ferry heads across New York harbor. New ferry terminals were built in 2005 with TIFIA loan backing (Photo by Spencer Platt/Getty Images)

TIFIA is the federal loan program, which uses Treasury funds to help finance state and local governments’ infrastructure projects: bridges, ferry terminals, toll roads, etc.

Last week I mentioned that the new bridge across the Hudson River in New York is financed partly by a $1.6 billion TIFIA loan. TIFIA, which is run by the Department of Transportation, stands for Transportation Infrastructure Finance and Innovation Act.

Full story

October 3, 2014

The Container’s Friday Q & A: Contra Costa Transportation Authority’s Randy Iwasaki, Part One

With a boost from Transportation Secretary Anthony Foxx, there’s momentum in favor of vehicle-to-vehicle and vehicle-to-infrastructure networks that could better regulate traffic flows and allow cars and trucks to avoid collisions.

New evidence of that momentum came this week as the Contra Costa, Calif., Transportation Authority and Mercedes-Benz Research & Development of North America in Sunnyvale, Calif., announced that they’re setting up a test site at the Concord Naval Weapons Station.

Full story

October 2, 2014

Abbott Says His Wheelchair Can Beat A Car on Some Gridlocked Texas Roads

Highway gridlock is an issue, at least for a few moments, in a 2014 campaign.

In a recent television ad, Texas Republican gubernatorial candidate Greg Abbott maneuvers his wheelchair and tells viewers, “A guy in a wheelchair can move faster than traffic on some roads in Texas.”

Full story

September 26, 2014

A Look Back: Toll Lanes, A Big Bankruptcy, Hedging Gone Bad & LNG-Powered Ships

470901883 445x279 A Look Back: Toll Lanes, A Big Bankruptcy, Hedging Gone Bad & LNG Powered Ships

A Las Vegas highway interchange (Photo by Ethan Miller/Getty Images)

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.

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When Hedging Goes Awry, On The Road And Aloft

455739138 2 445x295 When Hedging Goes Awry, On The Road And Aloft

United Airlines jets sit at gates at O’Hare International Airport in Chicago (Photo by Scott Olson/Getty Images)

Investors and firms use hedging strategies to try to protect themselves against movements in interest rates or commodity prices.

But hedging sometimes brings grief, as two documents this week showed. Full story

September 23, 2014

Lessons of the Indiana Toll Road Bankruptcy

wr02012429 218x335 Lessons of the Indiana Toll Road Bankruptcy

As governor of Indiana, Mitch Daniels signed the Indiana Toll Road deal (Congressional Quarterly photo by Scott J. Ferrell)

Since we’ve written frequently about the contentious issue of toll roads, we can’t let pass without notice Monday’s news that the company operating the Indiana Toll Road has filed for bankruptcy.

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Manufacturers Say Bigger Infrastructure Investment Would Boost Incomes

168153183 1 445x296 Manufacturers Say Bigger Infrastructure Investment Would Boost Incomes

The giant drill nicknamed “Harriet” bores a section of the Port of Miami tunnel last year. (Photo by Joe Raedle/Getty Images)

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.”

Full story

September 17, 2014

Bipartisan House Report Sees Growing Role for Private Money in Infrastructure Deals

1duncan022702 258x335 Bipartisan House Report Sees Growing Role for Private Money in Infrastructure Deals

Rep. John J. Duncan, Jr., headed a special House panel on public-private partnerships.

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.

Full story

September 9, 2014

DOT Makes $950M Loan To Help Expand I-4 in Florida

4913387651 445x308 DOT Makes $950M Loan To Help Expand I 4 in Florida

Transportation Secretary Anthony Foxx at a press conference last May (Mark Wilson/Getty Images)

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.

Full story

September 8, 2014

With Transportation Investment Summit Set to Meet, Here’s the Case for Tolling

152366339 445x303 With Transportation Investment Summit Set to Meet, Here’s the Case for Tolling

Toll lane cameras at the Golden Gate Bridge toll plaza. (Justin Sullivan/Getty Images)

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

As North Carolina Prepares for New Tolls, Opponent Decries ‘Caste System’

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.

Full story

July 18, 2014

For ‘P3s,’ Still Some Confusion About What’s Public And What’s Private

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.

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July 17, 2014

For Infrastructure Funding, Tolls Remain a Steep Challenge in Some Places

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.

Full story

As Investors, Officials Meet, a Warning Note on Public-Private Deals

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.

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Obama Pushes Public-Private Partnerships as One Infrastructure Funding Solution

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.

Full story

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