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Posts in "Public-Private Partnerships"
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.
When members of the House Transportation and Infrastructure Committee conferred with investment bankers in New York on Monday, one question they wrestled with was how to compare the cost-effectiveness of traditional infrastructure investment (states or other government entities issuing bonds to pay for projects) with public-private partnerships — PPPs or P3s — that give private investors stakes in toll roads and other projects.
June 16, 2014
NEW YORK — When members of the House Transportation Committee trekked this morning to Manhattan for a roundtable discussion on private financing for public projects — also known as public-private partnerships, or P3s — with financiers from J.P Morgan and other firms, they got a message of both opportunity and caution.