Michigan DOT hopes for P3 law this year to allow new Detroit River toll...
Michigan DOT say they expect to have a law in place for a P3 concession to build a new international toll bridge over the Detroit River before the end of the year. HB4961 is the bill. The Canadians...
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South Bay Expressway company files for bankruptcy in San Diego
South Bay Expressway (SBE) company filed for a reorganization in Chapter 11 US bankruptcy this week, writing off around $200m in shareholder equity. The equity held by Macquarie Atlas Roads in...
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Oregon businessman, engineer developing P3 for I-5 to 99W connector
A group of local businessmen, engineers and roadbuilders in Oregon are developing an approximate 20km (12 mile) $350m to $400m tollroad project designed to improve connections between Portland and the...
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Dallas LBJ/I-635 toll lanes go to financial close at last - $2.7b raised
The TX/I-635 LBJ Freeway toll lanes has gone to financial close, so - at last - construction can begin. Good news that a very large project, not without its risks, can still be financed in today's...
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NJ-PA's DRJTBC to concession out new I-95 Scudder Fall Bridge over Delaware...
A private concessionaire is almost certain to be sought now for a new bridge over the Delaware River at Scudder Falls a few miles upriver of Trenton NJ. The river is the boundary between Pennsylvania...
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Virginia receives three concept proposals for US460 as P3 project second time...
In a second go-around at doing a toll concession to build a US460 toll expressway Petersberg to Suffolk, Virginia DOT has received three "conceptual proposals." They made this announcement today but...
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Incoming Ohio Gov Kasich says looking at privatization of Turnpike - worth...
His staff are looking at privatization of the Ohio Turnpike, says incoming state governor John Kasich. But capital markets at this time may not support a good deal for the state, he's saying in answer...
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Puerto Rico advances P3 toll concession for PR22, PR5 (INTERVIEW)
David Alvarez head of the new Puerto Rico Public Private Partnerships Authority (PPPA) says they're excited to have tollroads in their first privatization.read more
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Four stalled toll projects in Virginia to get $1.5b boost from new Governor
Four stalled toll projects in Virginia will share in $1,500m in state funding, according to Virginia secretary of transportation, Sean T Connaughton. This is close to 40% of the $3,861m announced for...
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Toll lanes project northwest of Atlanta GA on I-75, I-575 seeks PPP bids
Georgia DOT are close to formally calling for proposals for toll or 'managed lanes' in the I-75/I-575 corridors northwest of downtown Atlanta. Their quiet procurement of a toll concessionaire has...
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Goldman Sachs-Abertis joint venture to run big Puerto Rico pike for $1.08b...
A Goldman Sachs, Abertis joint venture has been chosen with a bid of $1.08 billion by the state government of Puerto Rico as the preferred operator to run the PR22/PR5 toll road combo under a 40 year...
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Ohio Gov Kasich gets legislation to lease Turnpike - RFP must be OK'd
Ohio governor John Kasich is moving ahead with plans to lease the state Turnpike under a longterm toll concession contract. Enabling legislation passed as part of a budget House Bill 153 just ahead of...
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Goldman Sachs, Abertis close on 40 year $1,136m concession of Puerto Rico's...
The Puerto Rico government and a Goldman Sachs/Abertis joint venture called Metropistas have closed on a 40 year toll concession project for PR22 and PR5. The tollroads which currently generate about...
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Ohio short lists five as consultants in stage 1 of concessioning of the Turnpike
Ohio state officials have released the short list from which they'll choose their prime consultant for the concessioning of the Ohio Turnpike. The five are:- Citigroup Global Markets- KPMG Corporate...
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KPMG chosen to study future of Ohio Turnpike
KPMG the large Swiss-based international accounting and management consulting firm has been selected by the Ohio state DOT to conduct a study of alternatives to the state turnpike commission for...
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Missouri DOT pushing to rebuild, modernize, widen 200 miles of I-70 with toll...
Missouri department of transportation (MoDOT) is pushing the state legislature to support their move to get 200 miles, 320km of MO/I-70 rebuilt and widened with a longterm toll concession or public...
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Virginia moves on toll concessions to build NoVA/I-95 toll lanes, upgrade 3...
Virginia governor Bob McDonnell this week announced big progress on two major toll concessions: $1.7 billion of investment by Macquarie and Skanska to enhance three key tunnels under the estuarial...
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Georgia shocks investor groups with late stage cancellation of procurement...
Georgia generated shock waves in infrastructure investment circles with an announcement last night that it was canceling the managed or toll lanes procurement for GA/I-75 and I-575 to the northwest of...
View ArticleDems in US Senate to push anti-P3 bill
S1230 "Protecting Taxpayers in Transportation Asset Transfers Act" is being pushed by Democrats in the US Senate. It's a bill that seems likely to seriously handicap any state efforts to concession out...
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Maryland toll authority to sign 35 year $180m/$198m PV concession on I-95...
The board of directors of Maryland Transportation Authority (MdTA) operator of the I-95 Kennedy Highway Toll Road has approved signing of a 35 year concession on its two service plazas. The selected...
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TxDOT drops P3 concession on Grand Parkway TX99 for design-build
Texas DOT has announced it is dropping the toll concession approach for the next stage of the Grand Parkway (TX99) north of Houston in favor of taking the traffic and revenue risk itself and using a...
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23 miles Denver-Boulder toll/transit lane concession sought by Colorado DOT
Colorado DOT's tolling arm HPTE has issued an RFQ for a toll concession on 23 miles, 37km of I-25 and US36 Denver-Boulder. The concession is to toll and operate a mix of existing HOT lanes (carpoolers,...
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Colorado seeking competitors to Parsons road/transit proposal for I-70 in...
Colorado DOT and a so called High Performance Transportation Enterprise of the state are seeking private sector proposals for improving travel in the I-70 Mountain Corridor west of Denver toward...
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Elizabeth River Crossings now running Downtown, Midtown Tunnels in Norfolk VA
2012-07-21: Since July 13 Elizabeth River Crossings OPCO LLC (ERC) has been running the Downtown and Midtown Tunnels under the estuarial Elizabeth River on the westside of downtown Norfolk Virginia....
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TXDOT moving ahead for toll concession on SH183/Airport Freeway from Dallas...
2012-08-14: Texas DOT has a request for qualifications from teams interested in a toll concession for upgrading another 9 miles of SH183 Airport Freeway in Dallas County from SH161 near the airport...
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Texas SH130/5&6 to open by mid-November - 41 mile toll concession
By mid-November motorists will have a new highspeed route between San Antonio and Dallas bypassing the I-35 congestion in the Austin area. Segments 5 and 6 of Texas SH130 will open late in the fall...
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Tollways grow around Texas' Austin-Bergstrom airport - TX71 and 183S
2013-03-05: Tollways are now being developed on several approaches to Austin Bergstrom Airport. TxDOT has said it will sponsor a short 2 mile tollway outside the Airport in the median of Texas State...
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Maryland's premier pike - the JFK Highway I-95 - is the key to state's...
2013-03-08: Legislators in Maryland have filed bills to privatize via longterm P3 concession the Intercounty Connector (ICC) and the I-95 toll express lanes.read moreAdvertisement:
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Reason stresses the positive in Indiana Toll Road concession deal
2013-06-09: Indiana Governor Mitch Daniels did a great deal for state taxpayers and motorists in the mid-2006 deal to transfer the state's big Toll Road to a concession business, according to a...
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North Tarrant Express project in Dallas TX does $-close on segment 3A
NTE Mobility Partners-3 have gone to financial close in segment 3A of the North Tarrant Express project, one of several multi roadway, multi lane, multi interchange projects expanding the capacity and...
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