HPMG News » China’s finance ministry has ordered an overhaul of its existing public-private partnership (PPP) projects and tightened approval rules for new ones, as Beijing has grown increasingly concerned about rising hidden debt risks from potential abuses of the program. The nation’s aggressive PPP boom since 2014 is now alarming authorities who say some local governments are using public-private partnerships, government investment funds and government procurement services as “disguised channels” for raising debt.
Bethesda Magazine » Maryland Transportation Secretary Pete Rahn on Thursday revealed more information about Gov. Larry Hogan’s proposal to add capacity to congested highways in Montgomery County. Rahn said the state is pushing to add four toll lanes to the entire Capital Beltway and Interstate 270 through a public-private partnership. The private partner would figure out how to pay for an estimated $7.6 billion project to add the lanes to the two highways through toll revenue.
Nineteen charged for alleged roles in false concrete tests over Hong Kong-Zhuhai-Macao Bridge Project
Hong Kong Independent Commission Against Corruption » Nineteen former laboratory staff of a contractor of the Civil Engineering and Development Department (CEDD) have been charged by the ICAC today (November 15) in two cases for their alleged roles in producing false concrete compression tests for the Hong Kong-Zhuhai-Macao Bridge Project.
Roads & Bridges » The state’s 10-cents-per-gallon gas tax increase has been in place for a few years and has produced an extra $515 million for state and local governments to put toward fixing Iowa’s roads and bridges. As a result, hundreds of road and bridge construction projects have been green-lit, in either new letting or accelerated schedules.