Augusta Free News » Governor Terry McAuliffe today announced that the United States Department of Transportation issued its approval to provide a $1.2 billion Transportation Infrastructure Finance and Innovation Act loan for the I-66 Outside the Beltway public-private partnership transportation project.
Construction Equipment Guide » The announcement officially begins the process to solicit the Public-Private Partnership (P3) industry for major congestion relief plans for three key transportation routes. With the total project estimated value at $9 billion, the P3 portion to add four new lanes on both I-495 and I-270 is the largest proposed P3 highway project in North America.
Washington Examiner » The top Democrat on the House Transportation and Infrastructure Committee recently became a beneficiary of President Trump’s lurch toward bipartisanship. Rep. Peter DeFazio, of Oregon, met with D.J. Gribbin, Trump’s special assistant for infrastructure policy, shared beers on the patio outside the lawmaker’s office to talk about roads and bridges for an hour.
Bloomberg » Donald Trump’s infrastructure guru spent part of Sept. 26 at a conference in Washington promoting the president’s $1 trillion plan to rebuild the nation’s crumbling roads, bridges and airports relying in part on public-private partnerships. The same day, across town, Trump was telling lawmakers that those kinds of deals don’t work.