Governing » The need is indeed enormous. The American Society of Civil Engineers has graded the nation’s infrastructure as a D+ and warned that its deterioration is harming the nation’s ability to compete in the global economy. In the early days after Trump’s inauguration, Republican strategist Steve Bannon predicted that infrastructure would give the president an added bonus, the key to “an entirely new political movement, as exciting as the 1930s,” even “greater than the Reagan revolution.” It was such a good idea, the White House believed, that Trump’s team boosted the target to $1.5 trillion. But nearly two years after the election, the plan is by all reports dead. Everyone seems to love the idea of investment in infrastructure, but no one has figured out how to pay for it.
Global News Canada » The contract was awarded through a so-called integrated project delivery (IPD) model, believed to be a first in North America. Unlike traditional design-build models, the IPD team brings together the bridge designer/contractor and the bridge’s owner, plus city experts, to develop goals at the project’s outset, share information and accept their responsibilities as equal partners.
Engineering News-Record » More than halfway through 2018, there have been just 19 transactions in the P3 sector worth about $7.6 billion compared to last year, when investors completed 94 deals totaling about $36.6 billion, Pitchbook says. Most investment is not channeled to U.S. public infrastructure most in need, says Bloomberg, contending that assets already in private hands, such as electric utilities, gas pipelines and cell towers, are the biggest beneficiaries.
World Highways » A partnership including Fluor Canada and ACS Infrastructure Canada has been chosen to design, build, finance, operate and maintain the Gordie Howe International Bridge project. Initial cost for the entire project was around US $1.5 billion but is now upwards of $3.7 billion. The Canadian government, which is building the bridge without US funding, estimates that toll revenue will be around $23 billion over the 30-year contract. Nonetheless, cost concerns for the new bridge are rising, as is the price tag.