American Prospect » When the public sector fails to transfer enough risk to private entities or fails in its own oversight obligations, a P3 can suck government – and taxpayers — into a fiasco that costs far more than if the project was delivered through traditional means.
Press Release / CityBizList.com » The 22.5-mile project’s money mix includes a $1.229 billion federal loan backed by taxpayer funds.
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.
Corpus Christie Caller-Times » The Harbor Bridge in Corpus Christie will use a segment design using 2,600 concrete pieces made and inspected in molds near the site and then put together like a giant Lego 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 […]
The Charlotte Observer » The North Carolina House of Representatives passed House Bill 954 to terminate the contract with I-77 Mobility Partners. The $660 million project would add toll lanes but would prohibit the state from adding free lanes to the Interstate for 50 years. The State Senate rejected the bill. Currently under construction, completion of […]