The New York Times » Long before the Morandi Bridge collapsed in Genoa, Italy, last year, killing 43 people, an economics professor named Marco Ponti took aim at the private company that managed the structure, raising two fundamental concerns. One was money. Mr. Ponti argued that Autostrade per l’Italia, or Highways for Italy, which managed the bridge […]
Equipment World » The project, expected to be completed in late 2021, adds toll lanes, and aims to improve traffic flow and expand capacity.
NJ.com » Gateway Tunnel funding continued to move through Congress as a key Senate committee approved money for the project despite President Donald Trump’s opposition to the project. The Senate Appropriations Committee approved a $71.4 billion funding bill for the 12 months beginning Oct. 1 that includes at least $2.5 billion for Amtrak and railroad grants.
Construction Dive » The Federal Transit Administration has announced its intention, through a notice in the Federal Register, to implement a new rule meant to remove any barriers that might be preventing private-industry investment in U.S. public transportation infrastructure projects. The new rule, dubbed Private Investment Project Procedures, will go into effect June 29.
Transport Topics » Echoing the tenets of the infrastructure proposal, Chao emphasized the need for public-private partnerships, or P3s, to complete infrastructure projects. Her remarks come just days after White House Press Secretary Sarah Sanders announced that President Donald Trump’s infrastructure package is unlikely to advance this year.
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.