Engineering News-Record » According to a Pennsylvania Dept. of Transportation statement, the $899-million public-private partnerships’ 390th bridge was opened during the final week of 2017, leaving 168 structures still in need of upgrades. PennDOT cites higher costs, right-of-way access and issues related to utility coordination for slowing progress but insists the program has been successful in clearing […]
NBC15 » The price tag for the project is now up to $2 billion for the bridge and 1-10 Bayway expansion. That’s $2 billion the state doesn’t have. So ALDOT is relying on a public-private partnership. And yes, that will mean tolls. Construction is slated to start next year. Who will build it has yet to be […]
CNBC » Trump’s ambitions for infrastructure spending will likely meet resistance from House conservatives. “The president’s inclination is just ‘spend money,’ while the House is more talking about public-private partnerships,” an administration official says.
The Journal News » Gov. Andrew Cuomo this week pledged to continue pursuing a long-discussed plan to build a tunnel from Long Island to Westchester or Connecticut. But it won’t come cheap, according to a state-funded study released Friday. An 18-mile tunnel from Rye or Port Chester in Westchester to Syosset on Long Island would cost […]
AuburnPub.com » Out with the old, clunky toll barriers. In with modern technology. That’s New York Gov. Andrew Cuomo’s goal for the New York State Thruway over the next few years. By 2020, he wants to have cashless tolling in place for motorists.
Reuters » China’s insurance regulator issued a notice on Friday banning insurers’ asset management arms from using private equity investment schemes as a channel to increase local government debts. The government is targeting public-private-partnership, or PPP, projects, which funnel private money into infrastructure such as bridges and toll ways in the form of equity. Some PPP projects, […]