USDOT Announces $1.5 Billion in TIGER Grants – $60M in TIFIA Allocations
On February 17, the one year anniversary of the landmark American Recovery and Reinvestment Act, USDOT announced the final list of TIGER grant recipients. Grants range in size from $3.15M for a roadway rehabilitation/reconstruction in Burlington, VT to a $105M grant for construction of two new intermodal facilities in Memphis, TN and Birmingham, AL to support freight rail service from the Gulf Coast to the Mid-Atlantic.
When combined with state and private funds, the TIGER funds will support ...
On February 11, 2010, the Georgia Department of Transportation (GDOT) posted a Notice of Intent to Issue a Request for Qualifications for the West by Northwest Project. The notice of intent marks the initiation of GDOT's first P3 project under its new P3 program. The notice of intent, is available on online at http://ssl.doas.state.ga.us/PRSapp/PublicBidNotice?bid_op=1048400NOI-484-050310P3. GDOT intends to award a concession to design, construct, finance, operate and maintain a 29-mile segment of managed lanes along I-75 and I-575, as well as enter into a ...
Yesterday the California Department of Transportation, in cooperation with the San Francisco County Transportation Authority, issued a Request for Qualifications for a public-private partnership for the Presidio Parkway project (also known as the Doyle Drive replacement project) in San Francisco. The RFQ is available at: http://www.bidsync.com/DPX?ac=view&auc=610389
This is the first procurement initiated under the new public-private partnership law in California, SB4, codified at Section 143 of the Streets and Highways Code.
Under Section 143, the project must be ...
It was the best of times, it was the worst of times… Dickens could have been describing 2009, as the P3 market continued to look strong, notwithstanding the economic downturn. Last year three significant P3 deals reached financial close in the United States: in March the I-595 in Florida, in October the Port of Miami Tunnel also in Florida, and mid-December the North Tarrant Express in Texas. All were remarkable in their own right, and cumulatively earned Nossaman the top spot in Infrastructure Journal’s league tables in the North American Transport P3 legal advisor category.
We take a look back at what made the deals remarkable and what 2010 might bring…
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