Presidio Parkway Reaches Two Important Milestones

California's first public-private partnership procurement has passed two major hurdles in the last week.  First, after a long anticipated and much-debated hearing, the California Transportation Commission approved the San Francisco Presidio Parkway Project last week on an 8-3 vote.

Second, on May 25, the California Department of Transportation released the draft request for proposals to design, build, finance, operate and maintain the Presidio Parkway.  The project, sponsored by Caltrans and the San Francisco County Transportation Authority, is being closely watched because it is the first P3 project under the new Section 143 of the California Streets & Highways Code, which permits Caltrans and regional transportation agencies to work with the private sector in developing transportation facilities in the state (for more about Section 143, see 'California Passes First Significant Transportation PPP Law in 20 Years').

The CTC vote was a topic of discussion at the California Public Infrastructure Advisory Committee meeting this week, which preceded the Public Infrastructure Financing Forum held at the California Science Center in Los Angeles.

Caltrans plans to issue the final RFP on June 29, 2010.


 

West by Northwest Project to Jump Start Georgia's Economic Recovery

A recent independent report on the Georgia Department of Transportation’s West by Northwest Project indicates that the project will result in significant economic benefits to the Atlanta region and statewide. Prepared by the Fiscal Research Center at Georgia State University, the report focused on the short-term effects of the project and found:

  • The project will result in an estimated 9,705 private sector jobs in Georgia (including 9,169 jobs in the Atlanta metro region) that would not otherwise exist;
  • The project will generate over $528 million in additional income in the state of Georgia and an additional $507 million in the Atlanta metro area;
  • The project will increase the total economic output in the Atlanta metro area by more than 57%.

A full copy of the report is available from the Fiscal Research Center, which frequently writes about the economic implications of policies and public sector projects of significance to the state.

The West by Northwest Project is the first of several P3 projects in the pipeline for the state. GDOT issued a Request for Qualifications for the project earlier this month, and is expected to shortlist proposers next week.