Hot on the heels of the financial close of the Presidio Parkway, the first California transportation public-private partnership (P3) availability payment deal and only the fourth in the United States, Federal Highway Administration’s (FHWA) Office of Innovative Program Delivery has issued guidance regarding the eligibility of periodic availability payments for reimbursement from federal aid funds. Federal-Aid Funding and Availability Payments
Recognizing that availability payment concessions can offer the benefits of enhanced performance and project cost savings ...
The California Department of Transportation (Caltrans), in cooperation with the San Francisco County Transportation Authority, reached financial close on the Presidio Parkway Project public-private partnership (P3). The $1.1 billion deal is the first transportation P3 in California under the recently enacted P3 statute, Streets and Highways Code section 143, and only the third highway project developed through an availability payment structure.
Caltrans entered into an agreement with Golden Link Concessionaire, LLC, a consortium led by Hochtief PPP Solutions North ...
On July 9, LA Metro is hosting an Industry Outreach Workshop to accelerate PPP delivery of six highway improvement projects in Los Angeles County known as the Highway Goods Movement Package. The workshop is being held at Metro’s Gateway Building headquarters where there will be a 2-hour presentation in the morning detailing the six projects, followed by one-on-one meetings with Metro representatives.
You can RSVP to Metro’s Public-Private Partnership Program Manager Kathleen Sanchez at SanchezK@metro.net. Here are the details:
One Gateway ...
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