Posts from December 2013
Posted in Policy

Posted by guest blogger William Moore.

William Moore of Vianovo works with the Transportation Transformation Group,  a consortia of public and private entities that looks at ways of improving the funding and financing of the nation's transportation infrastructure, which is co-chaired by Nossaman Partner Geoffrey Yarema.

Don’t let anyone tell you the Bipartisan Budget Agreement (BBA) enacted this week by Congress and President Barack Obama is good for transportation. The BBA rolls back the sequester of discretionary spending scheduled for 2014 and 2015 and increases ...

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Tags: Policy

On Saturday, December 21, the Metropolitan Transit Authority of Harris County (METRO) celebrated the opening of the North Line in Houston, Texas.  The 5.3-mile northern extension of METRO’s Red Line includes eight new stations and connects the University of Houston-Downtown and the Northline Commons Mall, making the entire Red Line nearly 13 miles.

The opening of the first new rail line in 10 years is going to bring "positive changes for the community," interim METRO president Tom Lambert said.  As the first to serve residential neighborhoods, the line will allow METRO "to see how we ...

The Maryland Department of Transportation and Maryland Transit Administration (MDOT/ MTA) announced on December 11, 2013 that six private-sector teams responded to a Request for Qualifications to design, build, construct, finance, operate and maintain the Purple Line project.  The list of proposer teams is included in the joint press release.

The 16-mile light rail line, which will be constructed under Maryland’s newly adopted Public-Private Partnership law, runs between Bethesda in Montgomery County, Maryland and New Carrollton in Prince George’s County, Maryland.  ...

Posted in P3s

Recognizing the innovative P3 approach to project delivery and financial structure for a major US infrastructure project, the Bond Buyer awarded the Indiana Finance Authority's private activity bonds for the East End Crossing the Deal of the Year Award at its annual event held at the Waldorf Astoria hotel in New York City.  Notably, this is the first P3 transaction to win the award.

The $1.2B East End Crossing, a portion of the $2.6B Ohio River Bridges project, one of the largest transportation undertakings in the U.S. and the first availability payment P3 for the Indiana Finance ...

Posted in Bridges

The New York State Thruway Authority has received federal approval of a 35-year low interest loan for the $4.8 billion Tappan Zee bridge replacement project through the federal government’s Transportation Infrastructure Finance and Innovation Act (TIFIA).  As previously reported, the Authority originally applied for credit assistance for up to 49% of eligible project costs under the expanded MAP-21 TIFIA credit assistance program.  The final loan amount only covers 33% of eligible project costs, but is still the largest award in the history of the TIFIA program.  The ...

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