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Tag Archives: PPP

New Guidance for Transparency in “Best Value” Procurements

Posted in News, PPPs

“Best value” procurements are sometimes criticized as involving a “black box” decision-making process.  A recent report issued by the National Cooperative Highway Research Program (“NCHRP”) discusses practices to increase transparency in such procurements.  The report is NCHRP’s latest installment of its “Synthesis of Highway Practice,” issued on March 5, 2015.  A resource for public agencies,… Continue Reading

Arizona Department of Transportation Shortlists Three Teams for the South Mountain Freeway P3 Project

Posted in PPPs

The Arizona Department of Transportation (“ADOT”) announced today it has shortlisted three developer teams vying for the $1.9 billion design-build-maintain contract for the Loop 202 South Mountain Freeway Project.  The three multidiscipline teams, in alphabetical order, are: Connect 202 Partners  Fluor Enterprises Inc. Granite Construction Co. Ames Construction Inc. Parsons Brinckerhoff Inc. DBi Services LLC… Continue Reading

Will we see a trend for direct pension fund investment in US greenfields infrastructure?

Posted in PPPs, Tollroads/ Turnpikes/ Managed Lanes

Although historically the investment profile for pension funds has focused on established brownfields assets, the Canadian Pension Plan Investment Board (CPPIB) has recently invested $525 million AUD into the greenfields NorthConnex road tunnel in Sydney, Australia in partnership with experienced road operator Transurban and the Queensland Investment Corporation (QIC). CPPIB’s investment comes hot on the… Continue Reading

Florida Governor Rick Scott Breaks Ground on I-4 Ultimate Project

Posted in PPPs, Tollroads/ Turnpikes/ Managed Lanes

Florida Governor Rick Scott broke ground yesterday on the I-4 Ultimate Project, which will rebuild I-4 in metro-Orlando.  The Project involves the reconstruction of 21 miles of I-4 from west of Kirkman Road in Orange County to east of State Road 434 in Seminole County and promises to bring much needed relief to one of… Continue Reading

University of California Shortlists Three Teams for UC Merced 2020 Project

Posted in PPPs, Social Infrastructure

The Regents of the University of California (the “Regents”), on behalf of the University of California, Merced (UC Merced), announced today that three teams have been shortlisted to submit detailed proposals for the Request for Proposals (RFP) phase of the UC Merced 2020 project. The three shortlisted teams and their equity members are (in alphabetical… Continue Reading

Availability Payment or Toll Concession: Is there a hybrid approach?

Posted in Financing, PPPs

At the TRB P3 Subcommittee meeting on January 12, 2015, among the topics discussed is the growth in the U.S. P3 market of the availability payment approach and less use of toll concessions.  Availability payment contracts have the advantage of lowering financing costs, incentivizing high quality performance and keeping toll setting authority with the public… Continue Reading

Benefits of P3 Model – Rebuttal of Ontario Auditor General’s Report

Posted in News

Guest post by Mark Romoff, President and CEO, The Canadian Council for Public-Private Partnerships On December 9, 2014, Ontario’s Auditor General released her 2014 Annual Report, sharply criticizing Ontario’s Alternative Financing and Procurement (AFP or P3) program and suggesting a return to using the traditional method of delivering public infrastructure to achieve savings in taxpayer… Continue Reading

Emerging Trends in Project Delivery: Design-Build-Maintain Contracting for Surface Transportation Projects

Posted in PPPs

In the modern U.S. history of public-private partnerships, the prevailing project delivery models have been the toll concession and the availability payment contract.  In both cases, the private party raises equity and debt financing and takes responsibility and risk for completing design, constructing and providing long-term operations and maintenance.  The major difference between the two… Continue Reading

Preferred Offeror Named on Marion County Consolidated Justice Center Project

Posted in Social Infrastructure

City of Indianapolis Mayor Greg Ballard announced today that WMB Heartland Justice Partners was selected as the Preferred Offeror to design, build, finance, operate and maintain the new Marion County Consolidated Justice Facility.  WMB Heartland Justice Partners is comprised of equity members Walsh Investors, LLC, Meridiam Infrastructure Indy Justice, LLC, and Balfour Beatty Investments, Inc…. Continue Reading

South Mountain Freeway Project Receives Five Statements of Qualifications

Posted in PPPs

The Arizona Department of Transportation received on December 10 statements of qualifications from five teams vying for a design-build-maintain contract for the $1.9 billion Loop 202 South Mountain Freeway Project.  The submitting teams are: 1.  Connect 202 Partners Fluor Entreprises Inc. Granite Construction Co. Ames Construction Inc. Parsons Brinckerhoff Inc. DBi Services LLC 2.  South… Continue Reading

Best Practices for Public Building P3 Projects: What Works and What Doesn’t?

Posted in Social Infrastructure

The Performance Based Building Coalition (PBBC) and the National Council for Public-Private Partnerships (NCPPP) together hosted the P3s for Public Buildings Summit in Miami on November 17 and 18, 2014. One of the panels formed for the Summit reviewed “Best Practices for Public Building P3 Projects: What Works and What Doesn’t?” The panel was skillfully… Continue Reading

Maryland Jurisdictions Expanding P3 Strategies Despite Political Uncertainty

Posted in PPPs, Water

Despite perceived uncertainty as to the future of two, prominent transportation P3 projects, it appears that jurisdictions within Maryland are looking to P3 structures to solve a wider array of infrastructure issues in the state. Prince George’s County, one of Washington, D.C.’s Maryland suburbs, recently entered into a first-of-its-kind stormwater P3 with a subsidiary to… Continue Reading

EPA Presents WIFIA Listening Sessions in Los Angeles

Posted in Financing, Water

The Environmental Protection Agency (EPA) is currently holding a roadshow of listening sessions across the US to provide information on the Water Infrastructure Finance and Innovation Act (WIFIA) and its proposed five-year pilot program to provide an alternative funding source for a variety of water infrastructure projects. The EPA presented in Los Angeles on October… Continue Reading

NCPPP and PBBC Host First P3s for Public Buildings Summit

Posted in PPPs

The inaugural P3s for Public Buildings Summit will be held on November 17-18, 2014 at the Hyatt Regency in Miami, FL. The summit will be hosted by the National Council for Public-Private Partnerships and the Performance Based Building Coalition. The summit will explore ways that P3s can be developed and implemented to replace the nation’s… Continue Reading

House Transportation & Infrastructure Committee’s Panel on Public-Private Partnerships Release Recommendations

Posted in Policy, PPPs

On September 17, the House Transportation & Infrastructure Committee’s Panel on Public-Private Partnerships (P3s) released its report and recommendations.  The group, empaneled in February of this year, was tasked with examining “issues regarding public-private partnerships across all aspects of the Committee’s jurisdiction.”  The panel held two hearings and seven roundtable discussions in addition to other… Continue Reading

OCTA 91 Express Lanes Bonds Get 2 A’s from S&P

Posted in Financing, Tollroads/ Turnpikes/ Managed Lanes

In an historic move, Standard & Poor’s upgraded the Orange County Transportation Agency SR91 Express Lanes Toll Revenue Bonds to “AA-”, making it one the highest rated managed lanes projects in the world.  The bonds were issued last year to refund bonds that were issued in 2003 when OCTA acquired the SR91 Express Lanes project… Continue Reading

Port of Miami Tunnel Open for Traffic

Posted in PPPs, Tunnels

On August 3, 2014, the Florida Department of Transportation (FDOT) and the Port of Miami achieved an important milestone when the est. $1 billion Port of Miami Tunnel opened for traffic.  The project consists of twin tunnels under Biscayne Bay linking Port facilities on Dodge Island with a widened MacArthur Causeway and I-395.  One of… Continue Reading

Six Teams Submit SOQs for UC Merced 2020 P3 Project

Posted in Financing, PPPs, Social Infrastructure

The Regents of the University of California (the “Regents”), on behalf of the University of California, Merced (“UC Merced”), announced on August 1, 2014 that it received Statements of Qualifications (SOQs) from six teams in response to a Request for Qualifications for the UC Merced 2020 P3 Project. The respondents and their equity members are… Continue Reading

EPA Won’t Require Formal Rulemaking for WIFIA Program

Posted in PPPs

During the “Use of WIFIA” breakout session at the NCPPP P3 Connect conference this week in Denver, Elizabeth Corr, Associate Division Director for the EPA, confirmed that the agency will not need to complete the formal federal rulemaking process to implement the Water Infrastructure Finance and Innovation Act.  The Act, or WIFIA, was recently enacted… Continue Reading

President Unveils Build America Investment Initiative Today

Posted in Financing, Policy, PPPs

President Barak Obama today announced the Build America Investment Initiative (the “Initiative”).  According to the Fact Sheet released by the White House in advance of the announcement, the purpose of the Initiative is to “increase infrastructure investment and economic growth by engaging with state and local governments and private sector investors to encourage collaboration, expand… Continue Reading

Study Finds San Francisco Veterans Administration Medical Center is Prime Candidate for P3 Delivery Method

Posted in PPPs

According to a recently released study by the Bay Area Council Economic Institute, a public-private partnership (P3) may be the most effective method to deliver a proposed expansion of the San Francisco Veterans Administration Medical Center (SFVAMC) – but there are some barriers that need clearing.  The SFVAMC is a leading Veterans Administration (VA) medical… Continue Reading

House Transportation Committee Establishes Panel on Public-Private Partnerships

Posted in Policy

House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) and Ranking Member Nick Rahall (D-WV) announced the creation of a special committee panel to examine public-private partnerships (P3s) in the United States.  This panel will inform the Committee’s work this year on reauthorizing surface transportation programs and other legislative activity. Committee Vice Chairman John J…. Continue Reading

Maryland Purple Line P3 Project Receives Qualifications from Six Teams

Posted in Rail and Transit

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,… Continue Reading