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Infra Insight Blog Law & Policy

Tag Archives: Tunnel

Ohio River Bridges – East End Crossing – Reaches Commercial Close

Posted in Bridges

On December 27, 2012, the Indiana Finance Authority (“IFA”) achieved commercial close of the East End Crossing project in southern Indiana, part of the broader Louisville-Southern Indiana Ohio River Bridges Project.  WVB East End Partners, LLC (“WVB”), is the private counterparty for the East End Crossing project under an availability payment concession, a first for… Continue Reading

A Tale of Two Bridges (A Tale of Bi-State Cooperation)

Posted in Bridges

On November 16, 2012, the Indiana Finance Authority (“IFA”) selected WVB East End Partners (“WVB”) as the “Preferred Proposer” for IFA’s East End Crossing project in southern Indiana.  WVB East End Partners is a joint venture consortium of Walsh Investors, LLC, VINCI Concessions S.A.S. and Bilfinger Berger PI International Holding GmbH, partnering with Walsh Construction… Continue Reading

Indiana Selects Preferred Proposer For East End Crossing (Ohio River Bridges Project)

Posted in Bridges

On November 16, 2012, the board of the Indiana Finance Authority (“IFA”), with Governor Daniels in attendance, based on the recommendation of Kendra York, IFA’s Public Finance Director, approved the preliminary selection of WVB East End Partners as the preferred proposer for the East End Crossing project, Indiana’s second foray into public-private partnerships as a… Continue Reading

A Look At 2009′s Major US P3 Transactions

Posted in Design-Build, Ports, PPPs, Tollroads/ Turnpikes/ Managed Lanes

“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… Continue Reading

Port of Miami Tunnel: Digging Through Novel Risks

Posted in PPPs

The closing of the Port of Miami Tunnel Project deal was just short of miraculous, given the tight financial markets and the political ups and downs of the project procurement. Novel risk allocations helped ensure the success of the deal. The current issue of Public Works Finance includes an excerpted discussion of the risks and the way… Continue Reading

Florida Department of Transportation Closes $900 million Port of Miami Tunnel Project PPP

Posted in Financing, Ports, PPPs, Tollroads/ Turnpikes/ Managed Lanes

The Florida Department of Transportation (FDOT), announced at a press conference in Miami today that it has reached financial close on the Port of Miami Tunnel Project.  FDOT, in partnership with Miami-Dade County and the City of Miami, entered into an agreement with MAT Concessionaire, LLC (MAT) which includes Meridiam Infrastructure Finance, S.a.r.l. and Bouygues Travaux… Continue Reading