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Tag Archives: Virginia

Virginia Releases Draft P3 Pipeline for 2013 for Industry Comment

Posted in PPPs

After achieving several P3 project milestones and awards in 2012, Virginia’s Office of Transportation Public-Private Partnerships (OTP3) on behalf of the Commonwealth of Virginia released a draft document entitled “2013 Virginia PPTA Project Pipeline” for public comment.  The document identified the following 10 projects as potential P3 projects to be procured under Virginia’s Public-Private Transportation… Continue Reading

Virginia Releases P3 Public Outreach Materials

Posted in PPPs

A key element of a successful P3 program is an effective and comprehensive public outreach strategy.  Demonstrating why Virginia remains a leader in closing P3 transportation deals, the Virginia Office of Transportation Public-Private Partnerships (OTP3) recently prepared a variety of fact sheets, presentations and FAQs focusing on different aspects of P3s in Virginia.  The materials… Continue Reading

ARTBA Announces Recipients of 2012 P3 Awards

Posted in Firm News, PPPs

On October 10 through 12, the American Road & Transportation Builders Association (ARTBA) held their 24th Annual Public-Private Partnerships in Transportation Conference in Washington, DC.  Each year during this conference, the ARTBA P3 Division honors two individuals, one public sector and one private sector, for their exemplary contributions to the transportation industry.  This year we… Continue Reading

Virginia DOT Reaches Financial Close on Midtown Tunnel Project

Posted in Tunnels

The Virginia Department of Transportation and Elizabeth River Crossings Opco LLC (“ERC”) reached financial close on a toll concession public-private partnership ("PPP") for the $2.1 billion Midtown Tunnel Project.  It is the first United States transportation PPP to reach financial close in 2012 and will include construction of a new Midtown Tunnel, rehabilitating the existing Midtown… Continue Reading

USDOT Announces TIGER III Grantees

Posted in Financing

This morning, U.S. Department of Transportation (USDOT) Secretary Ray LaHood announced the winners of the extremely competitive TIGER III grant application cycle.  Forty-six projects in 33 states will share $511 million in grant funds.  The announcement was made several months earlier than the originally scheduled date. As has been the case with the previous two… Continue Reading

VDOT’s Midtown Tunnel Project Targets Financial Close By Year’s End

Posted in Tunnels

During a July 20, 2011 presentation before the Commonwealth Transportation Board, the Virginia Department of Transportation reported that VDOT reached agreement on major business terms with Elizabeth River Crossings LLC for the design, construction, financing, operations and maintenance of the Midtown Tunnel Project in the Portsmouth and Norfolk area.  As a result of this major… Continue Reading

IBTTA Presents: Rebuilding America’s Interstate Highway System

Posted in Policy

The International Bridge, Tunnel and Turnpike Association (IBTTA) is hosting a free panel on "Rebuilding America’s Interstate Highway System" on June 21 from 8-10:30am ET. The program, which will be held at the Information Technology and Innovation Foundation in Washington, DC, will also be broadcast live over the Internet for those who cannot attend in… Continue Reading

I-395 HOT Lanes Project Stymied by Arlington Lawsuit

Posted in PPPs, Tollroads/ Turnpikes/ Managed Lanes

Arlington County is seeking to delay (or possibly derail) a project designed to ease congestion and add new lanes to Northern Virginia’s clogged 95/395 corridor.  Arlington has challenged the Categorical Exclusion (CE) granted by the Federal Highway Administration (FHWA), which allowed the project to move forward without a full environmental analysis. Arlington is concerned that… Continue Reading