The President unveiled details of his historic infrastructure plan this morning, proposing the largest infrastructure investment in U.S. history.
The President’s proposal, titled the American Jobs Plan, requests roughly $2 trillion in total federal funding and financing tools over the next eight years:
- $621 billion for transportation infrastructure and resilience, including:
- $115 billion for bridges, highways, roads and main streets
- $20 billion for road safety
- $85 billion for transit
- $80 billion for Amtrak
- $174 billion for electrifying vehicles
- $25 billion for airports
The State of Delaware and a subsidiary of Gulftainer Company Limited (Gulftainer) have finalized a concession agreement for the operation and further development of the 100-year-old Port of Wilmington (Port).
While the concession agreement signed on September 18, 2018 is not publicly available, it is expected, based on deal terms described in Port documents submitted in support of approval of the P3 transaction, that the agreement grants Gulftainer exclusive rights to manage the Port for a 50-year term. In return, Gulftainer agrees to invest up to $584M in the Port in the first ...
The Port of Vancouver USA and its rail partners BNSF Railway and Union Pacific Railroad have substantially completed a $251M railroad access improvement project which significantly increases rail access in the port. The project creates a new rail entrance to the port, increases the port’s internal track miles from 16 to more than 50 (including a new loop track at the port’s Terminal 5 facilitating unit train transport) and increases rail capacity on BNSF and UPRR lines outside the port. According to port CEO Juliana Marler, the project reduces rail congestion on the mainline and ...
The American Association of Port Authorities (AAPA) recently released its State of Freight III – Rail Access and Port Multimodal Funding Needs Report. For its report, AAPA surveyed its members to determine what aspects of rail infrastructure ports most need.
We thought it would be informative to talk with John Young, AAPA’s Director of Freight & Surface Transportation's Policy, about the survey results and the report.
John, thank you for taking the time to speak with us. Can you please tell us a little bit about the AAPA?
AAPA represents 130 public port ...
A joint venture lead by Capital Development Partners, an industrial real estate and infrastructure development company, has begun construction on a $125 million logistics campus at the Port of Savannah in Georgia, known as the Savannah Port Logistics Center.
The 197-acre industrial campus will offer dual rail service by Norfolk Southern Railway and CSX Transportation. The site also will offer transload capability and more than 2,000 container storage positions, according to a Capital Development Parners press release.
The first building to be constructed as part of ...
Today, US DOT is formally announcing 26 INFRA grant award winners. The INFRA program is the Administration’s rebranding of the former FASTLANE grant program, authorized by the 2015 FAST Act. Both programs were intended to prioritize highway projects, although congestion-reducing rail and port infrastructure projects are eligible.
Among the 26 winners is the Philadelphia Regional Port Authority (PhilaPort), which received a $25.5M grant for a $110.5M project to improve the Packer Avenue Marine Terminal. The project will add capacity to modernize the Terminal, including ...
On January 22, the Port of Long Beach Board of Harbor Commissioners approved construction of an on-dock rail facility that will allow the faster movement of cargo with lower environmental impacts, port officials said in a press release.
The new Pier B on-dock facility will allow more containers to be placed directly on trains at marine terminals. Currently, the ability to build long trains within the Port is limited due to the lack of adequate yard tracks and the configuration of mainline tracks.
Because no cargo trucks are involved in these moves, the new facility will have ...
On November 12, during a keynote address at the annual convention of the American Association of Port Authorities in Houston, Vice President Biden issued a call to action for greater investment in U.S. port facilities.
We are investing less than one percent of our GDP in transportation infrastructure . . . ranking 28th in the world among advanced nations. That is simply unacceptable.
The Vice President stated that after years of underinvestment, more than $90 billion in port improvements are needed by 2020. In part, these improvements are needed to prepare for a significant increase ...
On Wednesday, the California Transportation Commission (CTC) approved the $950 million Gerald Desmond Bridge Replacement Project for one of 10 state project slots available under California’s Design-Build Demonstration Program.
The CTC’s approval authorizes the Port of Long Beach and the California Department of Transportation (Caltrans) to deliver the project using the best-value design-build method contemplated under the program. The Port of Long Beach and Caltrans released the request for qualifications (RFQ) for the project’s design-build contract on ...
The Port of Long Beach, one of the largest and busiest Ports in the world and a major inter-modal center for the cargo movement throughout the Western United States and beyond, has reached a major milestone in the approximately $1B plan to replace the Gerald Desmond Bridge on a design-build basis using the authority granted by California’s design-build demonstration program. As the first cable-stayed bridge ever built in California, the project is expected to be a landmark structure for the Port and surrounding communities.
On September 30, the Long Beach City Council approved the ...
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 also in Florida, and mid-December the North Tarrant Express in Texas. All were remarkable in their own right, and cumulatively earned Nossaman the top spot in Infrastructure Journal’s league tables in the North American Transport P3 legal advisor category.
We take a look back at what made the deals remarkable and what 2010 might bring…
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 Publics as equity members. The $900 million public-private partnership (PPP) deal uses an availability payment structure that provides for payment to MAT over 30 years after completion of construction ...
Nossaman LLP’s 30-plus infrastructure attorneys offer clients, colleagues, strategic partners, and industry media a wealth of practical experience, insider insight, and thoughtful analysis here on Infra Insight. We blog about what we know best, from industry-leading procurements to local and national policy developments that affect the market and our clients.
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