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 ...
It’s been a productive time for advocates of water in the U.S. with President Obama signing into law the Water Infrastructure Improvements for the Nation Act (WIIN). WIIN includes the Water Resources Development Act of 2016 (WRDA), together with provisions to authorize critical water projects and improve drinking water infrastructure, water storage and supply, flood control and waterways across the nation.
A summary of some of WIIN’s key attributes are set out below:
- WIIN authorizes Congress to provide $20 million for the Water Infrastructure Finance and Innovation Act ...
Patrick Harder, Chair of Nossaman’s Infrastructure Practice Group, has been appointed to the advisory board of the Cornell Program in Infrastructure Policy (CPIP), an internationally regarded academic center dedicated to advancing infrastructure through teaching, research and outreach.
Mr. Harder, a veteran infrastructure attorney who focuses on advising public agencies in high profile, complex deals, was one of 10 new board members named at the CPIP annual fall meeting in late October. He joined a field that includes CEOs and other infrastructure leaders from companies ...
With the rapid pace of innovation and deployment of intelligent transportation systems (ITS) to enhance existing transportation infrastructure, transportation officials frequently procure and manage sophisticated systems that collect, use and maintain vast amounts of data. Today’s transportation officials must possess considerable technological proficiency in addition to their traditional expertise in civil engineering and construction.
Identifying technology to optimize infrastructure, and crafting complex technical specifications to procure the same, is ...
The National Council for Public Private Partnerships, reengineered its 2016 P3 Connect annual conference June 27 to 29, 2016, posing the question What’s Next for public-private partnerships in the United States. NCPPP (as it is widely known in the P3 space) launched four Institutes to offer answers. NCPPP created four separate Transportation, Energy, Real Estate and Social Infrastructure and Water institutes, each of which met in Chicago over the three day conference starting discussions with where are we now and ending with where do we go from here.
In parallel, NCPPP reprised ...
We all know how hard it is to change federal statutes these days—you need an Act of Congress and the President to sign the bill. Last week, a group of the top public finance lawyers in the US offered an approach relating to the use of tax exempt bonds that wouldn’t require a change in tax statutes but instead could be accomplished through a change in the regulations relating to the so-called private use test. As the group pointed out in its letter to high ranking US Treasury officials, Congress itself has made it clear that Treasury had the authority to adopt other, more flexible rules.
To help promote Infrastructure Week—which brings together thousands of stakeholders from around the country to highlight the critical importance of investing in and modernizing America’s infrastructure systems, and the essential role infrastructure plays in our economy—Nossaman is reposting this article on California’s infrastructure needs. To learn more about Infrastructure Week, which runs May 11-May 15, please visit www.infrastructureweek.org or follow Infrastructure Week on Twitter @RebuildRenew.
California is the most populous state in the Country; ...
On November 17, 2014, the California Public Employees’ Retirement System (CalPERS), the largest U.S. public pension fund with approximately $300 billion in assets, conducted its annual real assets program review. CalPERS’ real assets program includes real estate, infrastructure and forestland. According to the presentation by its investment staff, real assets’ 13.4% return outperformed the policy benchmark by 160 bps in 2013-2014 fiscal year. CalPERS’ infrastructure program has focused on both public and private infrastructure primarily in transportation ...
Nossaman Partner Patrick D. Harder has been named Chair of the Firm's Infrastructure Practice Group. He takes the reins from Partner Geoffrey S. Yarema, who has been Chair of the group since its founding, two years of which he co-chaired with Patrick.
Patrick Harder has over 25 years of legal experience in the construction industry, with a particular focus on large scale civil works projects procured through innovative procurement processes. From managing cutting edge procurements for public agencies to prosecuting and defending construction claims, he has an in-depth knowledge ...
We all know that our infrastructure is aging. Considering how hot the issue of transportation funding (or lack thereof) has become, it is almost impossible not to see or hear something on this topic daily. That being said, Transportation for America has provided a new way for us to fixate on the state of disrepair of our nation’s bridges – an interactive map.
The map is color-coded and uses green to mark states that are more-or-less maintaining their bridges. A special hats off to Florida and Nevada, which rank 50th and 51st respectively in the list of disrepair. In contrast, the map ...
A week after the Project Finance Awards honored the Florida deals, the Infrastructure Journal Awards honored the Texas DOT’s North Tarrant Express project as its 2009 Global Transport Deal of the Year. The Florida DOT’s I-595 Project was nominated along with one other project for the honor.
The North Tarrant Express was nominated with two other projects for the IJ’s 2009 Global Deal of the Year – which selects from projects in all sectors, including: power, renewables, oil and gas, PPPs, and transport.
Nossaman was nominated along with two other law firms for the 2009 ...
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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