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 Act:
- I-66 Corridor Improvements
- Air Rights Development
- I-64 HOV to HOT Lane Conversion
- I-64 Peninsula Improvements
- Hampton Roads Crossing Improvements
- I-73 ...
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 can be found at the OTP3 website.
These materials were prepared in cooperation with the Public Private Transportation Act Working Group. This group was established in June 2012 to solicit ideas and ...
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 are proud to announce that Nossaman's Geoff Yarema was named "P3 Private Sector Entrepreneur of the Year." Geoff is the first two-time recipient of this award, having received the award in ...
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 and Downtown Tunnels, extending Martin Luther King Boulevard and will provide much needed transportation improvements and congestion relief to motorists in the Hampton Roads region. ...
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 rounds of TIGER grants, this cycle was wildly oversubscribed. According to the announcement, USDOT received 848 project applications from all 50 states, Puerto Rico, and Washington, DC, requesting a total of $14.29 ...
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 milestone, VDOT is targeting to reach financial close on the Midtown Tunnel Project by the end of 2011.
The Midtown Tunnel Project will involve the construction of a new two-lane tunnel under the ...
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 person.
The event targets anyone interested in exploring real solutions to the challenge of funding improvements to interstate highways and other major road systems in America including congressional staff, transportation ...
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 the new lanes will increase congestion throughout the corridor, and lengthen travel times, especially for transit. Buses, carpools (HOV-3), motorcycles and emergency vehicles will have free ...
Nossaman’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.