Author Archives: Bill Reinhardt

About Bill Reinhardt

Editor of Public Works Financing newsletter

Denver Eagle P3 Kinks Persist

Startup problems and larger issues related to faulty operation of grade crossings have delayed full revenue service on the Denver Eagle P3 project beyond the long-stop date in the owner’s $280-million TIFIA loan, resulting in a technical default. The TIFIA … Continue reading

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Isolux Commits $75 Million In New Equity To Save I-69 P3

Spanish contractor Isolux Corsan agreed in late January to a $75-million recapitalization of its troubled I-69 highway P3 near Bloomington, IN, with the aim of substantially completing the $325-million project by June, 2018, eighteen months later than its original contracted … Continue reading

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I-395 DBF Technical Scores Due Apr. 24

A public meeting is scheduled for April 24 to announce technical scores and opening of price proposals for Florida DOT’s I-395/95 design-build-finance project in Miami. Work includes improvements of about 1.4 miles of I-395, about 1.6 miles of pavement reconstruction … Continue reading

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The Trouble With Managed Lanes

Virginia DOT in the coming months will try to thread the needle between its managed lanes concession contracts and the demand from a Northern Virginia state senator for transparency on price and trip times. His legislation is aimed at the … Continue reading

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Bad Decisions Can Be Good For Managed Lanes

People often make decisions based on what they think, not what they know. Operating experience has shown that some portion of the users of express lanes mistakenly choose the toll road over the free outer lanes because of the anticipation … Continue reading

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DJ Gribbin Joins Trump White House

Seasoned P3 advisor D.J. Gribbin IV was named Special Assistant to the President for Infrastructure in late February, a particularly demanding job given the promises by President Trump for fast action to accelerate projects into construction. Repeated promises from the White … Continue reading

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Opinion: Megaproject Lists Spin False Hopes

At President Trump’s request, the National Governors Association has submitted a list of over 400 hundred infrastructure projects to be earmarked for assistance by the White House, including some pet projects of private promoters. Based on past experience, all the … Continue reading

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Hampton Roads Bridge-Tunnel Procurement Begins

Virginia DOT will hold an industry briefing on April 3 in Hampton, VA, to solicit ideas on the best way to procure a $3.3-billion widening of the two-lane Hampton Roads Bridge Tunnel (HRBT). VDOT expects to request a Record of … Continue reading

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LA Metro Solicits Unsolicited Proposals

With plenty of money and $40 billion worth of transit projects to build, LA Metro this month selected competing teams to submit priced proposals for accelerated development of two priority projects that Metro hopes to fast-track through its new unsolicited … Continue reading

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I-405 Managed Lanes Awarded

The Orange County, Calif., Transportation Authority (OCTA) executed a $1.217-billion design-build contract in early February for the I-405 express lanes project with joint venture partners OHL USA and Astaldi Construction Corp. Work consists of 16 miles of reconstruction of the … Continue reading

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