Author Archives: Bill Reinhardt

About Bill Reinhardt

Editor of Public Works Financing newsletter

PBBC Moves Quickly On Debt Deductibility Problem

PBBC Moves Quickly On Debt Deductibility Problem The Performance Based Buildings Coalition (PBBC) has moved quickly to make the case to Republicans in Congress that the interest deductibility language in President Trump’s tax reform bill will pull the rug out … Continue reading

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IRR Impact Estimates Range Widely

At this point, estimates of the tax consequences from the change in deductibility vary widely. Here are three examples:

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Carillion’s Collapse Signals The End Of PPPs In The UK

Even before the collapse in January of Carillion, one of the largest and hitherto most successful private finance initiative (PFI) operators, the storm clouds were gathering over the future of public private partnerships in the United Kingdom. In the midst … Continue reading

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IATA: 100% Of Air Privatizations A Failure

In 2016, 34 of the top 100 airports in the world were either fully or partly privatized, according to Skytrax, a British consultancy. In a speech last month at Aviation Day USA in NYC, Alexandre de Juniac, Director General and … Continue reading

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Three Teams Shortlisted For DC Streetlights

Three teams were shortlisted on March 21 to compete for a 10-20 year DBFOM concession to modernize more than 75,000 streetlights in the District of Columbia by converting them to LED technology with remote monitoring and control capabilities. An additional … Continue reading

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California High Speed Rail Phase One Costs Skyrocket

The California High Speed Rail Authority (CHSRA) released a draft 2018 business plan on March 13 stating that costs for completing Phase 1 of the system (San Francisco to Anaheim ) could come in as high as $98 billion, that … Continue reading

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More Trouble On SH 130 Toll Concession

The new owners of the SH 130 Concession Co. are suing Cintra and 13 others claiming they knew of pavement flaws and the impending financial crash before the $968-million toll road was completed in 2012. They claim Cintra hid that … Continue reading

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Legal Issues Raised In The SH 130 Lawsuit

The SH 130 lawsuit was filed in early March 2018 in the U.S. Bankruptcy Court for the Western District of Texas. The claims by lenders raise some key legal issues: ~ Fraudulent Payments If the original developer has failed to … Continue reading

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SNC-Lavalin Wins Montreal LRT DBF

A Quebec pension fund has named two groups centered on SNC-Lavalin as preferred suppliers to design, build, and provide vehicles for a new Cdn $6.3-billion LRT in Montreal. The Réseau express métropolitain (REM), a project run by the infrastructure arm … Continue reading

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BC To Use DBF For New Bridge

The government of the province of British Columbia is using a DB and partly finance model for a Cdn $1.38-billion bridge to replace the existing Pattullo Bridge in Vancouver. Announced in February, the new bridge will be owned, operated, and … Continue reading

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