Author Archives: Bill Reinhardt

About Bill Reinhardt

Editor of Public Works Financing newsletter

NC I-77 Termination Options Detailed

An Aug. 10 report by Mercator Advisors LLC on potential policy options to address intense political opposition to Cintra’s I-77 managed lanes concession in Charlotte, NC, identified a termination for convenience as a viable option for consideration (https://www.ncdot.gov/projects/I-77ExpressLanes/). At a … Continue reading

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SH 130 Refinancing Leaves TIFIA With $600m Equity Stake

The new owners of the SH 130 Segment 5 & 6 toll concession south of Austin, Texas, are proceeding quickly to repair large sections of the two-lane, asphalt highway with the goal of completing the work in a year. At … Continue reading

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EPA Claims WIFIA Will Leverage $1Bn In Private Investment

On July 19, the Environmental Protection Agency (EPA) published details of 12 water/wastewater projects worth $5.1 billion that it selected to qualify for low-interest federal loans in the first round of its WIFIA program. Four of the 12 projects chosen … Continue reading

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I-69: Preventing Another Train Wreck, by Jodi Hecht, JEH Consulting

The I-69 Section 5 project involves the first replacement of a nonperforming contractor in the U.S. under the P3 procurement model and is the subject of this case study. The procurement proceeded as envisioned under the Public Private Agreement (PPA … Continue reading

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Case Study I-69 Termination—What Went Wrong And How To Fix The P3 Model

Introduction In 2014, the Indiana Finance Authority (IFA) accepted a lowball bid from a large Spanish contractor with no roadbuilding experience in Indiana to build a technically simple segment of I-69 near Bloomington under a 35-year DBFOM contract. Everything that … Continue reading

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High Demand For Traffic Studies Feeds T&R Talent Concerns

In response to concerns raised at ARTBA’s recent P3 conference about the ability of traffic and revenue consultants to meet growing demand for their services, Public Works Financing asked T&R industry expert Raymond Tillman, to describe and assess the problem. … Continue reading

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Addressing Express Lanes’ Growing Pains by Robert W. Poole, Jr.

Ten years ago priced managed lanes were still a rare occurrence on America’s congested urban freeways. Today, according to the database on the Transportation Research Board’s Managed Lanes Committee, over 1,500 lane-miles of this kind are in operation, with many … Continue reading

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Enhancing TIFIA: Testimony 7/17 by Jennifer Aument Transurban

before the Senate Committee on Environment and Public Works hearing on “The Use of TIFIA and Innovative Financing in Improving Infrastructure to Enhance Safety, Mobility, and Economic Opportunity” on July 12, 2017 https://www.epw.senate.gov/public/index.cfm/2017/7/the-use-of-tifia-and-innovative-financing-in-improving-infrastructure-to-enhance-safety-mobility-and-economic-opportunity

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Canada: Ottawa Shortlists For LRT Extensions

The city of Ottawa has shortlisted three groups for each of its two LRT extension projects after the federal government committed up to Cdn $1.1 billion in June. The province of Ontario had already promised a like amount. Ottawa is … Continue reading

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Canada: SNC-Lavalin Monetizes P3s

SNC-Lavalin has taken some cash out of five of its Canadian P3 contract holdings and set up a system that could see the engineer-investor-builder cash out more infrastructure assets in the future. The company said it had set up a … Continue reading

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