Category Archives: Take Back Infrastructure

ACS/Fluor’s $1.9bn People Mover P3 Bid At LAX Is Below Owner’s Estimate

With great relief, in mid- January Los Angeles World Airports (LAWA) named the LINXS consortium led by ACS Infrastructure and Fluor Corp. as the preferred bidder for its automated people-mover (APM) P3 project at LAX airport. Full details won’t be … Continue reading

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New Tax Law Impacts Rattle the P3 Infrastructure Industry in the U.S.

by William G. Reinhardt, PWF editor A month ago, the plan of finance for the Automated People Mover DBFOM project at Los Angeles International Airport was based on private activity bonds (PABs), just like 19 other large public-private partnership (P3) … Continue reading

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“The End of Debt Deductibility and its Impact,” by Diane Vazza, of S&P Global

“. . . The conclusion from the January 31, 2016 report of the Global Fixed Income Research team at S&P is if net interest deductibility is put in place, it “has the potential to discourage debt issuance in the long … Continue reading

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Trump and Infrastructure: Deficit Neutral Stimulus

President Trump’s $200-billion infrastructure program will be funded by cutting existing discretionary programs, not by deficit spending, according to White House infrastructure adviser DJ Gribbin. The $20 billion a year of federal spending proposed by Trump would be repurposed investment … Continue reading

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Trump and Infrastructure: TIFIA On Steroids

The Trump plan would supercharge Private Activity Bonds (PAB) as a P3 financing tool, expand PABs and the Transportation Infrastructure Finance and Innovation Act (TIFIA), include airports and inland waterways and ports, and increase funding for TIFIA and the other … Continue reading

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Trump and Infrastructure: Waiting for Godot

The traditional surface transportation advocacy groups are gearing up for the start of serious discussions on policy and funding after the President’s budget is presented on Feb. 12. Detailed principles of Trump’s long-awaited infrastructure proposal will be rolled out soon … Continue reading

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Trump and Infrastructure: The Paradigm Shift

For a roadmap of Trump’s emerging infrastructure policy, take a look at this excerpt from the May 16, 2017 testimony by Nossaman partner Geoffrey Yarema before the Senate Environmental and Public Works, Subcommittee on Transportation and Infrastructure hearing on “Leveraging … Continue reading

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Town-Gown Takeaway—P3 Developer:

“The lack of capital budgeting (separate CIP and Operations work programs and budgets for infrastructure) in the U.S. means large infrastructure projects are planned and executed without a meaningful discussion of the whole of life implications of the project. This … Continue reading

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Town-Gown Takeaway—P3 Developer:

“P3s are still out of the comfort zone of public agencies responsible for delivering infrastructure projects in the U.S. Most lack experience with alternative procurements and design-build delivery of very large projects. Only a few have been willing to plan … Continue reading

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Town-Gown Takeaway—Virginia DOT P3 executive:

“Cintra’s design of its I-66 express lanes in Virginia provides for 11% more ramp capacity than Virginia DOT’s design. The added connectivity costs more to build, but is paid for by the increase in profitability. VDOT supported the approach because … Continue reading

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