Category Archives: Take Back Infrastructure

NJ Senate President: Fund pension system with HOT lanes profits

In June 2018, the Economic and Fiscal Policy Working Group formed by NJ State Senate President Stephen Sweeney issued draft recommendations to build HOT Lanes on the New Jersey Turnpike and other roads near the state’s borders and to use any … Continue reading

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Elon Musk beats Meridiam for O’Hare Airport Express concession

In June, the Chicago Infrastructure Trust (CIT), on behalf of the city government, selected The Boring Company to design, build, finance, operate and maintain an underground express train service between O’Hare International Airport and the city’s central business district as … Continue reading

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Goethals Bridge P3 completed on time

The westbound span of the Goethals Bridge opened to traffic in late May 2018 on time and within the $934-million design-build budget set at financial close in April 2014, according to Rick Cotton, executive director of the Port Authority of … Continue reading

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Skanska/Kiewit jv passes on Hampton Roads Bridge Tunnel bidding

The joint venture of Skanska and Kiewit withdrew from the bidding for the $3.6-billion expansion of the Hampton Roads Bridge Tunnel in Virginia last month, leaving two other shortlisted teams still in the running. Skanska/Kiewit had submitted qualifications for an … Continue reading

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ACS refinances Montreal Autoroute 30 debt

On Thursday June 4, ACS Infrastructure Canada, Inc. successfully closed the CAD $1.218 billion of Senior Notes in a comprehensive refinancing of the project debt for its Autoroute 30 concession project. The refinancing was targeted mainly at large insurance companies … Continue reading

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Denver Eagle P3 Still Stuck In Regulatory Limbo

The private developers of the Denver Eagle commuter rail system are still struggling to gain final approvals for their $2.1-billion, 36-year DBFOM project so they can begin receiving availability payments and calm anxious bondholders. Civil works under the $1.3-billion design-build … Continue reading

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Champlain Bridge Audit Faults InfraCanada—by Dan Westell, PWF Canada

Canada’s auditor general has concluded the federal government did not make a well-supported decision in choosing a P3 option to replace the Champlain Bridge in Montreal. From deciding on a P3 before it had done the necessary analysis, and then … Continue reading

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Coming Disruptive Technology and Mobility Change: a New Landscape for Tolling and Project Finance—by Ed Regan CDM Smith

Just about everyone involved in transportation has probably heard about the “disruptive technology change” coming to transport in the future. We can expect connected vehicles, a movement away from internal combustion engines, integration of “big data”, big growth in shared … Continue reading

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Academic Perspectives on P3s—Street Lighting

Street-lighting is a classic example of a public good, and governments are extensively involved in its provision. Adequate lighting facilitates both car traffic and personal safety while improving an urban area’s character. However, many systems are mismanaged and obsolete, incurring … Continue reading

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Ontario Conservatives Promise Cuts, Eye Infrastructure

An Ontario P3 LRT is facing an uncertain future after Doug Ford’s Progressive Conservatives beat the long-ruling Liberals in the June 7 provincial election. During the campaign, Ford said that if a majority of people in the city of Hamilton … Continue reading

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