Category Archives: Take Back Infrastructure

U.S 36 P3 Marries BRT And Express Lanes

Plenary Group USA’s toll concession on U.S. 36 between Boulder and Denver includes the addition of an express lane in each direction for use by tolled vehicles, Bus Rapid Transit (BRT) riders, and High Occupancy Vehicles. Improvements to the existing … Continue reading

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SR 91 Express Lanes, A BRT Opportunity Lost

In 1990, when Caltrans’ leadership embraced P3s, the state negotiated a 35-year toll concession with California Private Transportation Co. (CPTC—Kiewit/Cofiroute/Granite) to build 10 miles of median lanes on SR 91 in Orange County, Calif. This was the first congestion-priced toll … Continue reading

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Indiana I-69 Distress Call

The already distressed players building the I-69 highway P3 project in Indiana were scrambling in late March to reduce their exposure to the possible insolvency of Spanish concessionaire Grupo Isolux Corsán SA after its last-ditch bank loan fell apart in … Continue reading

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ACS Sues AECOM For $69 Million

Industry sources report that ACS Group in August 2016 sued AECOM seeking $69 million, presumably for damages caused by its design subcontractor’s slow start on Florida DOT’s I-595 availability payment P3 in 2009. Early disputes over slow design approvals were … Continue reading

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Houston Grand Parkway Widening DB to Ferrovial

Almost three years after prequalifying to bid, a consortium led by Ferrovial Agroman in March was awarded an $855-million design-build contract by Texas DOT to widen 52.5 miles of tolled lanes on Segments H&I of the SH 99 Grand Parkway … Continue reading

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Mini P3 Spreads Happiness in LA

ACS Group and Barcelona-based Sener Engineering signed a 30-year, revenue-risk concession recently to restore, operate and maintain the historic Angels Flight funicular railroad in downtown Los Angeles, a pet project of Mayor Eric Garcetti.

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Ohio State Univ. Offered $1bn Fee For 50-Year Energy P3

Ohio State University Trustees will decide on April 6 whether to award a 50-year lease of its district energy system worth $1.015 billion to its preferred bidder, Montreal-based fund manager Axium, teamed with Engie North America, a French power generation … Continue reading

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Westchester County, NY, Airport Lease

Legislators in Westchester County, NY, have walked away from a 40-year lease of their airport that banker CIBC had fully negotiated with Oaktree Capital and the FAA over the past two years on a contingency fee basis. Instead, the county … Continue reading

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$2bn Honolulu Rail DBF Option Floated

A recommendation that Honolulu complete the final, $2-billion leg of its automated guideway transit system through a design/build/finance (DBF) approach would likely be difficult, owing to the fact that pasting a “semi-P3” delivery onto a complicated, urban project well into … Continue reading

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Fitch Tracks Growth of Managed Lanes as a Business

Broadly speaking, there are two different entities called Managed Lanes (ML) in the U.S. transportation these days. One of them consists of an HOV lane whose operator has decided to sell its excess capacity to willing customers, using variable pricing. … Continue reading

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