Category Archives: Take Back Infrastructure

South Bay Express A TIFIA Success

The TIFIA program’s first foray into transportation P3s with the South Bay Expressway project came to a close in November 2017, when the San Diego Association of Governments (SANDAG) issued $194 million of debt to refinance the project. The expressway … Continue reading

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The Diversity Gap in the PPP Industry

In recent years, there has been intense interest in examining the gender and racial diversity among the senior executives in a range of industries, including high tech, engineering, business, academia and the media. High profile firms like Google and Uber … Continue reading

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Metrolinx Launches $7bn Rail DBFOM

Metrolinx, the regional transportation agency for metro Toronto, has approved an availability-pay DBFOM for its heavy rail division that has a capital budget of about Cdn $7 billion, including allocations of Cdn $4.5 billion for infrastructure and Cdn $2.5 billion … Continue reading

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Preferred Bidder For Victoria, BC, Biosolid Plant DBFOM

The Capital Regional District in British Columbia has picked Hartland Resource Management Group as the preferred proponent to treat its biosolids in a DBFOM contract with forecast capital costs in the range of Cdn $150 million to Cdn $170 million. … Continue reading

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Colombian Firm Wins Its First Chilean Toll Road

Intervial Chile, S.A, a subsidiary of a Colombian power grid operator, generated the winning bid for a 40-year, US$310-million DBFOM concession for Rutas del Loa, a Chilean toll road. This was its first competitively won Chilean road concession, and it … Continue reading

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Atlantia’s Bid For Abertis Is In Peril

Italian Atlantia SpA’s Euro 16.3 billion (US$19 billion) takeover bid of Spanish rival toll road operator Abertis Infrastructuras, S.A. is in peril of being revoked by the Spanish government on procedural grounds because Atlantia neglected to file for official approval … Continue reading

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Financial Close on I-66 Raises the Bar on Transport P3s

Robust traffic and revenue forecasts throw open the gates on public benefits for Virginians, by William G. Reinhardt, editor The Nov. 10 financial close on the I-66 toll concession in Virginia raises the bar for developers of demand-risk P3s in … Continue reading

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Careful: Public Benefits Are Vulnerable to Change

“It sounds like VDOT and the citizens of Virginia got a great deal. I am always amazed at how the private sector can come up with innovative funding packages that benefit the surrounding communities and corridor. When it comes to … Continue reading

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VDOT Raises The Bar on P3 Procurements

Virginia DOT gets high praise from Cintra’s team for its efficiency in managing the procurement of the state’s first fully competed P3 project. VDOT issued an RFP in July 2016 that included a fully developed term sheet. Those deal terms … Continue reading

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Trump’s DOT Flops on Its First TIFIA P3 Loan

Where VDOT raised the bar on its procurement of I-66, the Trump administration fell down in underwriting its first P3 loan, which was finally approved in late October, a year after VDOT had signed its project development agreement with private … Continue reading

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