Retiring Indiana Gov. Mitch Daniels will put another major P3 project to bed on Dec. 27 when a commercial close is set for the $763-million East End Bridge over the Ohio River with a DBFOM team led by Walsh Investors, VINCI Concessions and Bilfinger Berger.

The project is the second major P3 in the U.S. to be procured using an availability payment model, which relies on state appropriations rather than toll revenues to secure debt financing. The I-595 express lanes in Florida was the first, in 2008.