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Posts Tagged ‘P3’

Airport modernization – next big wave of infrastructure Projects

Wednesday, February 1st, 2017
Tom Bradley Terminal, by Prayitno on Flickr - https://creativecommons.org/licenses/by/2.0/

Operational inefficiencies, passenger congestion, limited retail, access in and out of terminals and the negative passenger experience found in almost every U.S. airport is the result of outdated design, increasingly high demand, a lack of funding investment and a tendency to reject the concept of collaborating with private-sector experts. That, however, is changing.

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ACEC’S ENGINEERING INC. — Navigating the P3 Landscape

Thursday, March 17th, 2016

AMERICAN COUNCIL OF ENGINEERING COMPANIES (ACEC)
The U.S. has no shortage of high-profile P3 projects, particularly in Texas, Florida and California. One of the first major uses of the P3 model in the U.S. dates back to 1999, when the Port Authority of New York and New Jersey faced a limited debt capacity to finance necessary improvements to New York’s JFK International Airport. It ultimately turned to a consortium of private developers, operators and financiers to renovate the international terminal. In addition, a private company has a 28-year lease with the Port Authority to operate the terminal.

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Innovative Financing Helps Universities Grow

Tuesday, October 13th, 2015
Texas A&M University Campus - Photo by Texas A&M University

Texas A&M University recently announced plans to expand its student housing capacity by more than 3,400 beds with a unique agreement between public and private partners worth over $360 million. The announcement is similar to dozens just like it throughout the country. Student housing on university campuses is an extremely large, growing marketplace and most of the new projects are collaborative efforts called public-private partnerships (P3s).

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Guest on The Infra Blog: Johan Henriksson, Executive Vice President, Skanska Infrastructure Development

Wednesday, October 7th, 2015

Johan Henriksson was recently appointed Executive Vice President of Skanska Infrastructure Development…In May 2015, Skanska and its LaGuardia Gateway Partners team were selected as the preferred bidder to work with the Port Authority of New York and New Jersey to redevelop LaGuardia Airport’s Central Terminal Building. The company is also working on the I-4 Ultimate Project in Orlando, which is currently the largest transportation project underway in Florida, and theElizabeth River Tunnels project underneath the Elizabeth River in Virginia.

“The PPP Structure I think is a very good solution for many projects…it’s about, I think, daring to look outside the box here and trying to look at new potential solutions to solve old problems, and not always using the same old tools that have always been used, the public financing.”

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Public Private Partnerships: Balancing the needs of the public and private sectors to finance the nation’s infrastructure

Friday, September 26th, 2014
Figure 1: PPPs Worldwide, Nominal Cost (in Billions), 1985-2011

HOUSE TRANSPORTATION & INFRASTRUCTURE COMMITTEE
Around the world, P3s play a significant role in the development and delivery of transportation and infrastructure projects. Internationally, P3s have had a mixed record of success and failure. The Panel found that successful P3s have several common elements, including leveraging the strengths of the public and private sectors, appropriate risk transfer, transparent and flexible contracts, and alignment of policy goals…Unlike most other countries, the United States possesses a robust municipal bond market of approximately $3.7 trillion, of which a significant portion is for infrastructure financing. The Panel found that this is one major reason why the U.S. P3 market has not grown as quickly as in other countries (which do not offer tax-exempt municipal bonds) and why the potential for P3s in the United States is limited.

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Pennsylvania: Replacing 558 Bridges in 4 Years

Wednesday, September 24th, 2014
Map of Final Bridges - P3 RBR Bridges

PENNSYLVANIA DEPARTMENT OF TRANSPORTATION
With the P3 approach, we can replace hundreds of these bridges more quickly, save money and minimize the impact on the traveling public. SD bridges are not unsafe but pose a serious problem that jeopardizes our ability to grow economically and create jobs. This initiative, in conjunction with Pennsylvania’s new comprehensive transportation funding law that Corbett signed on Nov. 25, 2013, will bring much needed investment to the state’s bridges.

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Guest on The Infra Blog: Samara Barend, Vice President, North America PPP Director, AECOM Capital

Thursday, October 31st, 2013
Samara Barend

“It’s fundamental: having people come together and raise their voice and speak up is the only way to get something done in Washington. I would urge any advocates of infrastructure to speak up and to send letters to their congressmen, and to join coalitions and never underestimate the impact you can have to get something done.”

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