Concession awarded for Miami Beach Monorail PPP
Miami Beach Monorail Consortium led by Meridiam has been awarded a contract to develop a sustainable and mass-public transit link between downtown Miami and the city of Miami beach.
This 5.6 km (3.5 miles) innovated elevated monorail will enhance Miami-Dade County’s standing as a smart city. It will provide a resilient, safe, and constant connection between downtown Miami and the city of Miami Beach and will serve as a vital link between the two cities in the preparedness for both rising sea levels and the threat of storm surge during hurricanes.
The monorail will also alleviate traffic congestion, and offer a rapid transit link between the two cities, one of which is situated on an island with limited direct access. Subsequently, the project will not only provide a reduction in vehicle miles traveled but also provide a fast, equitable, and clean commute option to the City of Miami Beach for most of the County.
Country news
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October 08, 2020
Preferred bidder selected for schools PPP megaproject in Maryland
Prince George’s County Public Schools (PGCPS) in the USA has selected Prince George’s County Education and Community Partners — which is comprised of Fengate Capital Management Ltd. and Gilbane Development Company, Inc., Gilbane Building Company, Stantec and Honeywell — to develop the new schools P3 Megaproject in the Prince George County of Maryland.
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September 30, 2020
Honolulu City to withdraw from the rail PPP
Honolulu city Mayor's office in the USA has notified the Honolulu Federal Transit Administration about the withdrawal of the city from participation in the procurement of the East Kapolei to Ala Moana Center rail PPP project.
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September 29, 2020
Refinancing completed for LBJ Expressway PPP in Texas
Ferrovial, through the LBJ Infrastructure Group consortium headed by its subsidiary Cintra, has completed the refinancing of the Lyndon B. Johnson (LBJ Expressway) in Texas with a bond issue for an initial nominal amount of US$ 544.5 million.
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September 03, 2020
Contract award delayed again for Hawai's railway PPP project
The Honolulu Authority for Rapid Transit (HART) in Hawaii, USA has delayed for the sixth time the contract award for Honolulu Rail Transit Project (HRTP) from East Kapolei to Ala Moana Center.
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September 02, 2020
Updated financial plan for Hudson River Rail Tunnel P3
The project's Contracting Authority, Gateway Program Development Corporation (GDC), has updated the initial financial plan for the Hudson River Rail Tunnel P3 Project.
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