Legislation to allow P3 model for Atlanta transit projects
The Georgia House of Representatives passed on 3 March 2014 legislation to speed up construction of the Atlanta Beltline. The law will permit the private sector to help finance and build the project's network of transit lines and public spaces.
Sections of the 22-mile Beltline, a corridor of proposed transit lines and open space through 45 Atlanta neighborhoods, have opened during the last several years.
The bill, which passed 158-4, would expand the state law governing urban redevelopment to allow the private sector to help finance and build transit projects if passed by the Senate.
The Atlanta BeltLine is the most comprehensive transportation and economic development effort ever undertaken in the City of Atlanta and among the largest, most wide-ranging urban redevelopment programs currently underway in the United States. The Atlanta BeltLine is a sustainable redevelopment project that will provide a network of public parks, multi-use trails and transit along a historic 22-mile railroad corridor circling downtown and connecting many neighborhoods directly to each other.
Country news
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March 06, 2014
ADOT hosts Industry Forum for South Mountain Freeway
The Arizona Department of Transportation (ADOT) held an Industry Forum related to the proposal to develop and deliver a freeway system expansion in Maricopa County as a public-private partnership (PPP) project the South Mountain Freeway. Read more -
March 10, 2014
Maryland light rail P3 gets federal funding
The proposed Maryland light-rail Purple Line project has been recommended for US$100 million in federal money as part of the Obama Administration's 2015 fiscal year budget. Read more -
March 10, 2014
Brent Spence bridge, a step closer
A bill to allow public-private partnerships in Kentucky and necessary to develop the Brent Spence Bridge replacement and refurbishment project through a P3 model, has cleared its first legislative hurdle. Read more -
March 10, 2014
KKR closes $2.0 Billion North American Oil & Gas Fund
Investment firm, KKR, has announced the final closing of KKR Energy Income and Growth Fund I ("EIGF" or the "Fund"). EIGF (together with related co-investment vehicles) represents a $2.0 billion strategy focused primarily on investing behind the development of North American unconventional oil and gas resources. Read more -
March 11, 2014
Nossaman hires Canadian P3 lawyer
Nossaman LLP has announced it has hired counsel Andrée Blais to its Infrastructure Practice Group. A Canadian with a wealth of experience in advising on the development and implementation of public-private partnerships (P3s), Blais led the crafting of legal services for several major P3 projects in Canada, advising public sector owners from project development through procurement, closing, and contract administration. Read more
