The Pennsylvania Turnpike Commission (PTC) is exploring the possibility of entering into a public-private partnership (P3) with a developer to design, build, finance and maintain a fiber optic infrastructure broadband network.
The fiber optic network is envisioned to span the majority of the PTC system. The broadband network will consist of fiber optic cables, conduits, junction boxes, splice enclosures, and related appurtenances, all of which will be separately designated for the use of the PTC and the developer. Following construction of the fiber optic infrastructure, PTC will operate and monitor its fiber optic network and the developer will be responsible for limited maintenance. Based on input received from the industry, the previously required ubiquitous wireless mesh network and upgrades to the land mobile radio system are no longer part of this project.
In addition to developing the infrastructure and providing the services to meet PTC’s needs, it is anticipated that the developer will be able to use, market and/or lease capacity on the network for commercial purposes and, if needed, make additional capital investments required to support the commercial opportunity. PTC currently envisages a 30 year partnership.
The developer will be required to have the capacity to finance the project, however PTC anticipates making funds available to cover a portion of project costs. The amount and timing of PTC’s payments will depend on various factors including the availability of funds, anticipated reduction in future communications costs, and the need for a subsidy from a project feasibility perspective. The cost savings from the project are estimated to total US$250 - US$300 million over a 30-year operating period and it is anticipated that the amount of a direct contribution would not exceed the amount of cost savings.
PTC has issued a Project Information Memorandum (PIM), which provides further details regarding the project. The PIM can be downloaded here.
A Request for Qualifications (RFQ) is expected to be issued in July 2017
Los Angeles County Metropolitan Transportation Authority (Metro) has issued a Request for Proposals to study the feasibility of various transit modes and alignments for the L.A.’s notoriously congested Sepulveda Pass.
Read moreThe Federal Aviation Administration of USA has accepted St. Louis’ preliminary application to participate in the Airport Privatization Pilot Program.
Read moreFirst Infrastructure Capital Advisors, a subsidiary of Quanta Services, held a US$750 million first close on its debut fund, First Infrastructure Capital.
Read moreThe Illinois Department of Transportation (IDOT) has announced it has received six responses to the RFI for the South Suburban Airport (SSA) P3 project.
Read moreThe United States Department of the Interior’s Bureau of Reclamation has announced the release of a Request for Information (RFI) seeking interested parties in regard to potential future opportunities for the design, construction, financing, operation and/or maintenance of specific Reclamation water resource projects under potential Public-Private Partnership (P3) arrangements.
Read more