Two frontrunners shortlisted for US$9.5 billion Transit Corridor project in LA
The Los Angeles County Metropolitan Transportation Authority (L.A. Metro) has released its recommendation for two private sector teams to conduct pre-development work to advance the Sepulveda Transit Corridor Project, a complex transportation project that seeks to directly connect the San Fernando Valley and the Westside via high-speed, high-capacity transit line.
In March, L.A. Metro will ask its Board of Directors to approve two multi-million-dollar contracts to perform these services.
Two different fixed guideway technologies will be further developed as possible transit solutions for the corridor. L.A. Metro is recommending LA SkyRail Express for its proposed monorail concept and Sepulveda Transit Corridor Partners – Bechtel for its proposed heavy rail concept. Both proposals present benefits and trade-offs and will be refined further, based in part on public feedback and the environmental process moving forward.
L.A. Metro has long sought to pursue an innovative partnership model known as a Pre-Development Agreement (PDA) to enable early contractor involvement in the project. It allows for innovations in design, engineering, construction approach, financing and operations. Under this unique project delivery approach, L.A. Metro aims to bring the expertise and creativity of the private sector to the table early, when critical design and engineering decisions can have the greatest impact on the project’s ultimate success.
After selection of the LPA by the L.A. Metro Board, the agency would have the opportunity to invite the successful partner team, if any, whose solution aligns with L.A. Metro’s LPA to submit a proposal to deliver the project, likely through a public-private partnership.
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February 18, 2021
Tender issued for Sports complex PPP project in US
The city of Austin in Texas, USA issued Request for Information (RFI) to ask for input including business ideas or programming activities that will support the development of the Walnut Creek Sports Complex in northeast Austin near Austin Tennis Center, Colony Park District Park, Austin.
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February 17, 2021
Minnesota DNR issues Final Agency Decision for US$2 bn Flood prevention PPP project in USA
The Metro Flood Diversion Authority (MFDA) announced that it has received the Final Agency Decision from the Minnesota DNR affirming its decision to grant the Dam Safety and Public Waters Work Permit issued by the DNR in 2018. This will allow the MFDA to continue with construction of the Fargo-Moorhead Flood Diversion Project.
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February 05, 2021
Tender launched for water treatment plants PPP in Indiana
The Division of Utilities for the City of Fort Wayne, Indiana, USA launched a “REQUEST FOR PROPOSAL” (RFP) seeking qualified parties to submit Proposals and Statements of Qualifications to design, obtain financing, construct, operate, and transfer improvements related to energy optimization and sustainability at the Three Rivers Water Filtration Plant, Water Pollution Control Plant, and Wet Weather Pumping Station under a public-private partnership.
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January 20, 2021
Final proposals submitted for multimillion bridge and express lanes PPP projects in USA
The Maryland Department of Transportation (MDOT) received three very competitive proposals from highly qualified private sector teams to become the developer responsible for overseeing predevelopment work on Phase 1, the American Legion Bridge I-270 to I-70 Relief Plan, of the I-495 & I-270 Public-Private Partnership (P3) Program.
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January 18, 2021
Financial Close for multimillion Prince George's Schools in Maryland
Prince George's County Schools PPP has reached the commercial and financial close following the issuance of US$476 million senior secured notes, by the Project Company (PGCECP) the consortium formed by Fengate Asset Management, Gilbane Development Company, Gilbane Building Company, Stantec, and Honeywell.
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