Presidio Parkway P3 opens to motorists
Golden Link Concessionaire, a consortium composed of Hochtief and Meridiam, has opened the US Presidio Parkway P3 project to Bay Area motorists on July 12th.
The Presidio Parkway, a new 1.6-mile six-lane roadway, replaces Doyle Drive as San Francisco's main connection to the Golden Gate Bridge. The improvements include seismic upgrades, 2 sets of short tunnels, a wide landscaped median, enhanced pedestrian accommodations and improved traffic transitions into city streets.
The project has been developed on a design, build, finance, operate and maintain (DBFOM) basis. The concession period is 30 years.
The total project investment has been US$1.1 billion. Funding for the project included a combination of equity, bank debt and TIFIA loans.
The Presidio Parkway is the only project delivered under the P3 statute, Streets and Highways Code section 143 and is the first transportation project developed through California's availability payment structure. The project was procured jointly by the California Department of Transportation (Caltrans) and the San Francisco County Transportation Authority.
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August 14, 2015
Indianapolis Airport Authority shortlists three teams for wastewater P3 project
The Indianapolis Airport Authority (IAA) has shortlisted three teams to carry out a stormwater and wastewater PPP project at the US international airport.The IAA expects to reach ans agreement for the project by 2016. The three shortlisted teams are the following: Aqua Resources Inland Technologies International and CDM Smith Integrated Airport Solutions Group comprisig AECOM Capital, SUEZ Environnement and Hunt ConstructionThe preferred bidder will have to supply operations, maintenance, repair, replacement and administration services for the systems while providing for their long-term expansion. Read more -
August 21, 2015
California signs bill for Long Beach Civic Center P3 project
California's Governor Jerry Brown signed on Aug. 11 the Long Beach Civic Center bill into law. Authored by State Senator Ricardo Lara, SB 562 clarifies existing law by placing various sections of State law and case law governing the public-private procurement process into a single section of State law for the Long Beach Civic Center project. Read more -
August 24, 2015
Moody's rates debt for Kentucky telecom P3
Moody's Investors Service has assigned a Baa2 rating to senior revenue bonds for the the Kentucky telecom public private partnership (P3) project in USA. Read more -
August 24, 2015
CDOT seeks HPTE Director
The Colorado Department of Transportation (CDOT), USA, is seeking a new director for the High Performance Transportation Enterprise (HPTE). Read more -
August 25, 2015
NY Senator proposes public private partnership for Hudson river tunnels
New York Senator, Chuck Schumer, has proposed the use of the public private partnership (P3) model to develop two rail tunnels under the Hudston River linking New York and New Jersey in USA. Read more
