Mayor of Honolulu Kirk Caldwell has announced that the City and County of Honolulu in Hawaii has canceled the procurement of Public-Private Partnership (P3) project of redevelopment of Neal S. Blaisdell Center. The center is a cultural campus located in Honolulu.
The city has abandoned US$ 772 million project after spending around US$ 17 million on the design and planning process since 2015. The feasibility study, master plan, schematic design and detailed budget for the project was already completed. Until now the city was seeking private partners through a request for qualifications and the closing of the cultural centre for renovation was planned for the end of this year. Last week the city has issued the cancelation notice to vendors "because the agency no longer can reasonably expect to fund the procurement."
The city has canceled the procurement because of unknown construction costs for the last four miles of the rail transit system to Ala Moana Center of the upcoming rail service. The city will spend funds on backlogged repairs and deferred maintenance instead of the renovation of the center.
"Given that the final construction cost is yet unknown for the last 4.16 miles of our rail system and the city’s financial responsibilities for the operations of the upcoming rail service, in addition to a new administration and City Council starting in less than one year, we decided that it is a logical time to pause the project."
The city has worked with Ernst & Young on the preparation of the P3 process. It also cooperated with the design team composed of Aecom, WCIT Architecture, Pacific AquaScapes, Snohetta architectural firm and design firm Gensler.
The project planned the redevelopment works of Neal S. Blaisdell Center. The 22.4-acre complex includes a multi-purpose arena, an exhibition hall, a concert hall, meeting rooms, and structured parking.
The mayor said he would “urge the continuation of exploring the public-private partnership route as a means to share the financial risks and to obtain professional management of the facility.”
https://www.infrapppworld.com/report/usa-ppp-market-2019
You can also find more free reports here.
Jacksonville Transportation Authority (JTA) in Florida, USA has announced the Industry Forum to discuss the Ultimate Urban Circulator Program in Jacksonville before the official Request for Proposals. The Forum will happen on 18-20 of February and will discuss partnership opportunities available to develop JTA autonomous vehicle network in Downtown Jacksonville to provide industry leaders with the opportunity to learn more about the U2C and public-private partnership (P3) opportunities available with the JTA.
Read more
The Los Angeles County Metropolitan Transportation Authority (Metro) has cleared five teams to compete for the opportunity to help develop the agency’s massive Sepulveda Transit Corridor Project, a mega-project that will build a high-speed, high-capacity transit line directly connecting the San Fernando Valley and the Westside, and ultimately with LAX.
Read moreHonolulu Rail Transit PPP Project (HRTP) in Hawaii is facing further delays. Executive director and CEO of the Honolulu Authority for Rapid Transportation Andrew Robbins has announced the delay in the award of the final stage of the project - a segment from Middle Street to Ala Moana Center. The deadline for bidders to submit the proposals has been moved to April. The contractors, therefore, will be selected in May and the contract signed in June.
Read more
Jacksonville Transportation Authority (JTA) is embarking on the Ultimate Urban Circulator Program (U2C) by issuing the Request for Information (RFI).
Read more
Ferrovial, through the NTE Mobility Partners consortium led by subsidiary Cintra, has completed the refinancing of the North Tarrant Express (NTE) toll road, in Texas (United States), in an operation worth more than USD 1.2 billion.
Read more