RFP launched for Gary/Chicago International Airport P3
The Gary/Chicago International Airport Authority approved on 22 July 2013 a Request for Proposals (RFP) for the Development and Management of the Gary/Chicago International Airport and Related Assets to invest in the airport and the surrounding area through a potential public-private partnership.
Deadline for the Proposals is August 26, 2013.
The Airport Authority and the City of Gary foresee a P3 model that retains public ownership of the airport and benefits from private sector innovation and access to capital.
A team of financial experts, project managers and legal advisers are assisting the Airport Authority in the P3 exploration. The team includes A.C. Advisory Inc., JClark Consulting Group, LLC and Faegre Baker Daniels LLP.
The Gary/Chicago International Airport Authority released on June 1oth a Request for Expressions of Interest and Qualifications (REIQ) from private sector interests to gather a broad array of approaches and ideas to invest in the airport and the surrounding area through a potential public-private partnership (P3).
Potential investors included among others:- MXD Development Strategists
- Chicago-based Environmental Engineering firm Greeley and Hansen
- The GCIA Group LLC (a local consortium that includes Davis and Chicago-based real estate developers)
- Washington, D.C. AvPorts
- Guggenheim Partners
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July 25, 2013
Georgia selects preferred bidder for Northwest corridor
According to local sources, the State Transportation Board of Georgia has selected Northwest Express Roadbuilders to design, build and finance the Northwest Corridor toll lanes project for $840 million, $100 million less than original projections. Read more -
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HDR acquires Sharon Greene + Associates
On 23 July, HDR, the US-based architecture, engineering and consulting firm has announced that it has acquired the business and assets of Sharon Greene + Associates. Read more -
July 29, 2013
Michigan gauges interest in Public Private Partnerships (P3s)
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July 29, 2013
Rhode Island Pension fund invests $50 million in IFM fund
The Rhode Island State Investment Commission agreed at a meeting that took place on July 24th, 2013, to invest US$50 million in the IFM Global Infrastructure Fund (GIF). Read more -
July 30, 2013
Illinois Governor signs law to build third airport in Chicago through P3
Governor Pat Quinn signed on July 25, 2013, a law that will give the Illinois Department of Transportation (IDOT) the power to develop a third major Chicago regional area airport, in Will County (Illinois), through a public private partnership (P3). Read more
