Last minute challenge by second-place bidder fails to sway Kansas City Airport P3
Last month, KCI Partnership, a consortium led by AECOM, wrote to Kansas City Council members claiming that it can deliver a new terminal at Kansas City International Airport for more than US$1 billion cheaper than the Edgemoor-led consortium awarded the public-private partnership (P3) project in September 2017.
KCI Partnership submitted the only other final bid for the design, construction and financing of the terminal. Its updated financial proposal claims significantly lower annual debt payments than the Edgemoor team proposed, yielding the enormous price difference.
The letter was passed on to Southwest Airlines, the lead carrier in negotiating a use and lease agreement with the City Council for the new terminal. Southwest Airlines has now stated that it plans to continue negotiations with the Edgemoor team.
Also last month, the Airport Committee of Kansas City Council heard that the use and lease agreement would be signed within weeks, paving the way for the signing of the Final Development Agreement for the project. The latter must be signed before the Edgemoor team can break ground, which was scheduled for the first quarter of this year.
Country updates
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January 31, 2019
Five banks launch Western Kentucky Infrastructure Fund
Five banks based in Kentucky have launched an investment fund to support public-private partnership (P3) projects throughout the state, located in the central-eastern USA. The institutions launching...
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Transurban to invest US$1 billion in express lane extension in Virginia
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January 30, 2019
QIC invests in parking facilities at Boston university
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Task force recommends P3 for bridge replacement project in Louisiana
The Chamber of Southwest Louisiana (SWLA) has recommended that the I-10 Calcasieu River bridge be replaced through a public-private partnership (P3). The current bridge opened for traffic in 1952 and...
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January 28, 2019
Final Development Agreement for Kansas City airport P3 to be signed this quarter
The Airport Committee of Kansas City Council has heard that the terms-and-lease sheet for the Kansas City International Airport (KCI) Terminal Replacement Project will be signed in the next few weeks....
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