Maryland approves amendments for Traffic Relief Plan P3
The Maryland Board of Public Works (BPW) in the USA has voted to advance the public-private partnership for Traffic Relief Plan which includes implementation of 'Capital Beltway Accord' to build a new American Legion Bridge.
Washington capital region is the second-worst traffic congestion area in the USA, which affects economic growth, the competitiveness of the region and the quality of life. The improvements in these corridors require an estimated investment of US$ 1.7 billion.
The vote approves investment in regional transit service improvements and delivery of the P3 Program. The program will be implemented in phases. The first section to be delivered under Phase 1 will be along I-495 from south of the George Washington Memorial Parkway to I-270 and along I-270 from I-495 to I-370.
The timeline for the projects has also been published by the contracting authority Maryland Department of Transportation. RFQ for phase 1 of I-495 and I-270 is due to release on February 07, 2020.
Country updates
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February 03, 2020
Industry Forum for urban transport program in USA
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 Propo...
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January 31, 2020
YIELCO announces final close for YIELCO Infrastruktur II
YIELCO Investments, a financial services company, and management company for YIELCO Infrastruktur II fund announced final close for the fund at a volume of EUR 310 million (US$ 342.05 milli...
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January 31, 2020
Ketchikan City Council to review cruise port proposals
Ketchikan City Council in Alaska, USA has received three proposals for cruise ship docks port from Survey Point Holdings, Global Ports Holding and SSA Marine. The council meeting was schedu...
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January 29, 2020
Cincinnati Bell receives Unsolicited Acquisition Proposal
Cincinnati Bell Inc. announced that it has received a non-binding proposal from an infrastructure fund to acquire all of the outstanding shares of common stock of Cincinnati Bell for US$ 12.00 per sha...
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January 27, 2020
Oregon approves P3 scheme for wastewater project in Lake Oswego
The City Council of Lake Oswego in Oregon has approved the development plan for the wastewater project under the Public-Private Partnership (P3/ PPP) scheme. Under the P3 scheme, the Council wi...
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