Pennsylvania launches RFI for tunnel rehabilitation project
The Pennsylvania Turnpike Commission (PTC) has launched a Request for Information (RFI) to gather feedback and information related to development, design, construction, finance, and maintenance of the Pennsylvania Turnpike tunnels and tunnel systems.
The PTC is considering innovative financing solutions such as public-private partnerships (P3s) to provide the necessary modernization improvements for a bundled tunnel rehabilitation project to provide accelerated system upgrades and structural repairs to the five vehicular highway tunnels and tunnel systems (e.g. plumbing, electrical, ventilation, structural, safety, etc.) located along the Pennsylvania Turnpike to a state of good repair.
The RFI provides opportunities for entities to provide feedback, information, and materials for the deliberative decision-making of PTC. Responses are invited until 7 February 2019. For more information, see the Business Opportunity.
Country updates
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January 14, 2019
Financial close for student housing PPP project in North Carolina
Balfour Beatty Campus Solutions has announced that it has successfully reached financial close on a public-private partnership (P3) project to develop an on-campus housing and dining community at the...
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January 11, 2019
New Hampshire receives proposals for four P3 projects
The New Hampshire's Public-Private Partnerships (P3/PPP) Oversight Committee has received four letters of interest in response to its second call for P3 proposals, launched in December 2018. Milford-...
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January 11, 2019
Pennsylvania Turnpike Commission cancels fiber optic broadband P3
The Pennsylvania Turnpike Commission (PTC) has canceled the proposed US$300 million fiber-optic broadband system P3 project, which involved the installation of fiber optic cables, conduits, junction b...
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January 10, 2019
Bids submitted for takeover of Californian port concession
Bids have reportedly been submitted for the sale of Orient Overseas Container Line (OOCL)'s 40-year concession to operate Long Beach Container Terminal by Blackstone Group, KKR, EQT Partners and Macqu...
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January 09, 2019
Oaktree Capital Management invests in Kansas-based transportation company
Oaktree Capital Management, L.P. has committed US$450 million of non-controlling equity capital to Watco Companies, LLC, a Pittsburg, Kansas-based transportation company providing transportation,...
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