San Diego City and US Navy have signed an exclusive deal agreement for the redevelopment of Naval Base Point in Loma Old Town Campus into a massive transit hub. The NAVWAR base is located near Interstate 5 and covers an area of 70.5 acres. The scope of works involves construction of central terminus for buses and trains as well as people-mover or shuttle to the airport.
The hub will connect San Diego International Airport with the rest of the county’s transit infrastructure. In exchange for redeveloping a portion of the land into a transit hub, the county will build new facilities to house the thousands of Naval cybersecurity experts and contractors — including the Naval Information Warfare Systems Command.
Currently, the site NAVWAR consists largely of outdated World War Two-era airplane hangars. The Navy and SANDAG signed a memorandum of understanding in September 2019 to discuss and collaboratively draft a development plan. SANDAG’s board then approved $50 million in initial site-planning funds to be spent over the next five years.
The project might receive partial funding from the San Diego County Regional Airport Authority, which signed a 10-year agreement with its airline partners in 2019 to fund improvements to public transportation to and from the airport. The project still has a long way to go and would need extensive environmental reviews, as well as various city, state and federal approval.s The total cost of the project is estimated between US$ 3.8 and US$ 4.7 billion.
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 b...
Read moreMiami-Dade county has reached a financial close for a new courthouse in downtown Miami. The Project is being implemented by Plenary Group with Tutor Perini Corporation as design-build cont...
Read moreJacksonville 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...
Read moreYIELCO 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...
Read moreKetchikan 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...
Read more