I just received an alert from my friend, Kent Starwalt, Executive Vice President for the Tennessee Road Builders Association, announcing an important hearing on Thursday morning. House Transportation & Infrastructure Committee Chairman John Mica (R-Fla.) has invited ARTBA members to join a webcast and conference call tomorrow where he will provide an overview of
Heart and Mind: Joint Venture Agreements on Construction and Transportation Projects
A recent article in the Nashville Business Journal equated a joint venture on a construction project to a marriage: "Want a successful joint venture? Think seamless."
The article offered several points of what should be addressed in the joint venture agreement before pursuing work:
- Address potential consequences. Parties should address the potential consequences
Can PPPs Revive Highway and Bridge Construction?
My friend Kent Starwalt of the Tennessee Road Builder’s Association sent out a legislative update this morning about the tension between Obama Administration and the Republican controlled Congress on infrastructure investment.
According to the Stateline article, the divisions over transportation investment include high-speed rail, roads, bridges and access to high-speed internet:
The
TDOT Resists Borrowing for Bridges … and Other Project Finance Options
As I drove into work this morning, Nashville Public Radio had a piece this morning about TDOT’s resistance to borrow for bridge construction. In case you did not know, TDOT employs a pay-as-you go method, which means the state will not borrow for new projects even when it has the opportunity.
Last year, the
New Reports Cites “Underinvestment in Transportation” as Major Cause of Project Losses and Layoffs
In a new federal report released last week entitled "An Economic Analysis of Infrastructure Investment"(pdf), the Department of the Treasury, Council of Economic Advisers outlined why now is an optimal time to increase investment in transportation infrastructure.
The short twenty-five page report is, according to AGC, "a sobering reminder of the tremendous economic costs