Last week, ENR’s Digital Wire highlighted an article in the Pittsburg Post-Gazette by Jon Schmitz about Pennsylvania’s new law to boost private investment in public projects through PPPs. According to the article, there are numerous major projects in the pipeline that will garner interest from private investors, including highways, bridges and other transportation facilities.
Risky Business: What Contractors Need to Know About Alternative Funding for Infrastructure
In the absence of a new transportation policy, investment in infrastructure is largely left to alternative sources of funding, such as Public Private Partnerships (PPPs). With all the buzz about PPPs, contractors should first learn the “basics” about alternative financing and then appreciate the risks.
Continue Reading Risky Business: What Contractors Need to Know About Alternative Funding for Infrastructure
A Federal Lien? Bill Would Require Repayment of Federal $$ in Privatization of Projects
There’s a debate in Congress. There’s a debate in Congress between Chicago’s two senators. There’s a debate in Congress between Chicago’s two senators about privatization.
Last week, Bob Sechler of the Wall Street Journal described newly introduced legislation from Senator Dick Durbin (D-Ill) called “The Protecting Taxpayers in Transportation Asset Transfers Act.” The bill seeks
Three Problems with Partnering on Construction Projects
Last week, I spoke at the annual meeting of the Tennessee Road Builders Association. Fellow speaker and lobbyist, Dave Bauer of the American Road & Transportation Builders Association, gave a legislative update on the status of Federal transportation funding. During his talk, Dave suggested that Public Private Partnerships (PPPs) can help, but are not
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