Archive for September, 2008
Missouri DOT Shies Away from Private Financing of its Mega Bridge Project in Wake of Credit Crisis
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The Missouri Department of Transportation (DOT) declared on Thursday, September 18, its plans to scrap its PPP venture and finance a massive bridge project by issuing state bonds instead.
Under the original plan, the state DOT was looking to revamp Missouri’s bridges. A single contract was awarded to Missouri Bridge Partners, a consortium led by Zachry [...]
Perspectives at Washington PPP Conference
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At this week’s PPP conference in the nation’s capital, major players in the infrastructure industry offered their views on PPP delivery in the US.
Edward Fanter of Lehman Brothers indicated the rapid growth of infrastructure asset funds can offer public agencies the financing to pursue their PPP programs now, instead of delaying projects until financial markets [...]
Competition for I-595 Continues to Narrow
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Two consortia, led by Macquarie/ACS Dragados and Babcock & Brown/Bilfinger Berger, submitted proposals for Florida’s I-595 concession last Friday, September 5. The $1.3B DBFOM project involves extensive improvements to ten miles of the highway in southeastern Florida, including addition of tolled reversible express lanes.
Although six teams had provided statements of qualifications in November 2007, two [...]
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