Archive for October, 2008
Florida Selects Winner of I-595 Availability-Payment PPP
0
Yesterday the Florida Department of Transportation (FDOT) announced its selection of a consortium led by ACS Infrastructure Development to design, build, finance, operate, and maintain $1.8 billion of improvements to the I-595 corridor in southern Florida (see September 8 report below). FDOT will institute variable congestion-based tolling on the facility’s new reversible lanes and will [...]
VDOT Announces Sole Proposal for PPP Tunnel Project
0
Today the Virginia Department of Transportation (VDOT) posted the sole conceptual proposal received in response to its Midtown Tunnel Corridor solicitation (see May 31 report below). Although three firms had furnished Statements of Interest for the project in January 2005, a Skanska/Macquarie joint venture submitted the only proposal before last month’s deadline.
The existing Midtown Tunnel, [...]
European Financials Impact North American Infrastructure
0
Today’s Wall Street Journal reported Ireland’s Depfa Bank, whose financing supports several North American PPPs, had suffered rating downgrades as a result of its difficulty in securing short-term credit. Among the projects affected is the US$720M Golden Ears Bridge, currently under construction in Vancouver. Credit ratings for Golden Crossing Finance, which issued project debt with [...]
Abertis and Citigroup Withdraw $12.8 Billion Bid to Lease PA Turnpike
0
The consortium that won the much talked about Pennsylvania Turnpike lease earlier this year has withdrawn its $12.8 billion offer to PennDOT as lawmakers have failed to take any action before reaching the September 30th deadline.
Representatives of the consortium (Abertis/Citigroup) mentioned that the “situation is not propitious for a third extension.” The Pennsylvania authorities, however, [...]
|