Archive for January, 2009
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Privately-Owned Toll Bridge Approved in Virginia
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Yesterday the city council of Chesapeake, Virginia voted unanimously to approve a private developer’s offer to build, own, and operate a toll bridge there in perpetuity. According to a report in the Virginian-Pilot, the city granted a team led by Florida-based Figg Bridge Developers the rights to an existing bridge corridor across the Elizabeth River [...]
Virginia’s Route 460 PPP Advances
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The Virginia Department of Transportation (VDOT) announced yesterday it had issued a request for detailed proposals and a draft concession agreement for the Route 460 PPP project. Three teams had submitted conceptual proposals in September 2006. At that time, the Cintra, Itinere, and Skanska/Macquarie consortia reported the project would cost between $1B and $1.5B and [...]
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