Infrastructure Development & Management Strategies

The New Orleans Aviation Board’s application to privatize Louis Armstrong New Orleans International Airport has been approved by the Federal Aviation Administration (FAA). The board now has the authority to commence a competitive procurement process, and expressed that it intends to issue a RFQ on November 2. In 2008, the airport had about 3.8 million [...]

Mississippi DOT announced earlier this month that the Jackson Airport Parkway, a would-be first tollroad procured with PPPs in the state, was suspended because its senior debt failed to obtain an investment grade rating, which was a precondition for it to receive federal TIFIA loan support.
(www.Tollroadsnews.com)

With its October 1 deadline for financial close nearing, the Port of Miami Tunnel (POMT) procurement appears on track, with a ten-bank club having this week committed the necessary support for the anticipated $354M bank debt, supplementing a $354M TIFIA loan.  Both figures are in line with the concessionaire’s earlier estimates for the $1B project.  [...]

The decision of TxDOT to choose NTTA for the development of SH121 over the private consortium led by Cintra, who had already been awarded the project though a competitive and legitimate process, stirred an intense discussion in the PPP community. In August 2009, two years after the incident, the Regional Transportation Council approved a $3.6 million [...]

On September 4, 2009, TxDOT executed a comprehensive development agreement (CDA) with the LBJ Infrastructure Group to design, construct (maximum 5 years), finance, operate and maintain the 13-mile LBJ-635 corridor for 52 years in Dallas County.  According to the Financial Plan, the funding package of $2,743m consists of $790m senior debt (50% senior term facility [...]

Privatizing parking-meter collections has been considered by more and more cash-strapped cities as a way to narrow budget deficits. Denver could be a part of the movement. City Councilman Doug Linhart has urged Mayor John Hickenlooper’s administration to research this concept. Following meetings with the City’s Public Works Department, he stated that he plans to [...]

Following CenterPoint’s proposal for operating four existing terminals and the development of Craney Island in March, 2009 (see previous post), the Virginia Port Authority (VPA) received another two competing proposals from Carlyle and Carrix-Goldman. VPA now has posted the three proposals on its website. Carlyle would possibly pay VPA between $500 and $700 million upfront for [...]

In less than a year, the city of Chesapeake in Virginia’s coastal Hampton Roads region has received its second unsolicited proposal for infrastructure improvements.  The private consortium Virginia 104, LLC proposed today to widen the congested Dominion Boulevard (formerly State Route 104) from two lanes to four and to replace the Steel Bridge, a bascule [...]