John Hennessy III,
P.E.
Boston Harbor Now is calling for input and participation from individuals and organizations who might be affected by ferry service in the greater Boston area. Where do you think ferry service should be expanded? What’s already working/ not working in Boston’s ferry system? How would expanded ferry service affect your business?
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Major cities throughout the U.S. are focused on urban redesign to create vibrant communities in downtown areas. Parks, trails, green spaces and community gathering places are all being constructed. Green infrastructure is also a high priority. Engineering design firms, construction contractors, landscaping companies and playground equipment suppliers are in high demand. Cities are also enhancing Wi-Fi access, moving to IoT (Internet of Things) technology and launching renewable energy projects. Funds for these types of projects are coming from various sources and as a result, lots of attention is now focused on what’s happening at the local levels of government.
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Because P3s cover a broad range of innovative contracting, project delivery and financing arrangements, a singular definition is difficult to establish. P3s take various forms based on the type of infrastructure involved and level of risk sharing sought by the public sector. Key characteristics of P3s, delineating them from typical arrangements between the public and private sectors, include the transfer of risk from the public sector to the private sector, the marrying of multiple steps of the procurement lifecycle and the shifting of some public sector responsibilities to the private sector.
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Created three years ago and finally funded this year, the Environmental Protection Agency’s Water Infrastructure Finance and Innovation Act (WIFIA) program may soon announce the first round of funding for water infrastructure projects. The agency has $1.5 billion in available funds and it is all designated for water projects.
The EPA announced that 12 of the 43 public entities submitting letters of interest for project funding from the WIFIA program have been approved. These applicants may now move through the program and apply for low-interest loans.
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Across the globe, a well-functioning, modern infrastructure is Central to economic development and to quality of life. From the Roads and railways needed to transport people and goods, to the Power plants and communications networks that underpin Economic and household activity, to the basic human need for Clean water and sanitation, infrastructure matters to people And business everywhere.
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The federal government may not like the Paris Climate Agreement, but state and local elected officials do. This past weekend, Los Angeles Mayor Eric Garcetti hosted a large number of mayors who reiterated their commitment to the partnership agreement. These officials visiting Florida for the U.S. Conference of Mayors represent the Climate Mayors, a bipartisan organization that was organized in 2014. The group now boasts 331 mayors representing 65 million Americans. The membership includes mayors from the 10 largest cities in the U.S., including traditional energy hubs such as Houston and Dallas.
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Fundamental market forces — the addition of highly efficient new gas-fired resources, low natural gas prices, and flat demand for electricity — are primarily responsible for altering the profitability of many older merchant generating assets in the parts of the country with wholesale competitive markets administered by Regional Transmission Organizations (RTOs). As a result, some of these resources (mostly coal- and natural gas-fired generating units, but also many oil-fired power plants and a handful of nuclear power plants) have retired from the system or announced that they will do so at a future date.
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“These public-private partnerships that they tout really don’t work. We tried that in downtown Las Vegas to do the new Project Neon, and just couldn’t generate enough revenue from the private sector, so we know that is not the “silver bullet.” I’m opposed to privatizing government services, because then the priority shifts from service to profit, and that never works. If you talk about something like air traffic control, that’s especially egregious because we have the safest system there is; we’re going to now undermine that.”
View this complete post...The President has consistently emphasized that the Nation’s infrastructure needs to be rebuilt and modernized to create jobs, maintain America’s economic competitiveness, and connect communities and people to more opportunities. The United States no longer has the best infrastructure in the world. For example, according to the World Economic Forum, the United States’ overall infrastructure places 12th, with countries like Japan, Germany, the Netherlands, and France ranking above us. This underperformance is evident in many areas, from our congested highways, which costs the country $160 billion annually in lost productivity, to our deteriorating water systems, which experience 240,000 water main breaks annually.
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“I commend the Administration for talking about a trillion dollars, but right now they’re only talking about putting $200 billion of public money up and the rest coming from other sources in the private sector. And while there’ve been some successes of that in this country as well as overseas, I don’t think we can afford to wait for a financing program to fully mature before we make significant infrastructure investments. It has to be done now; the federal government has to recognize that they need to spend this money. They can’t continue to hold the dollars hostage going forward.”
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