Without doubt, the president’s proposed budget redefines the federal government’s role in infrastructure projects at all levels of government. It outlines “key principles” that Trump wants used to determine projects that will qualify for federal dollars or incentives. It also sends a clear message to elected officials throughout the country that public funding will not be adequate in the future and private-sector investor must be embraced.
View this complete post...Posts Tagged ‘P3s’
President Trump’s proposed budget speaks volumes about his infrastructure vision
Tuesday, May 30th, 2017A Citizens Guide to Kentucky Infrastructure
Thursday, May 25th, 2017
Kentucky is in a prime spot — within a day’s drive of two-thirds of the nation’s population. That makes the Commonwealth a key site for industries needing to transport products across the country. In fact, University of Kentucky economists report more than a quarter of the state’s economy is made up of industries highly dependent on transportation. National surveys of corporate executives rank highway accessibility as the top factor in business location decisions. All of that means transportation infrastructure maintained in top condition is a key requirement for a healthy economy.
View this complete post...Public-private partnerships – happening even in small cities, rural areas of the country
Wednesday, March 8th, 2017
…there’s not much news about P3s in smaller cities or in rural areas. That is about to change. As public officials in less populated parts of the country lament that the projects they need to launch are not large enough to capture the attention of investors or experienced contracting partners, some of their counterparts are forging ahead.
View this complete post...Making America’s infrastructure great again will take lots of time and money
Wednesday, February 22nd, 2017In the months leading up to the presidential election, Donald Trump announced that, if elected, he would incentivize $1 trillion into the nation’s ailing infrastructure. Citizens, taxpayers, public officials and contractors have been waiting to see if that would really happen or not. President Trump recently announced that he had selected private-sector P3 expert David James “DJ” Gribbin to serve as his special assistant for infrastructure. It was a big announcement and one that caused people to ask…will it really happen? Maybe so!
View this complete post...Now is the time for voters to let Congress know their feelings about infrastructure and jobs in America
Thursday, December 22nd, 2016
It would be wonderful – and significantly helpful – if taxpayers and public officials showed an outpouring of support for rebuilding the nation’s infrastructure. Congressional representatives need to know, without doubt, that there is home-town support for this. Without seeing support from constituents, it’s possible that the program could get delayed long enough to die a sad death. If that happens, the U.S. will remain vulnerable in the race for global leadership… and thousands of jobs that could have been created will be remembered only as “what might have been.”
View this complete post...PBS Newshour: Should the private sector help rebuild American infrastructure?
Tuesday, April 26th, 2016
As the U.S. grapples with a growing list of transportation infrastructure needs and limited public funds, more states are looking to public-private partnerships as a means of fixing and replacing aging bridges, tunnels and roads. But is there a downside for taxpayers? NewsHour Weekend’s Christopher Booker reports.
View this complete post...ACEC’S ENGINEERING INC. — Navigating the P3 Landscape
Thursday, March 17th, 2016
AMERICAN COUNCIL OF ENGINEERING COMPANIES (ACEC)
The U.S. has no shortage of high-profile P3 projects, particularly in Texas, Florida and California. One of the first major uses of the P3 model in the U.S. dates back to 1999, when the Port Authority of New York and New Jersey faced a limited debt capacity to finance necessary improvements to New York’s JFK International Airport. It ultimately turned to a consortium of private developers, operators and financiers to renovate the international terminal. In addition, a private company has a 28-year lease with the Port Authority to operate the terminal.
Guest on The Infra Blog: Andrew Curtis Right, Executive Director, Build America Transportation Investment Center (BATIC)
Wednesday, November 18th, 2015
Andrew Curtis Right is Counselor to the U.S. Secretary of Transportation and Executive Director of the Build America Transportation Investment Center. The Build America Transportation Investment Center serves as the single point of contact and coordination for states, municipalities and project sponsors looking to utilize federal transportation expertise, apply for federal transportation credit programs and explore ways to access private capital in public private partnerships.
“If you’re going to build a road today you’ve got to bid out the contract, and someone has to pay for it. And in the past the money has typically come from the Highway Trust Fund, or from the federal government, or from state and local taxes, et cetera. Going forward, the issue is a P3 really involves a different layer of procuring and risk sharing, and effectively of financing, where the state or the municipality or the sponsor doesn’t have to pay up front as part of a contract…”
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