John Hennessy III,
P.E.
PennDOT operates one of the most ambitious and comprehensive public-private partnership (P3) programs in the nation. The featured projects bring value to Pennsylvania by significantly reducing structurally deficient bridges, supporting motorist safety, enhancing mass transit and rail service, and in some cases, generating new revenue to support future investment. –Pennsylvania Department of Transportation on YouTube
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Local Detroiters may have seen test runs of the city’s new QLINE tram running its 6.6-mile loop between Downtown and Midtown in past weeks, and the city is finally getting ready to let the public climb aboard. Running along Woodward Avenue between Downtown and Midtown, this modern tram line will connect two of Detroit’s most vibrant shopping, dining and nightlife districts. The grand opening is scheduling for Friday, May 12.
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…most Americans continue to only have one option for high-speed Internet access, according to the Federal Communications Commission, often a cable network with limited upload speeds. Smart cities are realizing they need to act or risk being left behind. However, many do not want to embrace the purely municipal model, where the city would engage in direct competition with existing providers…One way for those communities to move forward is with a public-private partnership (PPP). But for all the excitement around this model, there are few concrete examples from which to draw lessons.
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WORLD ECONOMIC FORUM
The Engineering & Construction (E&C) industry strongly affects the economy, the environment and society as a whole. It touches the daily lives of everyone, as quality of life is heavily influenced by the built environment surrounding people. The construction industry serves almost all other industries, as all economic value creation occurs within or by means of buildings or other “constructed assets”. As an industry, moreover, it accounts for 6% of global GDP. It is also the largest global consumer of raw materials, and constructed objects account for 25-40% of the world’s total carbon emissions.
Texas A&M University recently announced plans to expand its student housing capacity by more than 3,400 beds with a unique agreement between public and private partners worth over $360 million. The announcement is similar to dozens just like it throughout the country. Student housing on university campuses is an extremely large, growing marketplace and most of the new projects are collaborative efforts called public-private partnerships (P3s).
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Johan Henriksson was recently appointed Executive Vice President of Skanska Infrastructure Development…In May 2015, Skanska and its LaGuardia Gateway Partners team were selected as the preferred bidder to work with the Port Authority of New York and New Jersey to redevelop LaGuardia Airport’s Central Terminal Building. The company is also working on the I-4 Ultimate Project in Orlando, which is currently the largest transportation project underway in Florida, and theElizabeth River Tunnels project underneath the Elizabeth River in Virginia.
“The PPP Structure I think is a very good solution for many projects…it’s about, I think, daring to look outside the box here and trying to look at new potential solutions to solve old problems, and not always using the same old tools that have always been used, the public financing.”
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“It’s fundamental: having people come together and raise their voice and speak up is the only way to get something done in Washington. I would urge any advocates of infrastructure to speak up and to send letters to their congressmen, and to join coalitions and never underestimate the impact you can have to get something done.”
View this complete post...A recent series of events, notably an invitational conference on Public-Private Partnerships convened by the National Conference of State Legislatures (NCSL), has focused attention on the role of public-private partnerships (PPPs) in transportation, and underscored once again the need to more clearly define the proper federal role in PPP oversight.
To share its findings with the transportation community and seek its input, the NCSL invited an influential group of state legislators and leading members of the transportation community to a meting on March 26 to consider the next steps.
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