The California High-Speed Rail Authority recently announced that a joint venture composed of Tutor Perini, Zachry Construction and Parsons has provided the apparent best value proposal for the initial design-build construction package of California's high-speed rail system located in the Central Valley. The Authority received four other proposals from Dragados/Samsung/Pulice (composed of Dragados SA; Samsung C&T America and Pulice Construction), California Backbone Builders (composed of Ferrovial Argoman and Acciona), California High-Speed Rail Partners (composed ...
More evidence of the beneficial impacts of transit-oriented development has arrived in the form of a new property values study by the American Public Transportation Association, the Center for Neighborhood Technology and the National Association of Realtors.
(See also our blog post regarding the EPA report released last month promoting funding mechanisms and other strategies for communities to provide more transit-oriented development.)
The study found that homes closer to public transit performed 42 percent better (in terms of resilience of property values) than those ...
This week the Maryland Transit Administration (MTA) issued a Request for Information (RFI) requesting private sector involvement to collect best practices for delivery and financing of the planned Maryland National Capital Purple Line and Baltimore Red Line. The proposed Maryland National Capital Purple Line is a 16-mile light rail transit line project that will extend between Bethesda and New Carrollton, Maryland. The proposed Baltimore Red Line is a 14.1 mile, east-west transit line that will connect Woodlawn, Downtown Baltimore and Johns Hopkins Bayview Medical Center ...
Nossaman would like to congratulate the California Department of Transportation and the San Francisco County Transportation Authority for the Presidio Parkway Project's recognition as the "Best Real Estate Deal of the Year" in the category of Infrastructure/Public-Private Partnership by the San Francisco Business Times. Winners were announced at the publication's annual awards dinner in San Francisco on March 20, 2013.
This recognition is the latest in a number of industry awards honoring the Presidio Parkway Project, which is the first transportation project to be procured ...
As the 2013 award season heats up for 2012 successes around the world, the juries are increasingly finding the US market hard to ignore. Infrastructure Journal and PPP Bulletin International, the two London-based media organizations that annually recognize top projects and industry organizations worldwide, have each announced their finalists for this year's best transportation transactions and firms. Focusing on public-private partnership projects as opposed to those mega-projects which are the subject of major design-build contracts, these organizations ...
In a proposed rule to be published today, April 1, 2013, in the Federal Register, the United States Environmental Protection Agency will withdraw the numeric effluent limits for construction stormwater turbidity that the agency previously had proposed in 2009. EPA is now proposing a rule that specifies minimum Best Management Practices (BMPs) as effluent limitations for purposes of controlling pollutants in construction site stormwater runoff. In general, the rule concludes that BMP-based effluent limits constitute both a technically feasible and a cost effective way to ...
Almost a year to the day from when the procurement began, the East End Crossing P3 project has achieved financial close. Raising nearly $1 billion of public and private debt and equity funding, WVB East End Partners, made up of equal shares to WI East End (Walsh), VINCI Concessions Investments and Bilfinger East End Holdings, will now finalize design and begin construction of the project which consists of a new bridge over the Ohio River, a tunnel as part of the Kentucky approach, and a highway as part of the Indiana approach. Indiana Finance Authority acts as the public sponsor under the ...
This year, the American Road and Transportation Builders Association (ARTBA) will be holding its 25th Annual Public-Private Partnership conference on July 24-26 in Washington, D.C. To commemorate the silver anniversary of the conference, ARTBA has announced that a special cocktail reception and gala dinner will be held at the Smithsonian Museum of American History on the evening of July 25.
Attendees will have exclusive access to the ARTBA-sponsored America on the Move exhibition currently on display at the museum. The exhibition explores the role of transportation in American ...
Texas Department of Transportation (TxDOT) executed agreements on March 22 for the development of the SH 99 Grand Parkway project with Zachry-Odebrecht Parkway Builders, JV, a joint venture comprised of Zachry Construction Corporation and Odebrecht Construction Inc. The agreements provide for the design, construction and long-term capital maintenance of the Grand Parkway project, a 38 mile, greenfield toll road in Houston.
Project Details
The high-priority project reaching final award consists of Segments F-1, F-2 and G of the Grand Parkway, part of a proposed 180+ mile ...
The U.S. Environmental Protection Agency (EPA) has issued a report that details funding mechanisms and development strategies that communities can use to provide innovative financing options for transit-oriented development (TOD).
The report affirms the need for local and state transportation agencies to continue to think beyond traditional funding, procurement and contracting approaches to satisfy their burgeoning infrastructure needs.
Detailed in the report is an explanation of innovative financing mechanisms, which should be required reading for those interested ...
Nossaman’s 30-plus infrastructure attorneys offer clients, colleagues, strategic partners and industry media a wealth of practical experience, insider insight and thoughtful analysis here on Infra Insight. We blog about what we know best, from industry-leading procurements to local and national policy developments that affect the market and our clients.
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