Public-private partnership

With an insolvent Highway Trust Fund, toll revenue and PABs are increasingly important for transportation financing, lobbyists said.

The hire comes as more BAM clients are considering public-private partnership financing structures.

Transportation Secretary Sean Duffy has announced plans to take over the operations at Washington Union Station while curtailing a $10 billion expansion project.

Transit expert and former MTA head "Train Daddy" Andy Byford is in charge of the $7 billion renovation.

Revenue generated by the bureau's 10 managed lane projects is, on average, exceeding original projections by 63%.

"American money is there, we just have to make it feel welcome," said board member Francis Sacr, former executive director of the Gateway Development Commission.

The grants allow governments to scan their transportation assets for potential public-private partnerships.

Mayors and city leaders are using a combination of bond financing and public private partnerships to build and preserve affordable housing while working with a patchwork of regulations and facing opposition.

Streamlining federal permitting and partnering with state DOTs are among the priorities for the next surface transportation bill.

The dueling lawsuits underscores the need for alternative dispute resolution in public-private partnership contracts, said a P3 attorney.