Public-private partnership

Private company Texas Central has pivoted to public funding to support its stalled high-speed rail project.

The annual survey shows a rising number of university leaders who are eying P3s for a range of services and infrastructure.

Norfolk Southern would buy a 338-mile city-owned railway for $1.6 billion, which Cincinnati would use to create a permanent infrastructure fund.

The 50-year concession will rebuild the aging Calcasieu Bridge, and impose the first tolls on Interstate 10.

The revenue bonds were issued through the California Municipal Finance Authority on behalf of LAX Integrated Express Solutions, the P3 project developer.

San Diego city leaders are in the early days of assembling a P3 that could transform six city blocks with fresh space for city workers and affordable housing.

U.S. District Judge Laura Taylor Swain ordered the Oversight Board propose a new plan of adjustment by July 14.

"It's a quiet revolution," said Reason Foundation's Robert Poole.

The settlement will allow Austin-Bergstrom International Airport to demolish the privately operated South Terminal as part of a midfield concourse project.

Bolstered by key political support, states across the southeast are building toll roads through public-private partnerships to manage congestion.

The acrimonious relationship between the university and its private partner has spilled into the courts and underscores that P3 deals don't remove all risks.

One of the largest P3s in the university energy space has landed in court three years into a 50-year contract.

The $3.3 billion Transportation Modernization act allows for P3s for roadway development, a first for the state.

It's the firm's third office in Alabama and part of an investment capitalizing on growth of some high-tech industries in the state, the firm's chair Christopher Maddux said.

Massive transit projects have funding momentum, and traditional road and bridge projects are advancing as well despite political opposition and some shaky funding.

The legislation, which passed the House last week, comes as the state nears a key 2026 decarbonization deadline.

The Uinta Basin railway is asking the DOT to authorize up to $2 billion of PABs for the project, which would move oil to market from northeast Utah.

The Australian toll road operator couldn't agree on terms with the state for the first phase of the project, which has been dogged by controversy and delays from the start.

After a brisk 2021 that saw a record number of P3 deals reach financial close, last year slowed to only 16 closings, according to Husch Blackwell's sixth annual P3 trends report.