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The new governor and concessionaire on the $2.1 billion P3 have reached a revised deal that will lower tolls and provide a 15% equity contribution to the local area.
January 23 -
The bill would require government agencies to undertake an independent audit and a public comment period before entering into P3s among other provisions.
December 19 -
The delays have led to a technical default by the design-build contractor on the $450 million project to design, finance, build, operate and maintain the Thruway's 27 service areas.
December 4 -
Well-known municipal restructuring and P3 attorney Karol Denniston, the Global Projects Partner at Squire Patton Boggs, talks with infrastructure reporter Caitlin Devitt about the growing popularity of predevelopment agreements as well as the P3 pipeline and legal challenges like the University of Iowa's litigation over its 50-year energy concession. (38 minutes)
November 21 -
The deal marks one of the rare instances of true asset recycling in the U.S.
November 8 -
Nevada state officials have partnered with two companies that specialize in working with charter schools to create a $100 million revolving loan fund to build schools and refund existing high-interest debt.
November 2 -
A state congressional committee voted down a proposal to replace the aging Calcasieu Bridge with a toll-road through a public-private-partnership. Now limited options remain to carry out the work, say some state officials.
October 26 -
The deal is expected to be executed Dec. 14, putting four government-run tollways under Albertis Infraestructuras SA, which already runs Puerto Rico toll roads.
October 18 -
The commonwealth revamped its P3 law last year in the wake of a court ruling striking down a tolled bridge program.
October 17 -
The two-day meeting in Atlanta kicked off what the mayors say will be a regular meeting to promote more public-private partnerships for infrastructure projects.
October 6