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Home » Las Vegas Nixes P3 for Big Downtown Highway Upgrade
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Finance

Las Vegas Nixes P3 for Big Downtown Highway Upgrade

September 1, 2014
Tony Illia
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Nevada's Transportation Dept., which scrapped plans to use a public-private partnership (P3) approach for a massive and costly upgrade to a congested section of Interstate 15 in downtown Las Vegas, is turning to bond markets for financing. Higher interest rates, rising finance costs and increasing operation and maintenance expenses drove the Aug. 18 about-face, according to project officials.

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