In recent weeks, President Trump has let it be known that he no longer foresees public-private partnerships as the centerpiece of his infrastructure plan. No surprise there.
Engineer Arup's traffic projections that fell short for the project, which went into receivership, are the crux of the dispute's new trial stage; deal financier Macquarie has been cross-sued.
Jordan Foster Construction will break ground on a $60-million reconstruction project next month on SH 130, in central Texas, to fix cracking and heaving problems along the 41-mile roadway.
Continued construction risk in public-private partnerships was a key topic for financing experts on a panel hosted by investment firm D.A. Davidson as part of its annual investor conference.
The Colorado Dept. of Transportation has selected the Kiewit Meridiam Partners (KMP) to lead a public-private partnership that will design, build and finance a reconstruction of Interstate 70 through Denver.
The Olympia Odos project—largest of the five concessionaires with an original contract of more than $2 billion, now restructured in a reduced scope to $1.4 billion—comes with its share of Olympic-sized challenges.