South Carolina
Concession on Greenville Connector on hold waiting full T&R study
Posted Fri, 2008-05-09 16:30
The Greenville Southern Connector in South Carolina is getting an investment grade traffic and revenue study, and meanwhile the procurement of a concession is on hold. Peter Femia, general manager of the Connector 2000 Association a not-for-profit which operates the tollroad under a 50 year license from the state told us their financial advisers Goldman Sachs recommended the T&R study and other measures before the association pressed forward with the private concession. 748 words read more »
Greenville Southern Connector up for concession offers – not-for-profit ailing
Posted Fri, 2007-10-26 21:09
The Greenville Southern Connector (GSC) is on offer to patient investors. As a not-for-profit (NFP) tollroad financed with conventional fixed interest bonds it is inexorably going broke. Last summer the Connector 2000 Association (C2A) was approached by an investor group (identify still undisclosed) with a proposal to take over the ailing non-profit, says general manager Peter Femia. 2281 words read more »
Feds approve toll construction of Interstate 73 in South Carolina - $2.1b needed
Posted Mon, 2007-08-13 21:20
At a state transportation commission meeting last week an FHWA official said the US Secretary of Transportation Mary Peters had approved the South Carolina application to build the $2.1b 130km (80 mile) I-73 with tolls. Project manager for I-73 Mitchell Metts told us today he hasn't seen any letter from FHWA but he expects it is on its way.
851 words read more »
