concessions
Blackstone Group recruits Macquarieites for infra fund
Posted Tue, 2008-09-30 19:35Macquarie, a major Australian investment bank, has suffered a major loss of capitalization in the recent weeks, and is retrenching to preserve liquidity. They have announced the sale of their concession on a major bridge in Lisbon Portugal.
TOLLROADSnews 2008-09-30
China Infrastructure Investment Corp now trading on NASDAQ
Posted Tue, 2008-08-12 18:42
China Infrastructure Investment Corporation one of hundreds of investor-owned toll road companies in China is different in that it is now traded on the NASDAQ in New York (trading symbol CIIC). Incorporated in Nevada, it is headquartered in Henan province in China.
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Penn Pike Commission requesting expressions of interest in completing Mon Fayette and S Beltway TRs
Posted Tue, 2008-03-04 21:40
The Pennsylvania Turnpike Commission at a meeting today approved a staff proposal to advertise for expressions of interest in a toll concession to build three remaining sections of the connected Mon-Fayette Expressway and Southern Beltway projects south of Pittsburgh. They constitute some 83km (51.6 miles) of expressway with a project cost of about $5.2b, the Turnpike says in a statement issued after the meeting.1160 words read more »
Pennsylvania Turnpike Commission status quo better than concession - Democrat Caucus experts
Posted Mon, 2008-03-03 22:31
A report commissioned by the Democratic Caucus of the state House slams Governor Rendell's proposed longterm lease/concession for the Pennsylvania Turnpike, claiming that a corporate concession will have a present value of only $14.8 billion vs the Turnpike Commission (PTC) under Act 44 being worth $22.8b to $26.5b at present value. (CORRECTION HERE 2008-03-04 12:30 We initially misread the report. 741 words read more »
Central government struggling to control tollroads in China - market forces dominant
Posted Thu, 2008-02-28 21:21
Beijing's Xinhua news agency reports attempts by the central government of China to assert control over provincial government initiatives in building tollroads. 881 words read more »
Penn Pike chief says planning to issue concession RFPs for els in Pittsburgh, Philadelphia (ADDITIONS)
Posted Wed, 2008-02-27 21:29
Penn Pike chief Joe Brimmeier is saying the Turnpike Commission is planning to issue Requests for Proposals shortly for toll concessions to build elevated toll express lanes on:
- (1) the Parkway East (I-376) east of Pittsburgh
- (2) the Schuykill Expressway (I-76) northwest of Philadelphia (pronounced 'skookull' with appropriate Dutch/Philly gutterals. REVISED)
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Dulles Toll Road unlikely to go to Airports Authority in wake of FTA 'No' to rail $s
Posted Sun, 2008-01-27 20:41
In the wake of the Federal Transit Administration's 'No' to Virginia's request for federal funding for construction of the $5b Dulles Rail project, state officials are rethinking their plan to have the area's Airports Authority take over the Dulles Toll Road. This could open the way for resumption of the private sector concessioning that was interrupted by the MWAA intervention in 2006.
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Local report of demise of Georgia toll projects exaggerated - new GDOT head reviewing (REVISED)
Posted Fri, 2008-01-11 16:50739 words read more »
Macquarie and Transurban report traffic numbers - US concessions weak
Posted Thu, 2008-01-10 20:17
Releases to the Australian Stock Exchanges coincidentally both on Jan 10 by Macquarie and Transurban show generally strong
traffic numbers for 2007, but a few laggards mainly in the US. 407ETR the all electronic tollroad in Toronto Canada continues a star performer for Macquarie (which owns 30%). In its eleventh year it showed a 6.1% growth in vehicle kms to 2.25b 2007/2006. 788 words read more » Ric Williamson in one of last interviews said concessions will be reinstated - REASON FOUNDATION
Posted Mon, 2007-12-31 18:36
Ric Williamson chairman of the Texas Transportation Commission said in one of the last interviews before his death Sunday morning that he thought the state Legislature will reinstate private toll concessions at the end of their 18 month review. The interview was with Len Gilroy, a Reason Foundation researcher based in Texas, and is just published today on the Reason website.218 words read more »
Schwarzenegger making new push for PPPs & union critic hits two toll road concessions
Posted Wed, 2007-11-28 19:18
California governor Arnold Schwarzenegger is planning another push to get legislation passed to facilitate public private partnerships (PPPs). Previous efforts to get law more hospitable to private sector ownership of infrastructure including toll concessions have run into opposition from civil service unions and their supporters in the Democratic Party which has majorities in both houses of the legislature.1120 words read more »
Turnpike chief says many toll opportunities remain in Texas - interview with Phil Russell
Posted Sun, 2007-11-25 19:09
Texas DOT Turnpike division chief Phil Russell says that the Trans Texas Corridor 69 (TTC69) will offer opportunities for both public authority style tolling and private lease concessions. He says the decision announced last week to look first at upgrading existing routes is "no different" from the approach taken on TTC35. The difference of the second TTC, he says, is only in the nature of development along the route.
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Dobbs demagogues at toll concessions again - with COMMENT
Posted Tue, 2007-10-09 12:55
CNN anchor Lou Dobbs and reporter Lisa Sylvester were at it again last night (Oct 8) beating up on toll concessions, this time the Virginia DOT's negotiations with Transurban and Fluor for building toll lanes on the Capital Beltway.
A transcript follows with comments interposed (PSam for Peter Samuel):
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More detail on three Florida lease-concession prospects
Posted Wed, 2007-10-03 20:19
Florida
DOT have provided us with some more detail on their assessment of the
value of three possible toll facilities to be put out for bid by
investors. We've got "Possible leases of existing toll facilities" a
five page screed dated 2007-09-05. It says the Sunshine Skyway Toll
Bridge in Tampa, Alligator Alley Naples to Ft Lauderdale, and Beachline
East expressway are "most likely candidates for consideration."
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Florida governor Crist considering toll concessions on three state TRs and bridge - Orlando Sentinel
Posted Sat, 2007-09-22 11:25
Florida Gov Charlie Crist is seriously considering longterm toll concessions, the Orlando Sentinel reports, on three Florida DOT properties bringing in between $1.12b and $2.92b. The three being considered are:
- Beachline Expressway FL527 which runs as a "bee line" between Orlando and the Atlantic coast (it was formerly called the Bee Line Expressway)
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Texas Governor chides US transport chairmen for anti-toll concession stance
Posted Fri, 2007-07-06 13:16620 words read more »
Commission head says Trans Texas Corridor 35 proceeding despite "moratorium"
Posted Fri, 2007-06-29 09:00
Texas law on tollroads has become as incomprehensible as the US income tax. Or US immigration law. You can devote hours to reading it, and employ professionals to interpret it, but you'll still get conflicting interpretations, the thing is such a mess of conflicting provisions, of prohibitions and exceptions, of elusive definitions, and so stuffed full of verbal padding that it tires the most indefatigable.
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NTTA interoperability charges criticized by TxDOT
Posted Tue, 2007-06-26 15:18We asked TxDOT and NTTA for a succinct statement of the issue.
984 words read more » Cintra/JPMorgan dumped - regional officials vote 27/10 to have SH121 built by NTTA
Posted Mon, 2007-06-18 15:47172 words read more »
