Finance & Banking, Transportation Law

Capital Thinking Updates - May 16, 2013

by Amy Davenport, Tanya DeRivi, Alexis Early, Eugenia Edwards, Jared Fleisher, Norma Krayem, Karen Kudelko, Matthew Kulkin, Jessica Monahan, Amy Budner Smith, Stacy Swanson, Joseph Urso, more +Sarah Vilms, Kristin Wells, Pam Welsh | Patton Boggs LLP on 5/21/2013

In This Issue: - General Legislative - Agriculture and Food - Budget and Appropriations - Cybersecurity - Defense - Education - Energy - Environment - Financial Services - Health...more

Jobs Want to Go Where the Railroads Are

by Jaya Velamakanni | Nossaman LLP on 5/21/2013

On April 24, 2013, Norfolk Southern (“NS”) CEO Wick Moorman spoke before the US House of Representatives Transportation Infrastructure Committee’s Special Panel on 21st Century Freight Transportation about the need to focus...more

Business Across Borders - Licence to travel: how regulation is benefiting business abroad

by M. Tamara Box, Lindsay East, Daniel Kadar, Edward S. Miller, Cynthia O'Donoghue, Roger Parker, Anker Sorensen, Richard Swinburn, Philip Taylor | Reed Smith on 5/10/2013

Our Business Across Borders report series, written by The Economist Intelligence Unit, investigates the biggest issues facing global business. The first of five reports and video commentary, Licence to travel, examines...more

California Heavy-Duty Vehicle Greenhouse Gas Emission Reduction Regulations

by Alan Mogol | Ober|Kaler on 5/7/2013

Lessors of tractors or trailers may be subject to California's regulations pertaining to the reduction of greenhouse gas emissions. California's regulations pertain to heavy-duty tractors and 53-foot or longer box-type...more

HB 85 – Act Relating to Public-Private Partnerships

by Mark Herron | Messer & Caparello, P.A. on 4/25/2013

In the wake of the recent recession, a number of states, including Florida, are exploring new and innovative solutions to the problem of insufficient funding for the construction and improvement of public facilities. At the...more

New Round of TIGER Announced

by Patricia de la Peña | Nossaman LLP on 4/25/2013

The U.S. Department of Transportation announced Monday that it is making $474 million in financing available through its transportation investments grant program pursuant to the Full-Year Continuing Appropriations Act, 2013...more

Case Study: A Landmark in the History of U.S. Public-Private Partnerships

by Pillsbury Winthrop Shaw Pittman LLP on 4/25/2013

“The $2.6 billion deal to lease San Juan’s Luis Muñoz Marín International Airport to a private consortium is being watched by bankers and industry officials keen to import a business model that is widely used in Europe and...more

President's Budget Includes Funding For Two LACMTA Projects

by Kevin Sheys | Nossaman LLP on 4/18/2013

Possibly lost in the shuffle of the rollout last week is the news that the President’s budget proposal (PDF) includes $130 million to help fund two significant transit system improvements in Los Angeles, the Regional...more

Proposed 2014 Budget Encourages Private Investment in Infrastructure

by Frederic Ballard, Jr., Scott Cockerham, Charles Henck | Ballard Spahr LLP on 4/15/2013

This week, the Obama administration released its proposed budget for the 2014 fiscal year. Notably, the budget encourages private investment in infrastructure projects through various liberalizations of the tax laws relating...more

Maryland Transit Administration Issues RFI on New Purple Line and Red Line

by Jaya Velamakanni | Nossaman LLP on 4/12/2013

This week the Maryland Transit Administration (“MTA”) issued a Request for Information (“RFI”) requesting private sector involvement to collect best practices for delivery and financing of the planned Maryland National...more

Maryland Passes P3 Legislation

by Sharifa Anderson, Steve Park, Brian Walsh, David Winstead | Ballard Spahr LLP on 4/9/2013

Legislation encouraging the use of public-private partnerships (P3s) to address Maryland’s growing infrastructure needs has been passed by the General Assembly and signed into law by Governor O’Malley with bipartisan...more

Public-Private Partnerships A Winning Strategy

by Albert E. Dotson, Jr. | Bilzin Sumberg Baena Price & Axelrod LLP on 4/5/2013

The global recession was unkind to communities across the United States and around the world. Facing diminished tax bases, frozen capital markets and a reduction in federal and state funding, many local governments shelved...more

President Obama Proposes Plan To Encourage Private Investment in Infrastructure

by Kurt Anderson, Steve Park, Brian Walsh | Ballard Spahr LLP on 4/5/2013

President Obama recently announced the Rebuild America Partnership plan (RAPP), a bipartisan effort focused on rebuilding the nation’s aging infrastructure and driving economic growth. Through RAPP, the President proposes to...more

East End Crossing Achieves Financial Close

by Barney Allison | Nossaman LLP on 3/29/2013

Almost a year to the day from when the procurement began, the East End Crossing P3 project has achieved financial close. Raising nearly $1 billion of public and private debt and equity funding, WVB East End Partners, made up...more

Massachusetts Public-Private Partnerships: Time to Prime the Pump

by Steven A. Baddour | McDermott Will & Emery on 3/28/2013

This newsletter provides an update on the status of public-private partnerships in the Commonwealth of Massachusetts....more

Public-Private Partnerships – The Future May Be Sooner Than Thought

by Sean Sullivan | Fowler White Boggs P.A. on 3/26/2013

Public-Private Partnerships, also known as P3, are evident in Florida. A P3 is a contractual relationship between a public agency and private entity that agree to share risk and rewards of a project. Historically, these...more

Under The Dome: Inside The Maine State House 3-22-13

by Avery T. Day, John D. Delahanty, Andrea Cianchette Maker | Pierce Atwood LLP on 3/25/2013

In This Issue: - Governor Does Not Act on Veto Threat - Appropriations Committee Continues Public Hearings on Biennial Budget - Governor Explores Medicaid Expansion - Legislature Gets a Snow Day - Governor...more

Are You “Betting the Company” Through Your Handling of Customer Funds or By Virtue of Transfer of Title Provisions Related to...

by John Talbot Sant | Armstrong Teasdale LLP on 3/14/2013

Two common types of arrangements between contracting parties can create excessive financial risk for a party. The first is a company serving as a middleman or payment agent by accepting funds from a customer and then...more

From One End of the US to the Other, Project Finance Magazine Recognizes P3 Projects as Deals of the Year

by Simon Santiago | Nossaman LLP on 3/12/2013

On March 7, Project Finance Magazine held its annual “Project Finance Americas Deals of the Year” awards dinner in New York City. The awards – which started 14 years ago – are for innovation, deal repeatability, best...more

Transportation Finance Digest: Volume 1

by Mara Abols, Jenny Arvidsson, Michael Berens, Jessica Berenyi, William Bowers, Maria Cho, Melissa Jones-Prus, Mark Lessard, Charlotta Otterbeck, Paul Sass, Michael Schumaecker | Pillsbury Winthrop Shaw Pittman LLP on 2/28/2013

In This Issue: - Introduction - All Hat And No Chattel: Life After Cape Town - Q&A - The Future Of Eca Financing - Deal Of The Year - An Innovative Engine Re-Securitization - Pillsbury Case...more

New Law Expands Scope of Iran Sanctions In New Ways

by Scott Maberry, Matthew Riemer | Sheppard Mullin Richter & Hampton LLP on 2/15/2013

As the new year brings in a new term for the Obama Administration, the pace of Iran sanctions shows no sign of slowing. As we reported in October and November, Washington’s commitment to denying Iran the ability to advance...more

Project Finance International

by Barney Allison | Nossaman LLP on 2/13/2013

Originally Published in Project Finance International, February 13, 2013. We all know the story of Goldilocks and the Three Bears. Young girl gets lost in the woods, stumbles upon a house and discovers the occupants...more

Can New Jersey Bank On the Infrastructure Bank?

by Kimberly D. Magrini, Steve Park, Brian Walsh | Ballard Spahr LLP on 2/12/2013

The Northeast relies heavily on transportation for its day-to-day functions. Increasingly unpredictable climate changes, dense population, and rapidly aging infrastructure have made the ability to secure financial resources...more

IRS Provides Administrative Guidance On Excludable Transportation Benefit Limits, Retroactively Increased As Of January 1, 2012

by Randall I. Cherkas, Michael Kadlec, Andrew J. Rudolph | Pepper Hamilton LLP on 1/25/2013

On January 16, 2013, the Internal Revenue Service (IRS) issued Notice 2013-8 providing a special administrative procedure for employers with respect to 2012 transit benefits. Under Section 132(f) of the Internal Revenue Code...more

Employers Can Obtain Refund for Excess FICA Tax Paid as Result of Increased Excludable Limit for Transit Benefits

by Maureen O'Brien, Ruth Wimer | McDermott Will & Emery on 1/23/2013

On January 11, 2013, the Internal Revenue Service published Notice 2013-8 providing a special administrative procedure for employers with respect to 2012 transit pass benefits. The American Taxpayer Relief Act retroactively...more

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Finance & Banking › Transportation Law