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From Second and State: Legislative Preview — September 2014

The legislature returns to Harrisburg next week for three of the remaining nine days of the 2013-2014 legislative session. While it is still unclear as of Friday what bills will see floor action, these three session days are...more

House Transportation & Infrastructure Committee's Panel on Public-Private Partnerships Release Recommendations

On September 17, the House Transportation & Infrastructure Committee’s Panel on Public-Private Partnerships (P3s) released its report and recommendations. The group, empaneled in February of this year, was tasked with...more

Growing Trend: Private Investment in Infrastructure and Transportation

As P3 Bulletin, the New York Times and Richard Cavallaro, the new CEO of international construction company Skanska’s US operations, have recently stated, the increase in private investment and Public Private Partnerships...more

Six Regional Projects Awarded Federal Funding

Good news California: local projects are continuing to receive federal funding. Caltrans announced last week that the U.S. Department of Transportation has granted nearly $35 million in TIGER funds to six local and regional...more

Investing in Georgia: Economic Development Newsletter - August 2014

Welcome to King & Spalding's economic development news bulletin, Investing in Georgia. In this edition, you will find: - A report on the volume of private activity bond issuances in the United States generally and in...more

The Issue of Priority and Statutory Ship Mortgages in the British Virgin Islands

Shipping business in the British Virgin Islands (BVI) is fast developing, and with this development, it is important to understand some critical elements, being financing and taking of security; hence, the significance of BVI...more

The Port of Miami Tunnel is Open!

The Port of Miami Tunnel’s opening on Sunday, August 3, 2014 marked a rousing day for Miami. Not just because police cruiser sirens, motorcyclists and tractor trailers inaugurated new, underwater lanes for thousands of...more

How Convenient: Vessel Registration and Mortgages in the Republics of the Marshall Islands and Liberia

Two registries of significant interest to shipowners are the registries of the Republics of the Marshall Islands and Liberia. Significantly, insofar as it does not conflict with the statutory laws, each country has adopted...more

OCTA 91 Express Lanes Bonds Get 2 A's from S&P

In an historic move, Standard & Poor’s upgraded the Orange County Transportation Agency SR91 Express Lanes Toll Revenue Bonds to “AA-”, making it one the highest rated managed lanes projects in the world. The bonds were...more

Port of Miami Tunnel Open for Traffic

On August 3, 2014, the Florida Department of Transportation (FDOT) and the Port of Miami achieved an important milestone when the est. $1 billion Port of Miami Tunnel opened for traffic. The project consists of twin tunnels...more

Federal Surface Transportation Reauthorization: A Temporary Detour

Facing the imminent bankruptcy of the federal Highway Trust Fund (the “HTF”) and the specter of delays and reductions in payments from the HTF to the States, the US Congress last week passed the Highway and Transportation...more

Congress Rallies for Short-Term Highway Trust Fund Patch

Congress passed a bill (HR 5021) to provide a short-term funding patch for the Highway Trust Fund (“HTF”), just one day before the United States Department of Transportation was scheduled to begin slowing reimbursements to...more

Congress Passes Highway Funding Bill; Includes Pension Funding Relief

Last week, Congress gave final approval to a $10.8 billion bill that will keep federal highway funds flowing to states through the busy summer construction season. While this short-term “patch” offers some relief, it is now...more

Arizona DOT Announces Procurement Decision for South Mountain Freeway Project

The Arizona Department of Transportation announced today its decision to deliver the $1.9 billion South Mountain Freeway Project under a single design-build-maintain public-private partnership. While there will be a...more

Highways, Taxes, and Partisanship: The Next Crisis

The Highway Trust Fund is almost empty; it is running on fumes. Without congressional action before the August recess, the fund that has been essential since the 1950s to maintain the nation's transportation infrastructure...more

Capital Thinking: Tax and Retirement

LEGISLATIVE ACTIVITY - Senate to Vote on Highway funding bill - This week, the Senate is expected to vote on H.R. 5021, the Highway and Transportation Funding Act of 2014, which recently passed the House by a...more

Build America Transportation Investment Center

On July 17, President Barack Obama announced the launch of the Build America Investment Initiative. The initiative includes a host of measures to increase infrastructure investment and economic growth, including the formation...more

President Obama Seeks To Expand Market for P3 Transportation Projects

As part of his ongoing effort to urge Congress to address the nation’s critical infrastructure needs, President Obama recently announced the signing of an executive order creating the Build America Investment Initiative (the...more

Infrastructure Investment Through P3s

Last month, a roundtable policy discussion on ways the financial community can invest in infrastructure using public-private partnerships (also known as P3s or PPPs) took place in New York City. The panel, chaired by U.S....more

President Announces Public-Private Partnership Initiative for Infrastructure Development

President Obama has announced an initiative to encourage public-private partnerships for infrastructure development. Along with the recently touted “infrastructure bank,” Thursday’s announcement shows additional...more

Capital Thinking: Tax and Retirement

LEGISLATIVE ACTIVITY - SENATE FINANCE COMMITTEE Aims to MARKUP HIGHWAY FUNDING BILL - While not yet noticed, the Senate Finance Committee is expected to markup a short-term highway funding bill before the...more

P3 Infrastructure Forum

My partner Bob Shuster and I recently attended the annual P3 Infrastructure Forum in NYC. Organized by InfraAmericas, it brings public and private players in the P3 space together for a couple of days to discuss the status of...more

Plan Nord: Québec Liberal Government Relaunches the Plan Nord

On June 4, 2014, the first budget (Budget) of the new Liberal government, in power since April 7, 2014, was tabled in the Québec National Assembly. The Budget provides for certain measures to relaunch the Plan Nord, as...more

Miami-Dade Keeping up with National P3 Trends

As discussed in our last post about national and local developments in public-private partnership (P3) legislation, Florida is keeping up with the P3 trend and Miami-Dade County is not far behind. Miami-Dade’s Citizens...more

TRB Hosts 5th Annual International Finance Conference

The Transportation Research Board’s (TRB) 5th annual International Conference on Financing Surface Transportation will be held from July 9-11, 2014 at the Arnold and Mabel Beckman Center in Irvine, CA....more

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