News & Analysis as of

TIFIA

"President Trump’s 2018 Budget Blueprint: Takeaways for Infrastructure Investors"

On March 16, 2017, the Office of Management and Budget released “America First: A Budget Blueprint to Make America Great Again” (the Blueprint), which outlines the Trump administration’s discretionary funding proposals for...more

OCTA Signs DB Contract for $1.9 Billion Managed Lanes Project in California

by Nossaman LLP on

Last week the Orange County Transportation Authority executed the design/build contract for the I-405 Improvement Project with OC405 Partners, a joint venture consisting of OHL USA and Astaldi Construction Corporation. With a...more

"Trump Infrastructure Plan May Open Opportunities for Projects"

After nearly two decades of widening concern over the declining state of U.S. infrastructure, it was not surprising that infrastructure became a central theme in the 2016 election cycle. Improving our nation’s transportation,...more

2016 Water Legislation Reaches New Areas & Sets the Stage for President-Elect Trump

In enacting the “Water Infrastructure Improvements for the Nation Act,” Congress expanded the traditional role of Water Resource Development Acts. Where past legislation focused solely on water and navigation projects to be...more

U.S. DOT Unveils Build America Bureau

by Nossaman LLP on

U.S. Transportation Secretary Anthony Foxx, senior Department staff, and even an official from the White House gathered at U.S. Department of Transportation headquarters on July 20th to celebrate the grand opening of the...more

House and Senate Conference Committee Reports Out Five-Year Surface Transportation Reauthorization Bill

by Nossaman LLP on

The House and Senate conferees have agreed on a compromise $305 billion five-year surface transportation authorization: the Fixing America’s Surface Transportation (FAST) Act. The bill should be headed to the White House in...more

Highlights of H.R. 22: Fixing America's Surface Transportation (FAST) Act

by Baker Donelson on

On December 1, a conference committee unveiled the FAST Act, which would authorize approximately $305 billion for highway, transit, rail and safety spending for the next five years, until September 30, 2020. The Act would...more

A Little Bit of Something for Everyone in New Surface Transportation Bill

by Beveridge & Diamond PC on

The “FAST Act” (Fixing America’s Surface Transportation) that will likely pass Congress this week and be signed soon thereafter by President Obama contains a veritable potpourri of funding, permitting, safety, and innovation...more

Port of Miami Tunnel Open for Traffic

by Nossaman LLP on

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

by Shearman & Sterling LLP on

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

EPA Won't Require Formal Rulemaking for WIFIA Program

by Nossaman LLP on

During the “Use of WIFIA” breakout session at the NCPPP P3 Connect conference this week in Denver, Elizabeth Corr, Associate Division Director for the EPA, confirmed that the agency will not need to complete the formal...more

Congress Passes Water Resources Bill Encouraging Public-Private Partnerships for Water Supply and Treatment Construction Projects

Water infrastructure projects across the nation may soon have access to innovative financing programs and increased public-private partnership (P3) opportunities. House Bill 3080 (2013) or the Water Resources Reform and...more

Congress Passes WIFIA Pilot Program

by Nossaman LLP on

Following the 412-4 vote in the U.S. House on Tuesday and the 91-7 vote in the U.S. Senate yesterday, the president is expected to quickly sign into the law the Water Resources and Reform Development Act of 2014 (WRRDA). In...more

President Obama Delivers Transportation Authorization "GROW AMERICA" Act to Congress

by Nossaman LLP on

On April 29, 2014, President Obama delivered a draft of "Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America" or "GROW AMERICA"...more

Infrastructure Alert - January 8, 2014

by Cozen O'Connor on

As 2014 begins, congressional appropriators are working on drafting and passing omnibus legislation (12 appropriations measures in one bill) to fund the government before the January 15 deadline. Meanwhile, the Water...more

Tappan Zee Receives $1.6 Billion TIFIA Loan

by Nossaman LLP on

The New York State Thruway Authority has received federal approval of a 35-year low interest loan for the $4.8 billion Tappan Zee bridge replacement project through the federal government’s Transportation Infrastructure...more

How To Fix RRIF (If Congress Wanted To)

by Nossaman LLP on

Last week I attended an invitation only round table organized by Karen Hedlund, Deputy Administrator for the Federal Railroad Administration. The round table was held in conjunction with the High Speed Rail Conference held...more

NTE Segments 3A & 3B Project Reaches Financial Close

by Nossaman LLP on

The North Tarrant Express Segments 3A & 3B Project (Project) reached financial close earlier today. The Project will provide over $1.5 billion of needed infrastructure to the Fort Worth area, as well as operations and...more

TIFIA Program Office Releases Updated Program Guidance and Templates

by Nossaman LLP on

In other TIFIA news . . . Yesterday, the TIFIA Program Office released updated TIFIA program guidance and loan document templates that purport to reflect the July 6, 2012 enactment of MAP-21....more

TIFIA Joint Program Office to Move?

by Nossaman LLP on

In addition to taking testimony from public agency project sponsors and industry leaders during the July 24, 2013 oversight hearing on TIFIA conducted by the Senate Committee on Environment and Public Works, the Committee...more

Senate Committee on Environment and Public Works Holds Oversight Hearing on TIFIA, Nossaman Partner Testifies

by Nossaman LLP on

Showing concern for the TIFIA JPO’s slow pace of credit approvals for major US transportation, on July 24, 2013, the Senate Committee on Environment and Public Works conducted an oversight hearing on the implementation of the...more

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