The federal government rejected a call to impose tolls on Interstate 80 in Pennsylvania, according to the AP. The decision will force the Pennsylvania Turnpike Commission to continue making payments to the state for transportation needs. It also means the asset is more likely to fall into private hands. A consortium led by Spanish infrastructure [...]
Pension funds are eyeing U.S. infrastructure assets as an investment opportunity. Most recently, the California Public Employees Retirement System has adopted an investment policy to guide its infrastructure investments, which may include transportation, ports, energy, water and communications projects, according to Money Management Letter. The new policy will see CalPERS commit up to 3% of [...]
The Pennsylvania Turnpike Commission this month issued an announcement inviting companies interested in learning more about potential partnerships to convene for a meeting. The commission is currently considering public-private partnerships (PPPs or P3s) to finance, design, construct, operate and maintain projects along the Mon-Fayette Expressway and Southern Beltway toll highways near Pittsburgh. The Commission says [...]
Presidential hopefuls, Barack Obama and John McCain, have starkly different plans on how to reverse the year-long slide in workers’ incomes, reports Money.com. The report notes that Democratic contender, Barack Obama’s proposals of creating jobs through government investments (such as a $150 billion investment in clean energy projects and infrastructure projects he says will create [...]
Research recently released by the U.S. Department of Transportation (DOT) shows that, since last November, Americans facing rising gasoline prices, have driven 53.2 billion less miles than they did versus the same period a year earlier - topping the 1970s’ total decline of 49.3 billion miles. This marks the eighth month of steady decline. The [...]
When it comes to infrastructure, states are putting off today what they can do tomorrow. That’s according to an AP review of repairs on each state’s 20 most-traveled bridges with structural deficiencies. The study found that just 12% of those structurally deficient bridges (which are not in imminent danger of collapse) have actually been fixed. [...]
Investors around the world are turning to infrastructure to add stability and security to their portfolios. Infrastructure is considered by most investors to be long-term, inflation proof, and run contrary to business cycles. So, despite offering lower growth than traditional private equity deals, infrastructure assets are attractive due to their stable cash flow. Right now, [...]
Presidential contenders, Barack Obama and John McCain have announced plans to stimulate the economy by creating jobs. Among the most pressing issues in which the federal government is being urged to intervene: infrastructure.
Democratic hopeful, Barack Obama, has promised up to two million new jobs annually through national infrastructure investment. On his web site, Obama says [...]
As prices at the pump continue to soar, funding for U.S. infrastructure is falling. That’s according to the latest report from the U.S. Department of Transportation. A separate report by the American Association of State Highway and Transportation Officials (AASHTO) also finds that at least $140 billion is needed to make major repairs or upgrades [...]
Pennsylvania Governor Ed Rendell says infrastructure renewal would boost U.S. global competitiveness and stimulate the slowing economy battered by tighter credit and soaring oil prices. Rendell says public-private partnerships (P3’s) and imposing tolls on roads are essential to getting the job done. While governments around the world, particularly in Europe and Latin America, have shifted [...]
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