These have been the most outstanding PPP/P3/PFI news I have found this week. India is starting to award highways projects and its infrastructure market is gaining momentum again. It will be very interesting to observe whether railways projects are developed under BOT contracts.
Not many news in the Americas, high speed rail lines are very expected and Ray Lahood is travelling around Europe riding speed trains in France and Spain though.
ASIA
IVRCL turnover crosses $1 b mark.India
IRB Infra looks for business outside Maharashtra.India
‘We are planning national grid of expressways across the country.India
Railways offer $2.7 tn investment opportunity.India
IDFC picks up 20% in GMR Energy's Orissa power project.India
GMR Group buys out InterGen's 100% stake in Island Power.Singapore
IDFC to close infra fund in 2 weeks.India
Taiwan´s DPP against opening BOT projects to China investors.Taiwan
OCI-Aqualia JV Submit Best Bid on Wastewater PPP.Egypt (NOT ASIA I KNOW...)
GMR Infra wins Andhra highway project. India
Indian Railways may revert to PPP mode to fund 2locomotive factories.India
EUROPE
Three banks in for Wakefield waste PFI deal.UK
Acciona Agua wins 120 million euro deal in Spain.
Abertis board approves top management changes.Spain
AMERICAS
DND dabbles with P3 model for $880M build.Ottawa.Canada
Turning the Infrastructure Into Profits .US
Europe Listens for U.S. Train Whistle
ProInversión shortlists 9 for Autopista del Sol II highway concession tender, Peru
Transportation Public-Private Partnerships Will Weather The Storm. US
Saturday, May 30, 2009
Tuesday, May 19, 2009
P3 legislation, proposed projects and Long Beach courthouse. California
This is the third post of the series of posts on "PPP/P3 LEGISLATION IN THE UNITED STATES. ONE STATE, ONE POST". The second state of the series will be California. The situation of PPP´s in California is the following:
The Reason Foundation suggested a number of Californian toll road projects that could be procured as P3s following the signature of Senate Bill 4 (SB4) into law by Governor Arnold Schwarzenegger in February.
At the time the report proposed four major projects costing a total of US$30.8bn. These were:
- a toll tunnel between Glendale and Palmdale;
- a network of HOT lanes for San Diego;
- a toll truck lanes system linking the ports of Los Angeles and Long Beach with the Inland Empire;
- a toll truck lanes system linking the Port of Oakland and Silicon Valley with I-5.
Since then, it has developed further studies and added more projects to the list. With current market conditions and the rise of construction costs, prices have not been attached to these deals but each have been described as "multi-billion dollar mega-projects". These are:
-HOT lanes network for the San Francisco Bay Area;
-Tolled truck lanes on I-5 from Santa Clarita to I-80;
-Tolled truck lanes on I-15 from Barstow to Nevada line;
-HOT lanes network for greater Los Angeles (Los Angeles, Orange, San Bernardino, and Riverside Counties);
-I-710 gap closure tunnel beneath South Pasadena;
-Riverside-Orange County tunnel from I-15 to SR 241.
The Reason Foundation concludes that many of these projects would be self-supporting from toll revenues, though the tunnel projects are the ones most likely to require a degree of state funding.
P3 Legislation
In February Governor Schwarzenegger signed a bill permitting unlimited P3 projects through to 2017. It permits increased use of design-build contracts and allows P3 toll roads.
The bill also allows for regional transportation agencies and Caltrans to enter into lease or concession agreements with a private entity for the DBFO of an unlimited number of P3s.
Prior to the signing of the bill, only four transportation projects, two in Northern California and two in Southern California could be leased to the private sector. These P3s were limited to projects that were principally designed to improve goods movement. Previous legislation also prohibited a private entity from charging tolls or user fees to non-commercial vehicles.
The statute authorizes both Caltrans and regional transportation agencies to pursue P3 procurements.
Through the bill authorizes straight toll revenue concessions, Kessler noted an opportunity to structure availability payment lease agreements, pre-development agreements (PDAs) and other forms of public-private partnerships.
Long Beach Courthouse
California's Administrative Office of the Courts (AOC) has shortlisted three teams for the DBFOM of the Long Beach Courthouse P3, Infra-Americas can reveal.
The new court building will be procured through California's Performance-Based Infrastructure (PBI) approach and will have a 35-year service agreement.
The three shortlisted teams (in order of ranking) are:
- California Judicial Partners (Meridiam Infrastructure-Edgemore Real Estate/ AECOM/ Clark Construction/ KPMG/ Johnson Controls);
- Lankford-Phelps Long Beach Developers (HOK/ Carrier Johnson/ Hensel Phelps/ Pipar Jaffray/ Grubb & Ellis);
- Balfour Beatty Capital (Perkins & Will/ Heery/Barnhart/ Barclays/ Linc Facilities).
The AOC ranked the top five consortia, although two did not make the shortlist. They were:
- Long Beach California Courthouse Consortium (Macquarie Capital Markets/ KMD/MLA/ Charles Pankow/ Goldman Sachs/ ABM);
- Acciona/ HSBC/ SOM/ Webcor/ RBC Capital/ Parsons Brinkerhoff.
If successful, the Long Beach Courthouse P3 will be the first true availability-based social infrastructure deal in the US, the first availability-based highway p3 project was the I-595 that is being developed by ACS Infrastructure development and Dragados USA.
The Reason Foundation suggested a number of Californian toll road projects that could be procured as P3s following the signature of Senate Bill 4 (SB4) into law by Governor Arnold Schwarzenegger in February.
At the time the report proposed four major projects costing a total of US$30.8bn. These were:
- a toll tunnel between Glendale and Palmdale;
- a network of HOT lanes for San Diego;
- a toll truck lanes system linking the ports of Los Angeles and Long Beach with the Inland Empire;
- a toll truck lanes system linking the Port of Oakland and Silicon Valley with I-5.
Since then, it has developed further studies and added more projects to the list. With current market conditions and the rise of construction costs, prices have not been attached to these deals but each have been described as "multi-billion dollar mega-projects". These are:
-HOT lanes network for the San Francisco Bay Area;
-Tolled truck lanes on I-5 from Santa Clarita to I-80;
-Tolled truck lanes on I-15 from Barstow to Nevada line;
-HOT lanes network for greater Los Angeles (Los Angeles, Orange, San Bernardino, and Riverside Counties);
-I-710 gap closure tunnel beneath South Pasadena;
-Riverside-Orange County tunnel from I-15 to SR 241.
The Reason Foundation concludes that many of these projects would be self-supporting from toll revenues, though the tunnel projects are the ones most likely to require a degree of state funding.
P3 Legislation
In February Governor Schwarzenegger signed a bill permitting unlimited P3 projects through to 2017. It permits increased use of design-build contracts and allows P3 toll roads.
The bill also allows for regional transportation agencies and Caltrans to enter into lease or concession agreements with a private entity for the DBFO of an unlimited number of P3s.
Prior to the signing of the bill, only four transportation projects, two in Northern California and two in Southern California could be leased to the private sector. These P3s were limited to projects that were principally designed to improve goods movement. Previous legislation also prohibited a private entity from charging tolls or user fees to non-commercial vehicles.
The statute authorizes both Caltrans and regional transportation agencies to pursue P3 procurements.
Through the bill authorizes straight toll revenue concessions, Kessler noted an opportunity to structure availability payment lease agreements, pre-development agreements (PDAs) and other forms of public-private partnerships.
Long Beach Courthouse
California's Administrative Office of the Courts (AOC) has shortlisted three teams for the DBFOM of the Long Beach Courthouse P3, Infra-Americas can reveal.
The new court building will be procured through California's Performance-Based Infrastructure (PBI) approach and will have a 35-year service agreement.
The three shortlisted teams (in order of ranking) are:
- California Judicial Partners (Meridiam Infrastructure-Edgemore Real Estate/ AECOM/ Clark Construction/ KPMG/ Johnson Controls);
- Lankford-Phelps Long Beach Developers (HOK/ Carrier Johnson/ Hensel Phelps/ Pipar Jaffray/ Grubb & Ellis);
- Balfour Beatty Capital (Perkins & Will/ Heery/Barnhart/ Barclays/ Linc Facilities).
The AOC ranked the top five consortia, although two did not make the shortlist. They were:
- Long Beach California Courthouse Consortium (Macquarie Capital Markets/ KMD/MLA/ Charles Pankow/ Goldman Sachs/ ABM);
- Acciona/ HSBC/ SOM/ Webcor/ RBC Capital/ Parsons Brinkerhoff.
If successful, the Long Beach Courthouse P3 will be the first true availability-based social infrastructure deal in the US, the first availability-based highway p3 project was the I-595 that is being developed by ACS Infrastructure development and Dragados USA.
Thursday, May 14, 2009
A Infrastructure social network: Infrastructure Deals
Hey, how are you all doing? I am quite surprised of how many infrastructure social networks are being developed on the web. Today I want to introduce you to one of these interesting websites. This website is called "Infrastructure Deals". Why do I like it?
One of the goals I have been pursuing when creating the PPP News Aggregator website is get together with a lot of people who share common professional interests. On "Infrastructure Deals" you will do that, of course. Forums, blogs, events,pictures....everything if we all want to talk about something, isn´t it easy to know where to go to do that? Yeah, it is. And what if we want to ask something related to the industry that some of our industry colleagues will know for sure...yeah, let´s go this place, and discuss it.
I have been reading lots of good discussions on Linkedin. I´m pretty sure almost all of you know that website. If not, go to Linkedin.com, sign up and join some of the PPP groups. There you will find news, job offers...everything related to the industry. But I like Infrastructure Deals because it is just one website, one group and everyone on the same place.
Give it a try and let´s debate!
One of the goals I have been pursuing when creating the PPP News Aggregator website is get together with a lot of people who share common professional interests. On "Infrastructure Deals" you will do that, of course. Forums, blogs, events,pictures....everything if we all want to talk about something, isn´t it easy to know where to go to do that? Yeah, it is. And what if we want to ask something related to the industry that some of our industry colleagues will know for sure...yeah, let´s go this place, and discuss it.
I have been reading lots of good discussions on Linkedin. I´m pretty sure almost all of you know that website. If not, go to Linkedin.com, sign up and join some of the PPP groups. There you will find news, job offers...everything related to the industry. But I like Infrastructure Deals because it is just one website, one group and everyone on the same place.
Give it a try and let´s debate!
Sunday, May 3, 2009
Research Project – Project Risk Management in Public–Private Partnership Infrastructure Projects
Hello everyone!
I just saw a student writing his Masters thesis asked us for help. He is asking us to fill up a survey he is conducting on PPPs/P3s/PFIs. You can see his goals on this link.
I am very pleased to help him and try get as many people as possible filling his survey. I am pretty sure that if gets lots data from all of us his research will be very interesting to us in the future.
I also leave you the direct link to the questionnaire. Good luck George!
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