US P3 Transport Finance

Escalating political/equity risks for I-77 South toll lanes:

• City Council majority supports pause to assess economic, environmental, social...

Vintage 1975 clip sparks public outrage over unmet promise of free DNT by 2005.

• Initial plan for toll removal post-payoff upended by 1997 NTTA...

Federal funding cliff looms for transit capital projects:

• 22.7% transit cut to $16.3B, 82% rail slash to $2.8B – targeting discretionary/competitive...

• $850M vision to widen 16-mile I-40 stretch from Exit 27 (Clyde) to Exit 44 (Asheville) to 6-8 lanes
• Addresses daily commuter bottlenecks long frustrating Haywood-Buncombe drivers
• New study positions express lanes as fastest funding path for the fix

Local political hurdles hit GDOT's $70-85M diverging diamond interchange at I-285/Roswell Road:

• Council rejects concept over impacts to 23 parcels,...

Texas SH 130, the US's only 85 mph highway, emerges as a prime AV trucking testbed due to high speeds and low traffic.

Key P3 developments:
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The U.S. Government FY2027 Budget requests $40,000,000 for necessary expenses related to the Office of the Assistant Secretary for Research and Technology.

Key SC DOT financing update: Bill 5071 authorizes multiyear payment obligations as appropriation-backed availability payments or milestone payments...

Investor Alert: Federal judge greenlights breach of contract, implied contract, and unjust enrichment claims against private operator Bay City Bridge...

Key investment opportunity for P3 concessionaires: SH 130 partners with Einride to build autonomous freight corridor on 41-mile SH 130 stretch between...

Emerging liquidity crunch threatens private credit availability:

• Redemption waves slamming Cliffwater and Blackstone funds
• 5% quarterly caps...

Hamilton Lane invests in Republic to broaden retail participation in private markets via tokenization.

Key implications for infra PE investors:
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Airport P3 Developments

• 🔥 AFCO SLC Cargo Facility: Aviation Facilities Company (AFCO) has entered a long-term ground lease with Salt Lake City...

Southern states dominate Reason Foundation rankings for efficient highways:

• VA, GA, SC, NC top cost-effectiveness and condition
• Organized DOTs,...

Key resets amid ethics fallout from Applegreen's withdrawal:

• Oversight boost: New P3 commission and highway division shift; project split into...

Key P3 structure: AFCO secures long-term ground lease with SLCDA to develop, lease, and manage 150k sq ft multi-tenant cargo facility...

Cashless tolling revenue leakage: NY MTA owed $350M in unpaid tolls/fees, from intentional evasion by repeat offenders.

• Scale: Tolls generated...

MassDOT Service Plaza P3 Hearings

• 🔥 Second Senate Hearing on Botched Deal: The Senate Post Audit and Oversight Committee held its second...

Key timeline exposing procurement ethics pitfalls in MassDOT's $1B service plaza P3:

• 2025 award flop: Applegreen selected for 35-year overhaul of 18...

Build America Bureau's executive director calls on the P3 industry to recognize the importance of public trust and work with authorities to shrink lengthy procurement processes.