The Port Authority of New York and New Jersey expects to start construction of a $1.5 billion cable-stayed bridge connecting Elizabeth, N.J. and Staten Island, N.Y., by year-end now that a public-private partnership financing package has been agreed.
Past Posts
Gasoline Blues
Last month, in a blog post we mentioned that California has one of the highest gas taxes in the nation and we wondered if it wasn’t time for a rethink in the way we finance our roads. Other West Coast states are apparently way ahead of us.
California Can Be a "Can-Do" State
The Brookings Institution held a forum in Washington D.C. last month titled ‘Can-Do States: A New Era for Infrastructure Investment.’ Public and private sector representatives from Colorado, New York, Virginia and British Columbia discussed their various approaches to public private partnerships.
Gas taxes can’t meet wear and tear on state’s roads
A report from the American Petroleum Institute said that California has the highest state excise tax on gasoline of any state in the country, at 36 cents per gallon. Compare this to Florida at 4 cpg; New York, 8.1 cpg; New Jersey at 10.5 cpg, or even the national average of 20.9 cpg, and you would probably think that California’s roads are the best in the nation.
They are not.
Good News for P3s: Investor allocations to infrastructure set to grow
A report issued by global private equity advisor Altius Associates reportedly forecasts that institutional investors are set to increase their allocations to infrastructure funds from 1 percent to 5 percent of total assets over the next decade. If such a prediction comes to pass, that’s good news for California infrastructure.
Zig meir das Geld
At a speech in Miami in April, President Obama returned to the topic of infrastructure development in the United States. It’s a contentious debate that is frustrating to many of us because there seems to be widespread agreement that the U.S. needs updated infrastructure.
Case in point: our colleagues at ASCE recently released their updated Report card on U.S. Infrastructure. This year’s grade, D+, is the worst since 2001.
The not-so Golden State
A new study by CBS Marketwatch shows the widening gap between the haves and have nots among California municipalities.
Five cities within the state’s Central Valley – Sacramento, Stockton, Modesto, Fresno and Bakersfield – are big enough to be included among the nation’s 100 largest metro areas. That’s the good news.
New York State Embraces P3’s
Wanna buy a bridge? No, but we’ll build it for you…
The Port Authority of New York and New Jersey is the latest public agency to see the wisdom of a public–private approach to major infrastructure projects.
San Francisco Based T.Y. Lin International Wins Engineering Excellence Award
T.Y. Lin International has received an Honor Award from the California Chapter American Council of Engineering Companies for their work on the Taijiang Bridge in Sanmin, Fujian Province, China.
ACEC California Firm T.Y. Lin Honored
T.Y. Lin International has received an Honor Award from the California Chapter American Council of Engineering Companies for their work on the Rose Creek Bikeway and Pedestrian Bridge in San Diego.
Completed in April 2012, the 360’ clear‐span bridge fills a gap in the existing regional Class‐I bicycle network. The project is a vital link for cyclists and pedestrians, as it provides safe and convenient access between the beach communities to the west, to the residential and business districts to the north, east and south. The design of this cast‐in place prestressed cantilevered box girder bridge is unique to California and provided San Diego with a landmark structure.
