Daily News Briefs, August 6, 2019

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Michigan City Chooses United Bridge Partners for Potential P3 Project

WJRT reports, as expected, the Bay City, Michigan, Commission voted last night to direct city staff to work with United Bridge Partners on developing a P3 agreement for the repair or replacement of two city bridges deemed deficient. The report notes that tolling would be involved in a final agreement.

Michigan P3 United Bridge Partners

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NET RMA's Miller Addresses Recent and Future Toll 49 Extensions

The Marshall News Messenger reports, North East Texas Regional Mobility Authority (NET RMA) executive Chris Miller delivered a presentation on the proposed East Texas Hourglass project to a Harrison County citizens organization yesterday. The article notes that the project, which is still in a conceptual stage, involves construction of five Toll 49 extensions that would bring the highway through Harrison County to the future I-369. Miller also reportedly talked about the recently opened Toll 49 segment 4 (the “Lindale Relief Route”), which he said is contributing to a significant increase in Toll 49 average daily transactions.

North East Texas Regional Mobility Authority (NET RMA) Texas

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Private Group Wants Monorail to Complement Maryland I-270 Widening

The Greater Greater Washington blog looks at what’s publicly known about a private advocacy group’s proposal to build a parallel, 27-mile-long monorail line in the I-270 corridor north Washington, DC. The blog post notes, Maryland officials “have promised to consider” building the facility in conjunction with plans to widen I-270 by adding tolled express lanes. (Proponents of the monorail project have posted a video overview of their proposal.)

Express Lanes Maryland Maryland Department of Transportation (MDOT) Maryland Transportation Authority (MDTA) Washington (DC) Metro Region

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Report: $350 Million India Toll Roads Sale Under Negotiation

Bloomberg reports, “Indian tycoon Subhash Chandra’s Essel Group is in advanced talks to sell some toll road projects to an arm of the country’s sovereign wealth fund for about $350 million, according to people familiar with the matter. The assets that National Investment & Infrastructure Fund is planning to buy are four toll roads that are in operations and two in construction, said the people, who asked not to be identified because the discussions are private.” Bloomberg adds, “NIIF, which manages more than $3 billion of assets, counts Temasek Holdings Pte, Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan among its investors, according to its website.” (Links added and replaced.)

India Mergers and Acquisitions P3

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These are just a few of the toll industry developments TRN is following.

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