- Caltrans Express Lanes Project's Projected Economic Impact Far Exceeds Building Costs
- NY Thruway Launches $15.5 Million Resurfacing Project
- Ferrovial Advocates For Increased US Acceptance Of P3s
- These are just some of the toll industry developments TRN is following.
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Caltrans Express Lanes Project's Projected Economic Impact Far Exceeds Building Costs
Times-Herald reports on Caltrans’ Solano I-80 Managed Lanes Project, which ceremonially broke ground on Monday. The article looks at the cost ($243 million, including $63.47 million in federal funds) and anticipated benefits of creating a pair of tolled express lanes across a highly congested, 18-mile interstate corridor that is a vital link to Bay Area jobs and port facilities. During the launch event, local mayor and labor union official Ron Rowlett commented that the project will create an estimated $740 million in construction employment spending, generate $35 million in state and local tax revenue, and produce an overall economic impact of $1 billion.
California Caltrans (CA Department of Transportation) Express Lanes I-80 San Francisco Bay Area (CA) Solano Transportation Authority (CA)NY Thruway Launches $15.5 Million Resurfacing Project
The New York Thruway Authority announced the start of an improvement project on I-90 in Cayuga, Seneca and Ontario Counties. “The project includes pavement and safety improvements on I-90 as well as the resurfacing of three bridges.” Authority chief executive Matthew Driscoll said, “This is one of several infrastructure improvement projects in our capital program which reinvests toll dollars into the system to keep the Thruway one of the safest superhighways in the country.” Rifenburg Construction of Troy, New York, is the project contractor. Completion is expected by this fall.
Highway and Bridge Maintenance Highway and Bridge Safety (Including COVID-19 Impacts) New York New York State Thruway AuthorityFerrovial Advocates For Increased US Acceptance Of P3s
In an “Engineering News-Record” sponsored article, Ferrovial promotes public-private partnership delivery of infrastructure improvements, calling P3 a “proven method to deliver transportation mega-projects without using government funds or resources.” The firm notes, “While Europe, Canada and other parts of the world have all embraced using private dollars to supplement their public transportation systems, many [US] states have been slow to take advantage of this proven, innovative method. [P3s] are best suited to meet the many challenges of large-scale and complex projects, as they “shift management of the funding, design, construction and ongoing operations and maintenance of the road project from the public entity to the private concessionaire.” Projects undertaken by Ferrovial subsidiary Cintra US are held up as examples of the benefits of P3 collaboration.
Cintra US Ferrovial I-66 Express Mobility Partners NTE Mobility Partners P3 & Privatization Texas VirginiaThese are just some of the toll industry developments TRN is following.
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