As Arizona Goes through its unbelievable growth we give credit to the Arizona dept of Transportation for putting out its 25-year growth plan showing the need to partner with the private sector on Institutional Infrastructure opportunities via P3s and or privatization of mega projects to help make up the 162.3 billion dollar shortfall. This is what we at the CABC call "Project FDI" Canadian Infrastructure Investment into Arizona. Next, the State of Arizona needs to do a 25-year Water plan like the above transportation plan showing the financial shortfall so we in the private sector can help.
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The U.S. House of Representatives' Committee on Transportation and Infrastructure recently held a hearing to evaluate the current state of transportation in our nation. During the hearing, Washington State Department of Transportation Secretary Roger Millar spoke about the effects years of underinvestment has had on the industry. “For years, infrastructure investment did not keep pace with our needs. The impacts of a lack of adequate investment to preserve and enhance our systems for all users are readily apparent and will take time and hard work to overcome,” he explained in his testimony. “There is also the cost – both monetarily and in human suffering – which we all pay as a society when it comes to transportation funding and issues such as safety.” For the full article, go to: https://lnkd.in/ekDwjc2t #Transportation #Infrastructure #WSDOT #RoadwaySafety #InvestinginAmerica
House T&I Committee Hosts Hearing on Current State of Transportation
https://infratalkamerica.com
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The need for additional funds to repair the Francis Scott Key Bridge underscores a significant challenge in our infrastructure system: even with the Biden Administration’s $1.3 trillion infrastructure bill, federal funding remains insufficient. At American Infrastructure Partners, we recognize the vital role of private capital in addressing this challenge. With over $4.5 trillion in the private infrastructure sector, there’s a unique opportunity to ease taxpayer burdens and improve project efficiency. As we tackle these urgent issues, exploring innovative funding solutions is essential. Read this insightful article by our CEO, Bob Hellman, which delves into how private capital can help reshape the future of our infrastructure.
Private Capital Can Save America’s Crumbling Roads and Bridges
https://peprofessional.com
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This article explores the foundational aspects of CIP, how the bond will affect municipal infrastructure development, and the long-term implications of the proposed projects in the Hays County’s $440 Million Road Bond Proposal. https://lnkd.in/gGxQM7ss
A Strategic Approach to Hays County's $440 Million Road Bond Proposal - FLAG
https://frontlineadvisorygroup.com
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Transportation Manager and Roadway Engineer. Former FHWA. Data geek. USA Swimming Official.
ICYMI: U.S. Department of Transportation announced the latest round of awards for the National Infrastructure Project Assistance (Mega) grant program as well as the popular Infrastructure for Rebuilding America (INFRA) grant program. Combined, they awarded $4.2 billion across 44 projects nationwide. How did Florida do? I'm glad you asked.... Swing and a miss for the Mega projects. They did not receive funding this round. Counting all 5 years of this program, the Sunshine state has received one award, the St. Lucie River Railroad bridge ($130,000,000) in 2023. This round of INFRA was slightly kinder to Florida, which received three awards: Florida Department of Transportation US 1/SR 5 Long Key Bridge Replacement Project ($66.5 million) Port Tampa Bay East Port Omniport Expansion of Berths and Uplands ($22 million) Miami-Dade County PortMiami Electrification Project ($25.6 million) With stiff competition, this round saw 200 applications requesting $27 billion, resulting in a 22% win rate. The ongoing question for state and local governments remains: "Is it worth the cost to submit an application?" Just like the lottery, "you can't win if you don't play." What's your opinion? #Infrastructure #Transportation #GrantPrograms #Florida #USDOT
U.S. DOT Announces $4.2 Billion for National Infrastructure Projects
roadsbridges.com
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The push for additional funds to repair the Francis Scott Key Bridge highlights a crucial challenge: even with the Biden Administration’s $1.3 trillion infrastructure bill, federal funding remains insufficient. With trillions needed to modernize our infrastructure, it’s time to explore private capital funding as a viable solution. Government projects often face delays and cost overruns, but leveraging private investment can lead to more timely and effective outcomes. As we confront these urgent challenges, we must consider innovative funding solutions that can truly make a difference. I explore these ideas further in my recent article.
Private Capital Can Save America’s Crumbling Roads and Bridges
https://peprofessional.com