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The Pennsylvania Department of Transportation will negotiate with a nine-member group of contractors headed by an Australian firm to replace nine bridges proposed for tolling at an estimated cost of $2.5 billion. The group — which calls itself Bridging Pennsylvania Partners — lists Macquarie Infrastructure Developments LLC of Sydney as the lead contractor and includes FCC Construccion, S.A., of Spain, as well as six Pennsylvania companies. They include Joseph B. Fay Co. and Shikun & Binui America Inc., of Pittsburgh. The contract will require that 65% of the work be done by Pennsylvania firms. State Sen. Wayne Langerholc Jr., R-Johnstown...

The Pennsylvania Department of Transportation took the next step toward replacing and charging tolls on as many as nine bridges Monday, but motorists won’t pay to use the bridges until 2023 at the earliest. PennDOT announced it has selected three firms to submit proposals for finishing the design of the nine bridges and propose whether to bundle them together under one contract, replace them individually or a combination of the two. The department’s goal is to turn the bridges over to private firms to design and replace them, then maintain them for 30 years with the tolls covering the costs....

Maryland transportation officials announced Thursday that they have selected Australian toll road operator Transurban to develop high-occupancy toll lanes for the Capital Beltway and Interstate 270, potentially cementing the company’s dominance in the Washington region. If Transurban and its partner, Australian investment bank Macquarie Capital, ultimately reach a 50-year deal with the state to build and operate the lanes, Transurban eventually would control 102 miles of express toll lanes around the nation’s capital — 37 in Maryland and 65 in Northern Virginia. Connecting high-occupancy toll (HOT) lanes in the two states would mark the beginnings of a regional network of...

According to a paper published by analysts Paul Golding and Charles Yu at Macquarie Financial Services, reported by Barrons, it is unlikely that cruising would resume next month. The company, which has significant financial standing in the Maritime industry, bases its conclusion on a fluid political situation in the United States and increasing levels of Covid infections in the United States and Europe. Cruise Lines Remain Hopeful The report says that cruises will most likely only resume in March, despite what insiders in the industry are projecting. This is against the positive outlook that the CEO’s of Carnival Corporation and...

Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S. It all started with a 40-year container terminal lease between the Port of Long Beach in southern California and Hong Kong. The Obama administration proudly signed the agreement...

WASHINGTON — Toll lanes around the Capital Beltway and I-270 in Maryland could be built in several separate phases and even operated by different companies under the latest plans released to industry insiders. It indicates Beltway construction could last for years. The first phase would include fixes for the Legion Bridge.A new document sent last week ahead of the next forum for private companies that could design, build and operate the lanes said that while Maryland eventually plans more than 70 miles of toll lanes from Frederick to Bethesda and from the Legion Bridge to near Oxon Hill, building out...

President Donald Trump’s $1 trillion plan to rebuild America’s infrastructure may be unprecedented in size and ambition, but it mimics a controversial scheme championed by Vice President Mike Pence when he was the governor of Indiana. That’s why Pence is the public face of the Trump initiative, and executives from financial firms that helped privatize Indiana’s toll road are in the White House, busily sculpting Trump’s national plan. Pence and his allies like to boast about how Indiana sold control of major roads to private firms, claiming the move prompted corporations to invest money in infrastructure that would otherwise have...

There is rising criticism that the Machang Bridge, which opened in July at the cost of millions of won, is only enriching speculative capitalists with tax money. They say that throughout the country, roads built through private investment are becoming white elephants where investors eat tax money via rough traffic predictions and contracts with excessive profit guarantees. The province of South Gyeongsang spent 380 billion won (US$337 million) in budget outlays and 190 million won in private capital to build the Machang Bridge linking Changwon and Masan. For the next 30 years, the earnings from the bridge tolls will be...

NEW YORK (Reuters) - Public investment funds based in Texas could invest directly in transportation projects through a new corporation under a plan unveiled on Thursday by the state's legislative leaders and the governor. Texas has the nation's biggest road privatization plan but the legislature, reacting to criticisms that developers were enriching themselves at the expense of taxpayers, enacted a two-year moratorium. That has crimped road-building projects and led to a series of clashes between the governor and the legislature, who now have agreed on a compromise plan. Developers, including overseas companies, investment banks and private equity funds all vie...

Lately I have heard from some of you, asking about the Corridor. Most folks believe it is over, dead, gone from our beautiful East Texas. I have been watching our government's actions on this subject. Did you know that in TxDOT's cover letter to the federal government it states they will only use existing highways to build their corridor? Did you know that TxDOT also stated that it may need to build in non-existing paths also, some time in the future. Citizens, I write you today to make sure you understand that the corridor issue in Trinity County has not...

Officials with the Spanish toll road operator Cintra have announced that the company has secured $430 million in loans from the U.S. government to build and operate two segments of a toll road in central Texas. Cintra officials announced the company’s financial plan for the $1.36 billion Highway 130 segments on Monday, March 10. OOIDA Senior Government Affairs Representative Mike Joyce told Land Line that the Association does raise red flags when federal dollars are used to subsidize private investors. Officials with the Owner-Operator Independent Drivers Association are not, however, categorically opposed to a state using future toll revenue to...

REFUGIO, Texas - With an abandoned Wild West-vintage town of storefronts slumbering just a block from old US 77, tiny Refugio is a place where myth and reality coexist in a ghostly silence. more stories like this Obama faces heat over aide's NAFTA remarks to Canadians Texas, Ohio could decide Dem nomination Canada says didn't misrepresent Obama over NAFTA McCain tags Dems on trade treaty NAFTA seen differently in Ohio, Texas And now this South Texas outpost is swept up in one of the more intriguing tests of myth vs. reality in today's political life: the battle over the so-called...

Three private groups are now in the hunt to build U.S. 281 toll lanes, but two big foreign companies competing just a short while ago to build and lease a larger toll network here have dropped out. The Alamo Regional Mobility Authority board voted Wednesday to let all three teams submit plans to rebuild U.S. 281 north of Loop 1604 into a tollway with free access roads by 2012. It's the fledging agency's first project. "Goodness knows we have been two and a half years getting here," board member Bob Thompson said. "Maybe it's even more important to see the...

Nearly a fifth of America's roads are now considered in poor shape and about one-in-four bridges is rated "structurally deficient." The U.S. Department of Transportation estimates that the cost to fix these problems is a staggering $460 billion. The tab grows far larger when you add in the hundreds of billions to build the new transportation infrastructure that's needed to handle the country's growth. Part of the problem is that big increases in state and local spending for politically popular programs, especially Medicaid and education, as well costly public employee pensions and benefits, have crowded out infrastructure -- even as...

The nation's transportation experts have identified their top three priorities: a national freight network, urban congestion and connecting new urban centers with the interstate system. The American Association of State Highway and Transportation Officials, meeting in national conference last month, heard futurists predict that the cost of meeting the transportation needs would be $3.1 trillion over the next 25 years. State and local governments are turning to "public-private partnerships," or PPPs, to produce the funding. The city of Chicago was happy to partner with a Spanish-Australian group that paid $1.83 billion for a 99-year lease to operate the Chicago Skyway....

Republican presidential candidate Rudy Giuliani has sold his consulting firm to the Australian company involved in the 75-year lease of the Indiana Toll Road and the privatization of other U.S. infrastructure. The New York Times reported that Macquarie Bank of Australia – parent company of Macquarie Infrastructure Group – has acquired Giuliani Capital Advisors. Giuliani reportedly profited between $70 million and $90 million from the sale of the consulting and investment company he founded in 2004. A campaign spokeswoman said in a statement that the transaction was part of Giuliani’s plan to focus on his campaign. Meanwhile, Macquarie continues to...

THE Sydney-based Macquarie Infrastructure Group will know tonight if it has garnered an early slice of the vast toll road riches up for grabs in Texas. The announcement by the Texas Department of Transportation of the winning bidder for State Highway 121 - a planned 42km toll road in northern Dallas, one of the fastest growing areas of the US - shapes up as the first big test of MIG's decision to all but jettison its Australian routes for a shot at the far larger but less developed US markets. Texas, which is forecast to double its population to 50...

Surely Fort Worth Weekly publisher Lee Newquist’s phone will be ringing any second now with a call from Australia and an offer of millions of dollars. After all, your favorite alt-weekly criticized the Trans-Texas Corridor in a recent cover story (“Detours on a Super-Highway,” Jan. 10, 2007), and it’s pretty obvious that foreign fat cats who lease U.S. highways and charge tolls to drivers don’t take kindly to criticism. Macquarie Media Group of Australia is set to pay upward of $100 million for American Consolidated Media, which owns small community newspapers across Texas — newspapers that have criticized the proposed...

Macquarie to buy newspaper chain; critics fear it's to silence Trans-Texas Corridor opponents. One of the foreign firms leasing the Indiana Toll Road is drawing suspicion from some Texans after announcing plans to acquire a chain of small newspapers there. Australia-based Macquarie Media Group last week said it will pay $80 million for American Consolidated Media, which publishes 40 community newspapers and shopping publications serving nine communities in Texas and Oklahoma. Macquarie's sister company, Macquarie Infrastructure Group, last year joined with the Spanish conglomerate Cintra to lease the Indiana Toll Road for the next 75 years. Republican Gov. Mitch Daniels...

President Bush has announced that he intends to appoint an official with toll-road investor Macquarie to be the general counsel of the U.S. Department of Transportation. David James Gribbin, IV, of Virginia is currently the division director for Macquarie Holdings, a Washington, DC, company under the umbrella of the toll-road investor Macquarie Infrastructure Group of Australia. Before that private sector job, Gribbin was chief counsel of the Federal Highway Administration. Current Transportation Secretary Mary Peters also worked at FHWA at that time. Bush’s announcement may draw anti-privatization sentiment from U.S. senators during the confirmation process, according to Toll Road News,...