White Papers
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Now is TIFIA's time By Brad Guilmino, Chief Financial Consultant |
Expanding popular federal credit assistance program will encourage infrastructure investment and enhance the effectiveness of available transportation funding. It's time to expand TIFIA Few lenders, if any, are as patient as the United States government. In fact, without it some of the most significant transportation projects of the last 14 years would have been delayed or deferred due to their size, complexity or uncertainty over the timing of... |
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Strategic business plans By |
GPS for tolling's rapidly changing landscape It's easy to lose focus in the fast-paced, technology-driven world that is tolling. The answer to staying on course lies in a management tool the private sector has used for decades: strategic business plans. No large, respected company would think of operating without one, and today’s... |
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Adopting Design-Build By John Becker, Vice President, Corporate Ventures |
Forty-seven states and Puerto Rico have adopted design-build as a way to deliver large, complex projects faster and within extremely constrained budgets. This white paper explains the innovative delivery method, its benefits and best practices for securing legislative approval. Single-contract approach streamlines delivery Design-build streamlines project delivery through a single contract between the owner and the design-build team. According to the Design-Build Institute of America, this simple but fundamental difference transforms the sometimes adversarial relationship... |
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Tolling U.S. interstates to help solve state transportation needs By Gretchen Ivy, PE |
Lessons learned from applying to the Interstate System Reconstruction and Rehabilitation Pilot Program Why toll interstates? State departments of transportation are increasingly laboring under the financial burden of maintaining and expanding their sections of the Interstate Highway System. How to pay for these ever increasing needs is one of the toughest challenges facing every state today.... |
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Toll project development and finance By Brad Guilmino |
An emerging solution for generating revenue Transportation owners are experiencing considerable challenges in delivering critical new capital projects due to the uncertainty of the funding environment and the increasing maintenance needs of the existing system. Quickly it is becoming... | |
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Developing P3s in the United States, part I By By Scott Smith, Linda Bohlinger and Tim Heilmeier |
The basics: Innovative contracting and financing techniques are emerging as ways public entities are stretching their transportation dollars. One alternative delivery method gaining ground across the United States is public-private partnerships. This paper is a primer on P3s, the oldest, new way to deliver transportation infrastructure in the United States. It discusses public-private partnerships, the roles, benefits and various models available to transportation agencies. The oldest, new project delivery mechanismOne way states are expanding their ability to deliver projects is by entering into public-private partnership agreements or P3s. These partnerships are formed through contractual agreements between a public agency and private sector entity that allow... |
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Developing P3s in the United States, part II By By David Downs, Scott Smith and Tim Heilmeier |
The critical role of success management in program development: What would a successful P3 program look like? And, what are the risks in pursuing that definition of success? As transportation agencies define their P3 programs, far too often they overlook these questions and their criticality to a successful launch. This white paper presents the important first step in P3 program development: success management, why it is important and the benefits agencies receive from early adoption. Shifting from cruise control to a new business model For decades transportation agencies have been able to function largely on cruise control, financing and delivering projects under the same policies, the same funding and financing sources, and the same design-bid-build method. As they enter the... |
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Developing P3s in the United States, part III By By Brad Guilmino, Scott Smith and Tim Heilmeier |
Developing enabling legislation: Uncertainties surrounding the transportation reauthorization bill and the end of 2009 American Recovery and Reinvestment Act stimulus monies have renewed the push for public-private partnership legislation in many states. This white paper outlines best practices for developing P3 legislation, governing the resulting partnerships and identifying suitable projects. America is not behind in its adoption of P3s Some critics label the United States as “slow” to adopt public-private partnerships, but America should not be disparaged for its hesitation to embrace a delivery mechanism the rest of the world has implemented out of necessity. The fact is U.S.... |
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Developing P3s in the United States, part V By By Scott Smith, Tim Heilmeier and Paul Huston |
Understanding the three components of a P3 and the importance of continuity: There is speculation that Congress may not pass a transportation authorization bill this year and, if it does, experts predict funding will be approximately 35 percent less than the previous bill. With future federal funding so uncertain, transportation agencies are actively exploring alternative financing methods for delivering critical projects and maintaining a state of good repair on existing assets. One option generating considerable interest is public-private partnerships. This white paper discusses the three main components of a P3 and the importance of achieving continuity among them. A P3 is an all-in-one contract Public-private partnership contracts are vastly different from traditional design and construction contracts in that they incorporate all facets and phases in a facility’s life cycle. A P3 groups those considerations into three main categories or components:... |
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Taming tunnel risk By Hugh Caspe and Samer Sadek |
Standard risk management techniques for underground construction projects Managing risk is one of the most critical aspects of tunnel construction strategy. As experienced tunneling professionals know, the many unpredictable aspects of a tunnel project can result in additional costs, construction delays and expensive litigation that drain the resources of multiple... |
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