The Office of Innovative Program Delivery released the P3-VALUE 2.0 Analytical Tool, the second generation of an Excel-based spreadsheet tool designed to educate and assist practitioners in the planning and high-level screening evaluation of P3 procurements. Practitioners may use the tool to better understand the concepts, inputs, key assumptions and outputs from evaluations of risk, financial feasibility, benefit-cost and "value for money" analyses used to compare the aggregate financial benefits and costs of a P3 alternative with conventional procurement. The P3-VALUE 2.0 webinar series explains the structure and application of the P3-VALUE 2.0 Analytical Tool.
View the Tool
More about the webinar series (2016)
U.S. Transportation Secretary Anthony Foxx today announced a $211 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan from the Federal Highway Administration (FHWA) to finance construction of the new US 301 mainline toll project in Delaware to relieve area congestion. The Delaware Transportation Authority, on behalf of the Delaware Department of Transportation, will use the funds to build a new 13-mile, four-lane corridor. The highway will extend from the existing US 301 at the Maryland border with Delaware to SR 1 south of the Chesapeake and Delaware Canal in Delaware.
Read the full Press Release (December 3, 2015)
U.S. Transportation Secretary Anthony Foxx today announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $282 million to finance the construction of additional lanes on an eight-mile stretch of US 183 in Austin, Texas, to help relieve congestion The Central Texas Regional Mobility Authority will receive the $282 million loan which will go toward the estimated $856 million total cost of the project, and help eliminate stop-and-go traffic and give drivers an alternative to the congested IH-35 - the parallel route in the area - into downtown Austin. The project will add new tolled and non-tolled lanes in each direction and pathways for bicyclists and pedestrians.
Read the full Press Release (November 19, 2015)