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As public transportation budgets and political support have grown in the U.S. and elsewhere, so too has the interest in using private operators. Whether out of local political climate or a desire to have more flexible options for delivering services, outsourcing presents both challenges and opportunities.
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As part of the deal, Michael Haggerty sold his remaining 51 percent ownership stake to the private equity group. Financial terms were not disclosed.
Read More →The bold 10-year initiative establishes a goal to execute 20 joint development agreements by 2032, strengthening coordination with local jurisdictional partners and streamlining processes for private development partners.
Read More →Will use loan to fund a portion of its contribution to the project and will begin drawing on the funds in 2013. In addition to FTA's contribution to the project, a consortium of private companies, known as the Denver Transit Partners, is responsible for financing around 24% of the project through tax-exempt private-activity bonds issued by RTD, equity contributions and other means.
Read More →System will be used to collect technical data in real-time from the vehicles and from the driver's performance.
Read More →Paul McIlree, P.E., will oversee the firm’s business plan for design-build and public-private partnership initiatives.
Read More →Maryland to rebid major bridge contract as the Build America Bureau commits $20 million to accelerate project planning and public-private partnerships across 17 states.
Read More →TTC will operate the four Toronto LRT lines under contract with Metrolinx, while Metrolinx's private sector partner maintains the assets.
Read More →Our private sector organizations need to tell their story, forcefully, about the jobs and the lost business activity at stake if contracts are cancelled, delayed or suspended.
Read More →The new report was released in conjunction with the IBM Smarter Transportation Virtual Forum, which brought together experts from across the public sector, private industry and academia to discuss urban mobility and the growing need for technology solutions to the nation's transportation, economic and environmental challenges.
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