With federal infrastructure money uncertain, former Trump administration infrastructure advisor DJ Gribbin is calling on states and municipalities to pursue alternative funding strategies for projects. Decisions by Skanska and AECOM to abandon their roles as public-private-partnership investors provide a window into the state of the private financing market, but P3s aren't dead yet, Gribbin says.
With disruptive innovation becoming the norm for many industries, construction companies should find ways to spearhead change and hire "mad scientists" with a penchant for disruption, JBKnowledge CEO James Benham says. Companies should set ambitious goals and aim to lead the disruption or risk being left behind, he says.
The Santa Clara Valley Water District in California is considering delaying the start of a five-year, $550 million effort to rebuild the Anderson Reservoir dam to 2022 due to "seismic deficiencies." However, the revised schedule is dependent upon obtaining permits and completing engineering work on time.
A partnership between the Roads and Highways Department in Bangladesh and a private consortium has recently been finalized to upgrade the Dhaka Bypass Road. The project is expected to take three years to complete, and once finished will be the country's first toll road.
Americans are tired of congestion and deteriorating roads, and 79% "are willing to pay tolls to avoid congestion and have predictable travel times, even when free alternatives are available," according to a recent survey by HNTB Corporation. The survey also found that the 73% were willing to pay higher taxes and tolls to improve the nation's infrastructure.
Oregon will seek approval from the Federal Highway Administration to toll sections of two busy interstates in the Portland area after the state's Transportation Commission adopted the plan. Oregon officials hope the feds will make a decision in early 2019, so the state can begin to work out the details.
The National Highway Authority in Pakistan said it has completed upgrades on 21 toll road travel plazas, which include drinking water, electric coolers, first-aid kits and bathroom facilities. Upgrades to the remaining toll plazas are expected to be completed this month.
Samsung has partnered with the Korea Transportation Safety Authority to develop and test connected infrastructure technology for autonomous vehicles at K-City, the largest self-driving testing facility in the world. The tests will utilize various wireless technologies, including 5G.
India plans to have solar lighting installed on a 103-mile section of the Yamuna expressway to improve safety. Tolls will be increased to pay for the project, sources said, and work is expected to be completed by the end of March.
A new congressionally mandated report recommends spending billions of dollars per year to upgrade the interstate system in the United States. The report also suggests removing the ban on tolling existing interstates and increasing the gas tax to fund the work.