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Tag Archives: P3

White House shows more support for public-private partnerships

White House shows more support for public-private partnerships

As a prelude to President Obama’s State of the Union address last week, the White House unveiled a new batch of proposals and initiatives aimed at drawing more private money to invest in U.S. infrastructure. To show support for such steps, Rich Cavallaro, Skanska USA’s president and CEO, shared a post on our blog in which he said he was encouraged by increased federal attention to public-private partnerships.

P3s aren’t just for transportation – here’s how they can help with public buildings too

P3s aren’t just for transportation – here’s how they can help with public buildings too

In the U.S., public-private partnerships have typically been used to leverage private dollars to advance transportation projects, such as our Elizabeth River Tunnels project in Virginia and I-4 Ultimate in Florida. But Europe and Canada have been using P3s to advance public building projects, and we’re starting to see that broader use of P3s in the U.S. too, such as with our pursuit of the LaGuardia Airport Central Terminal Building Replacement P3 in New York City.

Around the globe: Skanska JV completes $2 billion U.K. highway 36 weeks early

Around the globe: Skanska JV completes $2 billion U.K. highway 36 weeks early

London’s M25 is one of Europe’s busiest motorways, and a Skanska joint venture just delivered a $2 billion upgrade of it 36 weeks ahead of schedule. On this public-private partnership project, a key factor leading to this achievement was the extensive use of BIM to enable early detection of design issues. Our team also achieved ambitious sustainability targets.

Submersing tunnel elements to start this week at Elizabeth River Tunnels in Virginia

Submersing tunnel elements to start this week at Elizabeth River Tunnels in Virginia

Submersing the first 16,000-ton hollow concrete tunnel element into a trench carved in the river bottom is scheduled to start this week at our Elizabeth River Tunnels public-private partnership project in Virginia. To see how our team will be carrying out this complex work, don’t miss this graphic and the time-lapse video of the initial part of the work.

Skanska signs largest P3 deal

Skanska signs largest P3 deal

On September 5, the Skanska-led I-4 Mobility Partners team achieved financial and commercial close on the I-4 Ultimate public-private partnership highway project in Orlando, Fla. This undertaking – our largest P3 deal – includes finance, design, construction, operation and maintenance responsibilities to reconstruct and widen 21 miles of Interstate 4. The design-build contract amounts to about $2.3 billion, for which Skanska has a 40 percent share that’s worth roughly $900 million.

Making our case for a $1.2 billion P3 building project

Making our case for a $1.2 billion P3 building project

Public-private partnerships aren’t just being used for transportation projects. On July 28, a Skanska team submitted our qualifications for the University of California, Merced’s 2020 project, which aims to double the campus’ size by 2020 through some 1.9 million square feet of construction spread among academic, housing, research and other building types. This is the largest social infrastructure P3 project in the U.S., with a client-estimated value of about $1.2 billion.

Shortlisted on our first Canadian bridge project

Shortlisted on our first Canadian bridge project

A Skanska consortium is one of three teams shortlisted out of six to replace one of Canada’s busiest bridges, Montreal’s Champlain Bridge. Valued by the Canadian government at between $2.8- and $4.7 billion, a successful pursuit of this public-private partnership project could open the way for us to secure more work and establish a presence in this new market.

Obama agrees with Skanska’s stance on P3s, launches new program to support them

Obama agrees with Skanska’s stance on P3s, launches new program to support them

President Obama on July 17 launched a program to increase the use of public-private partnerships for infrastructure projects, including a new one-stop shop at the U.S. Department of Transportation to identify barriers to the greater use of private investment and find ways to overcome them, according to this ENR article. However, the Build America Investment Initiative, as the effort is called, doesn’t include any new federal spending.

On our blog: Consider this road for much-needed highway funding

On our blog: Consider this road for much-needed highway funding

With the Highway Trust Fund that pays for a large portion of many U.S. road and transit projects nearly out of money, and Washington politicians scrambling for a fix, Rich Aquino, vice president, makes the case from a contractor’s point of view about why a long-term solution is needed, and why public-private partnerships should be a central part of that.

Keeping our fingers crossed on this LaGuardia Airport P3 project

Keeping our fingers crossed on this LaGuardia Airport P3 project

The Skanska team – and the two others shortlisted – continue to wait for news of which group will be selected for LaGuardia Airport’s $2 billion-plus Central Terminal Building Replacement Project, as described in this ENR article. A decision by the client, the Port Authority of New York and New Jersey, may come as late as September. Our One Skanska approach for this public-private partnership effort includes Infrastructure Development North America, USA Building and USA Civil, as well as top industry partners.