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Many established and emerging public programs have initiated some form of high-level and detail-level screening of candidate P3 projects. This allows them to review and analyze key criteria that may affect the technical and financial feasibility of the project.
The P3 process and approach will vary between states as each state will have varying degrees of legislation for P3s and tolling authority that will dictate project approvals, project costs, lease terms, contract duration, payment mechanisms and procurement strategies.
Managed lane projects are being developed nationwide as cost-effective congestion management relief tools.
The mitigation market as it exists today has its good qualities, but there are some drawbacks too. I’d like to propose some ideas and open a dialog about ways we can try to improve our industry.
The tolling industry is developing the groundwork and standards to solve this dilemma. The catalyst for this effort is the Moving Ahead for Progress in the 21st Century Act (MAP-21).
The way toll technology has advanced over the last decades, the information that can be collected from vehicles on a toll road is expansive. When information is collected, such as transponder reads, images, and classifications, then it’s compiled and analyzed in the back office, creating even more data.
As scientists, we’re always on the lookout for universal theories, model applicability, and patterns in nature. Regulators are called upon to develop methodologies that are rapid, repeatable, and accessible.
When purchasing an oil or gas facility or property, buyers should be aware of the lurking risks. One way to mitigate some of the risk is by performing thorough pre-purchase environmental due diligence
Most water resources managers agree that clean drinking water doesn’t start at your tap, it starts at the source. In states with an abundance of wetlands, wetland habitats can store and slow the flow of floodwaters, sustaining rivers and streams, while also serving as a source of water.
As the US emerges from the Great Recession, alternative fuels present an opportunity to protect the environment and improve public health, while driving job creation and delivering economic growth.
Toll operations have evolved over the last couple of decades. With all electronic tolling rapidly replacing cash collections and becoming the baseline in the industry, many operations processes have become streamlined and highly efficient.
States and transportation agencies are increasing the use of public-private partnerships (P3 or PPP) or tolling and tolled express lanes to advance projects through the use of private capital as the gap between available public funding and investments needed to maintain or rebuild existing infrastructure continues to grow.