California. Policy guidance: Public private partnership projects
California is completely ready to assess P3 candidate projects. On October 14th the California Transportation Commission (CTC) approved policy guidance addressing the Commission’s role in selecting proposed Public private partnerships (P3) projects. The CTC developed the guidelines to assist Caltrans and regional transportation agencies (RTAs) to develop P3 transportation projects under Senate Bill 4 (Second Extraordinary session), enacted in February.The California Transportation comission describes on the guidance the following:- CTC will select and approve the projects nominated by Caltrans or an RTA seeking to use the P3 model.- How the selection pr

Port of Miami tunnel reached financial close.
Ths video shows what public private partnerships can do for infrastructure. The Port of Miami tunnel project is a very good example of what P3s are but also of how a P3 project can become a very long and tedious process if not well implemented. In this case all the delay came from the developer side as Babcock&Brown fell in financial trouble, later on Meridiam Infrastructure substituted Babcock&Brown in the consortium. finally, this poject will be a reality as the selected consortium already reached financial close. Enter your email address:

Whar are the best books on PROJECT FINANCE?
I want to share with you two things today:1. Linkedin is the best place to contact other PPP professionals. Discussions, job offers,news...everything is on there, there is no doubt. Here is my public profile so you can add me as friend. Then I recommend you to join our group.2. Five months ago there was a very interesting discussion on one of these infrastructure groups recently created on Linkedin.com. Somebody was asking about the b

Next P3 conferences in Arizona. Upcoming P3 projects
This last week, the most active state in the american P3 industry has been Arizona. After Governor Jan Brewer signed into law HB 2396 (allows the Arizona Department of Transportation to use public-private partnerships as a tool to address Arizona’s transportation requirements), Arizona Department of Transportation hired transportation consultancy Wilbur Smith Associates to help kick start the process and it is envisaged that by June 2010 ADOT will have to P3 projects to bring to market.Nossaman and KPMG seem to be collaborating with ADOT too. Here I letf you some slides from a presentation that took place on September 29th:

California united for HSR funding. Video
I came across this interesting video that shows how united California is to get high speed rail stimulus funding in the US. On this video OCTA CEO Will Kempton, CHSRA Board Chairman Curt Pringle, and Governor Arnold Schwarzenegger talk about California´s application for the funding:California voters approved a $9.95 billion bond for high-speed rail, and the state’s support for high-speed rail is unrivaled in the nation. The amounts requested in this application are detailed below:$2.18 billion for Los Angeles to Anaheim, including high-speed train facilities at Los Angeles Union Station, Norwalk Station and the Anaheim Regional Transportation Int