The Inflation Reduction Act (IRA) (Pub. L. 117-169) was signed into law on August 16, 2022. The IRA includes significant tax provisions, as well as nearly US$370 billion in federal funding for clean energy and environmental projects in the form of competitive grants, cooperative agreements, and loan programs. Notably, the IRA provides for a new … Continue Reading
Walking through LaGuardia Airport in 2023, you might forget that just a few years ago the terminals were woefully out of date. Featuring leaky roofs and cramped waiting areas, the Wall Street Journal commented that the old terminal B at LaGuardia was “possibly the worst major airport in the world.” To combat its woeful reputation, … Continue Reading
As we end the first quarter of 2023, it’s safe to say no one could have anticipated the myriad of challenges that now face public-private partnership (“P3”) deals. Inflation continues unabated, while interest rates continue to rise. Supply chains are complicated and tangled, and the high-profile closure of Silicon Valley Bank and the two-stage rescue of First … Continue Reading
The Bond Buyer announced its annual Deals of the Year in several categories. The winner in the P3 category was a bond issuance which financed a portion of the $2.75 billion Fargo-Moorhead Metropolitan Area Flood Risk Management Project. The Fargo Moorhead project is a public-private partnership (P3), between the Red River Valley Alliance and the … Continue Reading
Those familiar with the UK infrastructure and energy sectors will be aware be aware that a Government-owned bank, established to fund projects in these sectors, has been talked about for some years, partially as a response to Brexit and the withdrawal of the European Investment Bank from the UK market, and also following the Government’s … Continue Reading
During the 2022 session, the Colorado legislature created a Public Private Partnership Office with the Colorado Department of Personnel & Administration. The office was created by the legislature to facilitate the use of public private partnerships as a project delivery device to develop underutilized state land, and to promote the use of P3 as a … Continue Reading
As we noted in a prior post, linked here, US EPA has proposed to designate two per- and polyfluoroalkyl substances (PFAS) as hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), also known as “Superfund.” CERCLA provides the Federal government with the authority to respond to releases or threatened releases of hazardous substances … Continue Reading
