Breaking News: White House Announces Build America Initiatives
THE WHITE HOUSE
Office of the Press Secretary
EMBARGOED UNTIL 6:00 AM ET on JANUARY 16, 2015
FACT SHEET: Increasing Investment in U.S. Roads, Ports and Drinking Water Systems through Innovative Financing
“60 Minutes” has called for a Solution to America’s Infrastructure Crisis
On Sunday, November 23 “60 Minutes” aired a special segment on America’s infrastructure crisis. The Segment, titled – “Falling Apart: America’s Neglected Infrastructure”, hosted by award winning journalist, Steve Croft, explored America’s decaying roads, bridges and highways and featured a special interview with Former U.S. Transportation Secretary Ray LaHood.
The Role Of Performance-Based Infrastructure
As money and power are increasingly concentrated in Washington, the line of supplicants stretches all the way to the U.S. Mint. That has created a “barbarians at the gate” mentality among the congressional conservatives and budget experts who guard the Treasury. Infrastructure advocates of all stripes claim great benefits from more federal grants, budget leveraging and tax help. But so do many others for their programs.
AIAI and Virginia Public Private Partnerships
The Virginia Office of Public-Private Partnerships (VAP3) has released the latest update to its Implementation Manual and Guidelines for the state’s Public-Private Transportation Act of 1995.
The Commonwealth of Virginia has long been known for its leadership of Public Private Partnerships in the United States. Taking the time to review and assess its current program is an indication of the state’s leaders’ commitment to ensure the rights and responsibilities of its offices and the rights of the public are preserved.
P3s aren’t just for transportation – here’s how they can help with public buildings too
The University of California, Merced is the newest campus in that state’s higher education system, and yet already it needs to grow: It has an ambitious plan to double its size over the next six years, with a building program that involves some 1.9 million square feet of academic, housing and research uses.
The size and scale of U.C. Merced’s program is emblematic of what is happening on many college campuses.
Performance and Payment Guarantees for P3s
For over a century, the United States government, all states and most local governments have recognized the value of the surety product, and surety bonds have become an integral part of assuring the completion of government projects. In recent years we have seen a significant increase in the requirement by private owners and lenders for surety bonds as well. Experience has shown that performance bonds are a cost-effective way for a procuring entity to protect against contractor default. Likewise, payment bonds historically have been and remain the most effective method to guarantee payment to subcontractors and suppliers.