CHICAGO - Smaller, shorter and slower will be the key factors governing U.S. public-private partnerships going forward after recent proposed deals imploded due to political or financing troubles.
NEW YORK - The crumbling U.S. infrastructure is routinely in plain sight, from potholes strewn across interstate highways built during the Eisenhower administration to rusting Depression-era bridges connecting those old highways.
WASHINGTON - The U.S. Senate is considering a wide variety of funding options for the country's roads, bridges and public transit as it drafts its version of a sweeping national transportation spending bill, Senator Barbara Boxer told Reuters on Thursday.
NEW YORK - New York's Metropolitan Transportation Authority chief executive resigned, Governor David Paterson said on Thursday, less than a day after the cash-strapped authority received a state bail-out to avert drastic fare hikes and service cuts.
NEW YORK - The flow of money once provided by public-private partnerships for large U.S. infrastructure projects has dried up, and the sector will likely require government money to fill the gap, a top executive at engineering and construction group Fluor Corp said on Thursday.
NEW YORK - U.S. architects, whose design billings act as a leading indicator of construction activity, are buzzing about stimulus money flowing into their industry but it is too soon to call a construction recovery, the chief economist of an architects' trade group said on Thursday.
NEW YORK - U.S. state and local governments eyeing public-private partnerships, or "P3s," for infrastructure will demand tougher terms from investors amid rising concern about the tie-ups, a Fitch Ratings project finance analyst said on Thursday.
NEW YORK - Infrastructure investments are likely to qualify as real estate investment trusts (REITs) opening the asset class to retail equity investors, the chief investment officer of J.P. Morgan Asset Management Infrastructure Investments said.
NEW YORK - Public-private partnerships for infrastructure are not a "panacea" for cash-hungry U.S. states and cities eager to expand or build new utilities, water plants, roads or bridges, a JPMorgan Chase & Co banker said on Thursday.
NEW YORK - Mass transportation in the U.S. deserves a big boost in federal funding to help counter global warming and to meet the growing needs of riders, the head of the country's largest transit system said on Thursday.
WASHINGTON - President Barack Obama will likely explain his vision for a national infrastructure bank in the detailed budget he plans to release on Thursday, but analysts warn the bank will not be a comprehensive or quick fix for the nation's road and highway problems.
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