Airport collaborative redevelopment proposal could leverage $7 billion in private investment
Hampered by outdated systems and infrastructure in need of repair, the John F. Kennedy International Airport in New York City has found a friend in New York Gov. Andrew Cuomo. The forward-thinking governor this week announced his $10 billion plan to redevelop the JFK Airport, the nation’s fifth-busiest aviation facility.
To transform this aging transportation resource into a world-class transportation hub will require a collaborative effort between both the public and private sectors. Like the multi-billion-dollar renovation currently underway to rebuild terminals at the city’s LaGuardia Airport, officials are contemplating a public-private partnership (P3) as the financing method for much of the JFK project. Two-thirds of the more than $8 billion investment to build new facilities at LaGuardia is being paid for by the private sector. Experts say the JFK plan has the potential to drive up to $7 billion in private investment.
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USDOT program assists states cities
Last summer, U.S. Department of Transportation (DOT) Secretary Anthony Foxx announced the creation of the Build America Bureau. It was heralded as a one-stop shop to provide assistance to government entities in need of funding for transportation infrastructure projects.
The new bureau was designed to provide support, information, expertise and advice related to DOT credit programs and funding for infrastructure projects. Specialists in the bureau offer guidance about how to combine federal funding programs, how to access specific ones and how to acquire funding for projects in a much quicker way. The bureau is also prepared to guide and advise public officials about various other types of alternative funding programs such as public-private partnerships (P3s).
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Infrastructure contractors have good reason to look forward to 2017, based on the emerging positive trends and encouraging new developments. A highly touted and promised federal infrastructure plan plus an abundance of private capital waiting to be tapped will likely result in the launching of hundreds of large new public sector projects by early 2017. […]
It’s all about options! And, in the public-sector information technology (IT) world, state and local government executives view having choices as a key driver in their ability to reduce IT costs and improve services to taxpayers.
No matter what happens at the polls on Tuesday, both presidential candidates have made public pledges to address the country’s infrastructure problems. That’s extremely good news for both cities and states, because it appears that the next president will champion infrastructure reform. Long overdue infrastructure needs such as water, energy and road and bridge projects […]
Nabers for The Hill: Officials fear hackers may target voting systems as election approaches
The presidential candidates are not the only ones worried about the outcome of the upcoming November general elec
tion. With Election Day less than a month away, recent increases in cyberattacks and data breaches have state election officials throughout the country on edge. Voting systems nationwide are in jeopardy and many states are turning to the federal government for help. News reports indicate that voter registration systems in nearly half of all states have been targeted by foreign hackers. Read more
Nabers for The Hill: Important questions…waiting for answers!
The Great Recession may be over, but fiscal issues in many states are still dire. Public officials at every level of government are also struggling to meet budgets that have not expanded in years.
Hampered by outdated systems and infrastructure in need of repair, the John F. Kennedy International Airport in New York City has found a friend in New York Gov. Andrew Cuomo. The forward-thinking governor this week announced his $10 billion plan to redevelop the JFK Airport, the nation’s fifth-busiest aviation facility.
