Tennessee Approves Record $24.8B Interstate Express Lanes P3

Tennessee approved a $24.8-billion P3 concession for $9.2-billion managed lanes project along 26-mile stretch of I-24, the largest interstate express lanes P3 agreement in U.S. history.

Why 2 infrastructure P3s have been turning contractors’ heads

Toll lane concession projects in Tennessee and Georgia illustrate how contractors can tap a multidecade revenue stream and aren’t limited to big builders, an infrastructure consultant says.

$9.2B Tennessee highway project picks construction team

The proposal represents the largest public-private partnership concession for an interstate choice lanes project in the U.S., per an announcement from Gov. Bill Lee.

Tennessee Selects DriveTN for $9.2B I-24 Toll Lanes Project

Consortium including Cintra, Transurban, and AECOM among others will hold a 50-year revenue-risk concession.

Hochtief lands £250m Blackpool data centre

Hochtief has been selected for a £250m concession to develop and build a data centre campus in Blackpool. Blackpool Borough Council named Hochtief Data Centre Partner UK as preferred bidder for the first phase of its Silicon Sands Campus. The scheme will be built at… The post Hochtief lands £250m Blackpool data centre appeared first on Construction News.

What preparations should contractors, facilities managers, and supply chains take to be ready for the expiry of PFI concession periods?