NYC Goethals Bridge Challenges P3 Builders

For replacing the Goethals Bridge, the Port Authority of New York and New Jersey this month proposed an estimated $1-billion design-build (DB) contract loosely tied to a private financing that's intended to attract equity with a horizon of 20 to 30 years. Long-term capital repairs and other major maintenance also will be part of the private responsibility, although details remain to be worked out...

...To get the full story every month subscribe today!