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Construction Leadership Council calls for private finance for infrastructure investment

Construction Law

The Construction Leadership Council (CLC) has called on Chancellor of the Exchequer Jeremy Hunt to include a range of policy measures in his Spring 2024 budget, including using some form of Private Finance Initiative type of funding.

Finance 52
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Infrastructure backlog jumps 24%, pushing demand to ‘upper end of historic levels’

Construction Dive

Despite tightening credit, high project financing costs and lingering recession fears, the country’s biggest contractors continue to book more new business, said Anirban Basu, ABC chief economist.

ABC 151
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Federal Infrastructure Bill Paves the Way Toward More Transportation Infrastructure Public-Private Partnerships

Constructlaw

trillion Infrastructure Investment and Jobs Act (IIJA) is poised to change how the United States views and implements public-private partnerships (P3s). 1] This is important for parties financing P3s. PABs allow the issuance of tax-free municipal bonds to private entities financing qualified projects.

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USDOT Launches Innovative Infrastructure Financing Tool

Construction Equipment

Transportation Secretary Anthony Foxx today announced that four transit projects in the Seattle area could receive up to nearly $2 billion in financing through an innovative infrastructure financing tool created by the Department of Transportation’s Build America Bureau.

Finance 48
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Boston turns to developer fees to fund flood protection infrastructure

BD+C

To address this threat, city officials have instituted developer fees as a condition to build in the area to help finance a seawall and other protective infrastructure. City-owned land in Boston’s booming Seaport district is vulnerable to flooding, a condition that will only worsen with climate-induced sea-level rise.

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Senate Bill Proposes Infrastructure Financing Authority

Construction Equipment

senators introduced bipartisan legislation to establish a new infrastructure financing authority to help states and localities better leverage private funds to build and maintain the nation’s infrastructure.'

Finance 61
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Balfour Beatty names US civil CFO

Construction Dive

Jenni Kelley will be the next chief finance executive for the London-based builder’s infrastructure arm in the U.S.

US 66