We are delighted to announce that S&B USA Concessions, in partnership with Macquarie Group/Macquarie Capital Partners, has been shortlisted for the Best Road, Bridge, or Tunnel from the P3 Awards for the Major Bridge P3 project! This project represents big strides in the P3 industry and stands out in many ways including: • It is the first transportation-related P3 to close utilizing a PDA structure. The PDA enabled the team to work collaboratively with PennDOT to identify key risks, work on permits, and led to significant progress on the project's design, providing certainty around schedule and costs. • The transaction represented the largest-ever issuance of surface transportation PABs in the municipal market. • The selected bridges are essential to Pennsylvania’s intra and interstate transportation system in need of replacement and contemporary safety designs. • It is an excellent example of how the public and private sector can partner to deliver critical infrastructure projects faster and more efficiently than other alternative procurement processes. • This project closed in a compressed seven-month period despite a two-month period of suspension of work. The awards ceremony will be held in October, and we look forward to attending! Thank you to our dedicated team and partners for making this possible.
🚨 Exciting News! The P3 Awards 2024 Shortlist Revealed! 🚨 Congratulations to everyone who made the list! Your outstanding contributions are truly inspiring. We can't wait to celebrate with you! 🎟️ Book Your Tickets Now ➡ https://bit.ly/P3Tickets #P3Awards2024 #PublicPrivatePartnerships #Infrastructure #Innovation #TimesSquare #EdisonBallroom 🔗 https://lnkd.in/eU8P83ry