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What's New: Advocacy

SFAA Engages in Infrastructure Discussions at the AIAI Annual Meeting

Tuesday, October 23, 2018  

Lee Covington and Robert Duke attended the AIAI Annual Meeting last week, which provided a great survey of the state of play in the P3 market. Of special note, James Ray, Special Advisor on infrastructure issues to the Secretary of Transportation advised that the Department of Transportation is “not giving up on infrastructure”. He stated that USDOT has formed a working group on reauthorization. The issue is how aggressively USDOT will push, which in turn depends on Congress’ appetite for reforms. He noted that the current grant award structure lends itself to P3 projects without the need for specific P3 legislation.

AIAI has been involved in establishing the Infrastructure Institute at Syracuse University. The Infrastructure Institute's objective is to integrate and support distinct disciplines (in areas such as law, engineering finance, public administration and communications) in the research of the planning, designing, delivery and implementation of infrastructure. The Institute could be a possible vehicle to facilitate surety bond research in the context of infrastructure projects.

Steve Rae of Liberty Mutual provided a report on AIAI’s Risk & Performance Security Committee. He stated that the Committee’s activities have involving educating state P3 agencies, rating agencies and design build firms on the issue of bonding and performance security.

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