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Infrastructure Investors Are Willing To Pound the Pavement

Publication Date: 7/14/2010
Author: Aileen Cho, with J.T. Long, Jim Parsons and Eileen Schwartz
Format: HTML

Florida Dept. of Transportation officials and their advisers aren’t likely to forget the year 2008. FDOT was trying to close on two different billion-dollar-plus public-private partnerships, but the financial markets were collapsing. In September, while still restructuring the year-delayed Port of Miami Tunnel (POMT) deal, FDOT accepted bids for a $2-billion Interstate 595 expansion. Just days later, emblematic of market conditions, the financial giant Lehman Brothers filed for bankruptcy.

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