The Presidio Parkway's Public-Private Partnership

Law360, New York (September 14, 2011, 7:11 PM EDT) -- In 2009, the California legislature amended Section 143 of the Streets and Highways Code and greatly expanded availability of the public-private partnership ("P3") as a mechanism to finance transportation infrastructure projects. In early 2010, under the authority of the newly amended Section 143, the California Department of Transportation ("CalTrans") began to implement part of the Presidio Parkway Project as a P3.

The two-phase project involves replacement of the 75-year-old, seismically deficient southern approach to the Golden Gate Bridge (also known as Doyle Drive). The first phase...
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