Alston & Bird Construction & Government Contracts partner Chris Roux was quoted on federal funding for Florida’s $2.3 billion I-4 Ultimate Project in conjunction with traditional public-private partnerships. As indicated by Roux, a notable aspect of the project is the inclusion of two TIFIA loans and construction loans with Societe Generale as the syndication agent, CIBC as the documentation agent and BTMU as the administrative agent. Roux said that the TIFIA loans, at approximately $950 million, were the largest ever TIFIA loans to a P3 project.
To read more about Roux’s comments on the Florida I-4 Ultimate Project and the four other major P3 projects discussed in the article, click here (subscription required).