Airport Public-Private Partnerships Taking Off?
Client Alert | less than 1 min read | 02.29.12
The recently enacted FAA Modernization and Reform Act of 2012 caps the budget for airport improvement funds through FY15, which likely will prompt airports to consider using public-private partnerships (P3s) for infrastructure improvements. Illustrative of this potential, earlier this month the Port Authority of New York and New Jersey announced it is continuing to explore a P3 to design, build, finance, operate, and maintain a new, $3.6 billion Central Terminal Building at LaGuardia Airport and has received "significant interest" from investors, airport construction and development companies, facility operations and management firms, and concession developers in response to an initial request for information.
Insights
Client Alert | 14 min read | 05.03.24
On April 24, 2024, President Biden signed into law the National Security Supplemental fiscal package, which includes significant new sanctions and export controls authorities. Although the U.S. foreign aid commitments for Ukraine, Israel, and Taiwan headline the new law, it also (1) expands the statute of limitations for U.S. sanctions violations; (2) includes new authorities for the President to coordinate sanctions efforts with the European Union and the United Kingdom; (3) expands sanctions and export controls on Iran (including some targeted at Chinese financial institutions); and (4) includes new sanctions authorities targeting terror groups.
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