Almost 7 years after Pennsylvania signed its first P3 agreement, the Commonwealth reached financial close on another significant bridges project - Pennsylvania Department of Transportation's (PennDOT) first package of the Major Bridges P3 Redevelopment Package 1 program.
The Major Bridges Package One Project was one of the standout US P3 deals of 2022. Developed using an innovative pre-development agreement (PDA) structure, the project entails rehabilitating six bridges in Pennsylvania and took just nine months to get from awarding to financial close.
Adding to the already impressive list of awards, the I-579 cap project received a Transportation Award in the Best Non-Highway Bridge category as part of the 2023 PCI Design Awards. The PCI Design Awards showcase and recognize creative and innovative uses of precast concrete.
We are excited to announce that the PennDOT Major Bridges P3 program reached financial close today! As a construction partner of Bridging Pennsylvania Partners (BPP), we are looking forward to working on the replacement of 6 sets of bridges.
Fay, S&B USA Construction was pleased to be part of the celebration of our I-579 Cap project winning a regional America's Transportation Award from the American Association of State Highway and Transportation Officials (AASHTO) in the "Quality of Life/Community Development" category.
The Pittsburgh Business Times features an article about Fay being awarded a $270 million contract from the Pennsylvania Turnpike Commission for the Beaver River Bridge project.
Joseph B. Fay, a subsidiary of S&B USA, was awarded the Pennsylvania Turnpike Commission's (PTC) Beaver River Bridge project, located in North Sewickley Township, Beaver County.
Fay's I-579 Urban Open Space Cap project was named a 2022 Public Works Project of the Year Award winner in the Structures $25M-$75M category.
Fay's Airport Roads and Bridges project aims to help local minority subcontractors in the area.
Excellent article about a Fay project with sustainability and social rectification.
Fay, S&B USA Construction was awarded the $154M roads and bridges project at Pittsburgh International Airport.
Bridging Pennsylvania Partners, led by equity members Shikun & Binui Concessions USA Inc and Macquarie Infrastructure Developments LLC was short-listed by PennDOT for their Major Bridge P3 Initiative.