June 2024
What is the long-term financial future of US airport infrastructure?
Substantial capital investment will be needed in US airports over the next decade, necessitating a comprehensive understanding of capital improvement program (CIP) planning tools. To address this, Steer Associate Ian Sample, alongside Tatiana Starostina and partners from RS&H, Ramirez and Co, and Loop Capital Markets, has co-authored a white paper titled ‘Capital Improvement Program (CIP) Planning and Management: Assessing Approaches and Considering Tools for Airport Finance Leaders.’
This report, in collaboration with the AAAE and ACT, outlines crucial strategies and a toolkit of technical approaches essential for managing the lifecycle of capital projects in airports. Steer, leveraging its expertise from projects like the New Terminal One at JFK Airport, aims to support the financial sustainability of airports and aviation infrastructure in North America, positioning itself to guide clients through the industry's forthcoming challenges. Read more.
How do we reach Net Zero in densely populated urban areas?
Steer and Amberside Advisors jointly hosted a fascinating panel, ‘Unlocking City Decarbonisation,’ on the highs and lows of tackling carbon emissions in urban areas. Covering heat networks, active travel, investment, and more, our experts provided an insightful and stimulating discussion that offered hope for the future. Read our key takeaways.
FRA CID Program: The National Perspective
It’s been two and a half years since the signing of the Bipartisan Infrastructure Law (BIL) that, among other major initiatives, led to the establishment of the Federal Railroad Administration’s (FRA) Corridor Identification and Development (CID) program. The aim of the program is to reinvigorate US passenger rail and develop ‘a world-class rail system’ that is safe, clean, and equitable.
Steer’s North American rail team shares developments on what has happened so far with the Corridor Identification and Development (CID) program and gives insights on our work so far and the assistance we are poised to give to funding hopefuls. Read more.
Steer advances in updating Colombia's Port Physical and Environmental Management Plan
Steer, in collaboration with Sherman Saenz and engineering project partners, is conducting a technical study to update the Port Physical and Environmental Management Plan (POFPA) in Colombia. This project, supported by the Transport Infrastructure Planning Unit (UPIT), addresses challenges in port sector governance, efficiency and regulation. To date, Steer has made progress in port characterisation through visits to 22 port companies and coordination with multiple stakeholders in the sector. The POFPA is scheduled to be delivered by August 2024, with the objective of strengthening port management and operation in the country. Read more.
Is high-speed rail the future of American transportation?
The US High-Speed Rail Association's 2024 conference in Washington D.C. showcased the increasing momentum and optimism for high-speed rail in the United States, with discussions led by political, business, and industry leaders on scaling up high-speed rail, expediting project delivery, and ensuring project success. Steer's Executive Director Mike Goggin's latest 'Voices of Steer' article explores these discussions, particularly focusing on the Biden Administration’s Bipartisan Infrastructure Law (BIL) and the vital role of high-speed rail in improving job access, health, housing costs, and time efficiency. Read more.