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In 2003, Virginia Department of Transportation Commissioner Philip A. Shucet stated that "[s]ingle drivers could pay $1 to $4 to get off of the congested regular lanes." [ 26 ] By 2009, transportation planners in Washington estimated the projected rush-hour toll need to be $1.60 a mile. [ 27 ]
In 1992, the state General Assembly established DRPT as a separate department, reporting to the Virginia Secretary of Transportation and the Commonwealth Transportation Board. VDOT continued to be responsible for most highways and related facilities, such as ferry systems , bridges , and tunnels .
An asset management plan (AMP) is a tactical plan for managing an organisation's infrastructure and other assets to deliver an agreed standard of service. Typically, an asset management plan will cover more than a single asset, taking a system approach - especially where a number of assets are co-dependent and are required to work together to deliver an agreed standard of service.
Virginia Department of Transportation The Elizabeth River Tunnels Project , a series of transportation projects in the South Hampton Roads region of Virginia , comprises the rehabilitation of the Downtown and existing Midtown Tunnels, the construction of a new parallel Midtown Tunnel, and the extension of the MLK Freeway / U.S. 58 to I-264 .
In 1980, the company founded Essex Insurance Company in Delaware. Essex began as a property insurance company in White Bear Lake, Minnesota, but later moved to Richmond, Virginia. [3] In 1985, Prem Watsa took control of Markel Financial Holdings, a Canadian-based trucking insurance company. Near bankruptcy, Watsa determined it needed a capital ...
PGIM is currently one of the 10 largest asset managers in the world, with more than 1,100 investment professionals working for the company across 31 offices. [5] The firm is headquartered in the Prudential Tower in Newark, New Jersey, which currently houses approximately 3,000 employees from a variety of PGIM's investment management divisions.
Where there is no problem of confusion, the term asset management is more widely used, as in the professional societies: the Asset Management Council in Australia and the Institute of Asset Management in the UK. In this context, infrastructure is a wide term denoting road and rail, water, power, etc. assets.
Infrastructure debt is a complex investment category reserved for highly sophisticated institutional investors who can gauge jurisdiction-specific risk parameters, assess a project’s long-term viability, understand transaction risks, conduct due diligence, negotiate (multi)creditors’ agreements, make timely decisions on consents and waivers, and analyze loan performance over time.