The Walsh Group's Aaron Toppston Discusses P3 in Seattle
Aaron Toppston, senior development manager of The Walsh Group, joined a recent panel discussion on public-private partnerships (P3). Held in Seattle, the panel addressed the growth of the P3 delivery method throughout the United States.
Toppston was featured in a recent article by Ben Mimmick from the Daily Journal of Commerce.
...Toppston said P3 has been used in the U.S. for 15-20 years, primarily as non-recourse financing to deliver large infrastructure projects such as roads and bridges. He said it was a steady $5 billion-$10 billion industry in the U.S., but has grown a bit in the last decade to $10 billion-$15 billion a year.
...Toppston said Walsh is working on more than a dozen P3 projects in the United States, including the Pennsylvania Rapid Bridge Replacement Project. Walsh is teamed with Plenary Group USA, Granite and HDR to replace 558 small bridges throughout Pennsylvania under a total budget of $1.12 billion. This contract includes financing, design, construction and 25 years of bridge maintenance.
...Toppston said P3 works best for projects over $50 million in construction value, regardless if they are single projects or an aggregate of several smaller projects.
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As Senior Development Manager, Toppston manages The Walsh Group's pursuit of and investment in public private partnerships for both civil and social infrastructure projects across the United States.