Re: FDOT Awards PPP $1.8-billion I-595 Corridor Improvement Project

On Nov 5, 5:27 pm, "Scott M. Kozel" <koze...@xxxxxxxxxxx> wrote:
http://enr.ecnext.com/coms2/article_netrar081104

"Florida Awards Groundbreaking Highway Contract"
_Construction, Building & Engineering News: ENR_ - 11/04/2008
Excerpts:

'The Florida Dept. of Transportation has tapped a team led by ACS
Infrastructure Development Inc. (ACSID), Coral Gables, Fla., to design,
build, finance, operate and maintain for 35 years the $1.8-billion I-595
Corridor Improvement Project.  The approximately 10.5-mi Interstate 595
project in Broward County will add three reversible express variable
toll lanes at grade in the median and additional auxiliary lanes,
reconstruct entrance and exit ramps to remove merge conflicts, connect a
frontage road between Davie Road and State and implement a bus rapid
transit system.  FDOT anticipates a summer 2009 start, with work to wrap
up in 2014.'

'“There is no road project like this in the history of FDOT,” says FDOT
District 4 Secretary Jim Wolfe.  “We will deliver these express lanes
and braided ramps and all of the improvements 16 years earlier than
projected, and we are doing it at a present-day project cost of $275
million less than conventional [design-bid-build].”'
....

'State long-range work funds are budgeted for the project.  FDOT does
not begin paying for the I-595 enhancements until the job is 100%
finished, then lump sum payments totaling $685 million begin.  They are
spread out over seven years.  Any delays in permitting, utility or
right-of-way clearance, or construction will cost the concessionaire.
“There is a huge incentive to get it done as quickly as possible with
quality,” Schwab says.'

'The state will receive funds from the time-of-day toll rates, which are
not yet determined.  Gerry O’Reilly, director of transportation
development for FDOT district 4, says FDOT plans to maximize throughput
on the roadway rather than the toll revenue.  “Probably in 15 or 20
years, the tolls will start paying off the availability payment and turn
a profit,” Wolfe says.'

this is going to be the future of many major thruway/interstate grade
construction IMHO

note.. they are going to charge time-of-day tolls... i.e. Express
Lanes (preset toll rates) as opposed to HOT Lane tolls which are
varied according to real-time traffic flow conditions.

.

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