Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: September 12, 2008

Project Name: Hudson Bergen Light Rail Project
Year in Operation: 2000
Sector: Transportation
Subsector: Transit
Status: In Operation
Type: New Facility
Description: Design, construct, and provide rolling stock and controls for 20.5 mile light rail transit line from Bayonne to Ridgefield in New Jersey.
Delivery Method as described in the country where it's located: Design Build Operate Maintain
Is the project still active: Yes
Comments:

Project Locations

Address:
City: Bayonne
State: New Jersey
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Controlled by NJ Transit.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): RFP included dedication by New Jersey Transit Authority of $300 plus million dollars over five years of construction of the project.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: NJ Transit to provide $300 million in future appropriations to be available to DBOM consortium to defray design, construction, and initial provision of equipment for the transit line.

Arrow Right
Checkbox Checked

Direct Cash Support

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: RFP requires successful bidder to borrow additional funds, as necessary, to cover shortfalls in funding from NJ Transit.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? No
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
19
0
Forms
Description
Other
Documents prepared by NJ Transit. 

Project Value (If and As Known)

Date of Estimated Project Value: September 12, 2008
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
$250 Million - 1 Billion US
(none)
Operations & Maintenance
$200-500 Million US
(none)
Total
$500 Million - 2 Billion US
(none)

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