Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

DB
# of Projects: 1
100% of the Results

Background informationProject Created: June 30, 2009

Project Name: New Tacoma Narrows (East Bound) Bridge
Year in Operation: 2007
Sector: Transportation
Subsector: Bridge, Electronic Vehicle ID / Toll Collection
Status: In Operation
Type: New Facility
Description: The second Narrows span, now the eastbound bridge, was built in response to population growth on the Kitsap peninsula. The bridge is a dual suspension bridge that uses transponder toll collection.
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments: Toll revenue will be used to make bond payments and to finance maintenance and operation costs.

Project Locations

Address:
City: Tacoma
State: Washington
Country: United States of America

Address:
City: Gig Harbor
State: Washington
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The land is owned by the state of Washington and the WSDOT.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: The project was funded through $800,000,000 in bonds, $39,000,000 from the motor vehicle fund, and $10,000,000 from investment income. the project was delivered $114,000,000 under budget.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for both initial design and construction with a single entity. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes

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
Initial Design and Construction
3
1
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: June 30, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

Warning!!!

You are about to delete: .

Confirm Deletion Cancel