Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: March 4, 2010

Project Name: Trans-Alaska Pipeline System
Year in Operation: 1977
Sector: Transportation
Subsector: Transportation Terminal, Energy Transmission (Oil, Gas, Power)
Status: In Operation
Type: New Facility
Description: 800 miles 48" diameter Trans Alaska Pipeline system designed and constructed over predominantly public lands to move oil from the North Slope of Alaska to the northern most ice-free port in Valdez, Alaska. The piplines crossing three mountain ranges and more than 800 rivers and streams.
Delivery Method as described in the country where it's located: Concession
Is the project still active: Yes
Comments: Long term lease pursuant to the Mineral Leasing Act of 1920 to design, build, O&M oil transmission pipeline over federal, state, native, and private land.

Project Locations

Address:
City: Prudhoe Bay
State: Alaska
Country: United States of America

Address:
City: Big Delta
State: Alaska
Country: United States of America

Address: Port Valdez Drive
City: Port Valdez
State: Alaska
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Approximately 800 miles of pipeline -- crossing 376 mi of federal land, 344 miles of state land, and 80 miles of private land (including 51 miles of Alaska native Corp. land). The total land area of the project is 19.29 square miles -- 6.27 federal, 7.79 state, 1.33 private, and 2.9 sq miles owned by the pipeline's owner operator companies. (Total Land Area of Alaska is 656,424 sq. mi.)
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Revenues provide approximately 80% of funding for the state government in Alaska. Long term ground lease to the Alyeska Pipeline company. The Company major shareholders are BP Pipelines (46.93%), ConocoPhillips (28.29%), ExxonMobil (20.34%), Unocal (1.36%) and Koch (3.08%). The pipeline currenlty supplies 17 % of US domestic crude oil production.
Checkbox Checked Environmental Clearance: 515 federal permits and 832 state permit were required and obtained. 465 Federal Notices to Proceed and 403 state notices to proceed were required and obtained. 330 Archaeological sites surveyed in advance of route selection by the U. of Alaska and Alaska Methodist University.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: $8 billion initial design and construction costs financed entirely in private sector -- combination of debt and equity.

Checkbox Checked

From Producers as Equity: $8 billion initial design and construction costs financed entirely in private sector -- combination of debt and equity.

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 independent checking engineer? Yes
Project Finance Method: All By Private 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
9
1
Forms
Description
Other
Alyeska Pipeline Co. hired program managers and construction managers to oversee design and construction on its behalf. Alyeska eventually took over program mgmt. itself to complete the project. 6 years for conceptual planning, route selection, and initial design; 3 years and 2 months for construction. O&M period is perpetual under agreement establishing the Alyeska Pipeline  

Project Value (If and As Known)

Date of Estimated Project Value: January 1, 1977
Project Value
Hard Cost
Hard & Soft Costs
Feasibility
$100-500 Million US
(none)
Design
$100-500 Million US
(none)
Construction
> $5 Billion US
(none)
Operations & Maintenance
> $10 Billion US
(none)
Total
> $10 Billion US
(none)

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