Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

# of Projects: 1
100% of the Results

Background informationProject Created: June 22, 2010

Project Name: Second Avenue Subway (NYC)
Year in Operation:
Sector: Transportation
Subsector: Tunnel, Transportation Terminal, Transit
Status: Design / Construction
Type: New Facility
Description: Rapid transit line along the Eastern edge of Manhattan underneath Second Avenue. Planned (but not built) for more than 75 years, contract to build the 8.5 mile line was awarded in 2007. Phase I of the project extends the Q subway line South along 2nd Ave from 125th St to Hanover Square near Wall Street. The electrified line will have 16 stations, two tracks, and is expected to open in 2015.
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments: Designed by a JV of DMJM and Arup, Phase I of the project is being built for the Metrop. Trans. Authority by a consortium of Schiavone/Shea/Skanska. Phase I is expected to cost 4.5 billion, and an overall project cost of $17 billion.

Project Locations

Address: 2423 Second Avenue
City: New York
State: New York
Country: United States of America

Address: Hanover Square
City: New York
State: New York
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

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From Public (Government) Sources to Producers

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Direct Cash Support

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From Public Sponsor of Project - Direct Expenditure of Appropriated Public Funds

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Borrowed from Capital Markets

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From Other Public Entities - Direct Grant of Appropriated Public Funds: For Phase I -- 1.5 Billion in US funds from US DOT. Announced in 2007.

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Credit Enhancements

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.
Construction Manager At Risk Variants: Public Sponsor contracts with Construction Contractor after Design is Complete.

Procurement Approach

Project Component
Based Selection
Request for
Request for
for Bids

Term for Key Components & Forms of Contract

Project Component
Initial Design and Construction
NY Transit format. 

Project Value (If and As Known)

Date of Estimated Project Value: June 22, 2010
Project Value
Hard Cost
Hard & Soft Costs
> $10 Billion US


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