Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBB/CMAR
# of Projects: 1
100% of the Results

Background informationProject Created: October 24, 2010

Project Name: Fulton Street Transit Center
Year in Operation:
Sector: Transportation
Subsector: Transit, Transportation Terminal
Status: Design / Construction
Type: New Facility
Description: $1.4 Billion Design and Construction project at World Trade Center site in lower Manhattan, NYC. New transit center at the corner of Fulton Street and Broadway, improving connections to six existing lower manhattan subway stations: 3 Fulton Street stations, Broadway-Nassau St., Chambers St.-WTC; and Cortlandt St. The project is comprised on 9 separate construction packages, and includes a new Transit Center Building, restoration of the Corbin Building, a new foundation for the transit center, line 4/5 station rehab, R/W station rehab, AC Mezzanine, and Dey St. Concourse.
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments:

Project Locations

Address: 186 Fulton St
City: New York
State: New York
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Reconstruction on World Trade Center site.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

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Checkbox Checked

Direct Cash Support: $423 million in federal stimulus funds allocated to this project. $977 million in other public funding, primarily from federal transit grants, but with portion of funds coming from New York Transit Authority, state and local sources.

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
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
4
0
Forms
Description
Other
NYTA Formats 

Project Value (If and As Known)

Date of Estimated Project Value: June 30, 2010
Project Value
Hard Cost
Hard & Soft Costs
Construction
$1-5 Billion US
(none)

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