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 30, 2010

Project Name: Springfield-Branson (MO) Airport Terminal
Year in Operation: 2008
Sector: Transportation
Subsector: Airport
Status: In Operation
Type: New Facility
Description: The new terminal is the third in the Airport's history. It is roughly 275,000 SF and includes 10 gates. The driving factor for its design and construction was to serve the growing needs of the airport. Consequently, it was designed for easy expansion up to 60 gates.
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments:

Project Locations

Address:
City: Springfield
State:
Country: United States of America

Address: 2300 N. Airport Blvd. Springfield, Missouri 65803
City: Springfield
State: Missouri
Country: United States of America

Address: 2300 N. Airport Blvd.
City: Springfield
State: Missouri
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: On existing site at airport.
Checkbox Checked Environmental Clearance: Yes, both Federal and State primarily concerning water quality

Souces of Project Support (Monetary)

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From Public (Government) Sources to Producers: The project was fully funded by the Springfield-Branson Airport through revenue bonds and grants from the Federal Aviation Administration.

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Direct Cash Support: The airport borrowed $97 million in revenue bonds to raise funds to pay for the new terminal. Funds to support payment of the debt service on these bonds come from airport revenue, passenger facility charges, and the FAA's commitment to make annual Airport Improvement Program grants.

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

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Borrowed from Capital Markets: The airport borrowed $97 million in revenue bonds to raise funds to pay for the new terminal.

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From Other Public Entities - Direct Grant of Appropriated Public Funds: The remaining $20 million needed to fund the project came directly from discretionary Federal Aviation funds

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Rated by Moody's: The revenue bonds were AAA rated by Moody's

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
3
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: October 30, 2010
Project Value
Hard Cost
Hard & Soft Costs
Total
< $200 Million US
(none)

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