Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DB
# of Projects: 1
100% of the Results

Background informationProject Created: November 14, 2010

Project Name: Project Neon: I-15 North Highway Project
Year in Operation: 2019
Sector: Transportation
Subsector: Roads, Bridge
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: The project primarily consists of widening 3.7 miles of I-15 from 6 to 10 lanes between US 95 (The “Spaghetti Bowl”) and Sahara Ave. The reconstruction of several on and off ramps, three aging bridges, new sound walls, and landscape improvements are also included in the scope of work. Nearly two decades in the making, Project Neon is the largest public works project in Nevada history. It is presently the busiest stretch of highway in the state with 300,000 ADT, or one-tenth of the state population. Improvement include an HOV direct connect between U.S. 95 and I-15, express-lane conversion on I-15, a new interchange dubbed the “Neon Parkway,” interchange reconstruction, and ancillary corridor expansion and realignment. At present, crews are working on the U.S. 95 and Martin Luther King Blvd realignment, which is expected to be complete by the end of summer 2017, at which time traffic will be moved onto the new alignment so that the I-15 work can proceed in 2018. Expected completion in mid 2019.
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments: Also described as "Best Value" Design Build

Project Locations

Address: I-15 at W. Sahara Ave.
City: Las Vegas
State: Nevada
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land: The Nevada Department of Transportation previously owned the ROW for the project—No additional cost was necessary to secure the land for the project
Checkbox Checked Environmental Clearance: An environmental assessment was conducted, although the project was determined to not be worth a full environmental impact statement (EIS).

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: $900 Million is the total estimated cost of the project. Construction bonds to fund the project were approved by the Nevada State Transportation Board in November 2015. An undisclosed amount of federal funds will be used to help retire the bond debt. The city of Las Vegas is contributing "about $75 million" in locally obligated federal highway funds toward the project.

Arrow Right
Checkbox Checked

Direct Cash Support

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
4
0
Forms
Description
Other
Negotiated DB contract with NDOT. 

Project Value (If and As Known)

Date of Estimated Project Value: June 15, 2017
Project Value
Hard Cost
Hard & Soft Costs
Feasibility
$10-25 Million US
$25-100 Million US
Construction
$250 Million - 1 Billion US
$250 Million - 1 Billion US
Total
$500 Million - 2 Billion US
$500 Million - 2 Billion US

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