Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

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

Background informationProject Created: October 16, 2008

Project Name: First New York City Subway
Year in Operation: 1902
Sector: Transportation
Subsector: Transit
Status: In Operation
Type: New Facility
Description: First sections of the New York City subway, awarded as a concession for 30 years to August Belmont.
Delivery Method as described in the country where it's located: Concession
Is the project still active: Yes
Comments: Concession subsequently broken by the City of New York in favor of joint operation by the City of IRT and BRT.

Project Locations

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

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

Souces of Project Support (Non-monetary)

Checkbox Checked Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Concessionaire allowed to collect and keep fares from users.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Portion borrowed.

Checkbox Checked

From Producers as Equity: Original investment in establishing the subway network by Belmont.

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? No
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
30
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: October 16, 1902
Project Value
Hard Cost
Hard & Soft Costs
Total
< $200 Million US
< $200 Million US

Warning!!!

You are about to delete: .

Confirm Deletion Cancel