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: February 13, 2011

Project Name: 1-95 Widening Project, Florida
Year in Operation: 2011
Sector: Transportation
Subsector: Roads
Status: In Operation
Type: Substantial Alteration of Existing Facility
Description: This project involves the widening of I-95 from four lanes to six lanes from south of Fiske Blvd to Palm Bay Road. The project scope includes widening bridges at Eau Gallie and Lake Washington, as well as the construction of new bridges at US-192 and Wickham Road and a new interchange at the Pineda Causeway. The total project length is 18 miles.
Delivery Method as described in the country where it's located: Design-Build-Finance
Is the project still active: Yes
Comments:

Project Locations

Address: Interstate 95
City: Rockledge, 32955
State: Florida
Country: United States of America

Address: Interstate 95
City: West Melbourne, 32904
State: Florida
Country: United States of America

Address: Interstate 95
City: Rockledge
State: Florida
Country: United States of America

Address: Interstate 95
City: West Melbourne
State: Florida
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land: No new ROW or land needed to be acquired for the project.
Checkbox Checked Environmental Clearance: The project was required to obtain water management district permits, COE permits, and Corridor permits.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: The Florida Department of Transportation is the Public Sponsor

Arrow Right
Checkbox Checked

Direct Cash Support: The Department has created a pay out schedule over four years with funds it has conjured from its work program initiative. The pay out table extends on through 2013, 3 years past when the project will be fully complete and operational.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: The DBF contractor provides financing for the difference between construction time and pay out time as indicated by the department’s payout schedule. A $5,000,000.00 bonus is offered if the Contractor completes the project by December 31, 2010. If the project is not complete on that date, the bonus amount is reduced $25,000.00 per day until the project is complete.

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
3
2
Forms
Description
Other
FDOT contract 

Project Value (If and As Known)

Date of Estimated Project Value: February 13, 2011
Project Value
Hard Cost
Hard & Soft Costs
Design
$10-25 Million US
(none)
Construction
$100-250 Million US
(none)
Total
< $200 Million US
(none)
Array ( )

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