You are about to delete: .Confirm Deletion Cancel
Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: The public sponsors for the project included State and Federal dollars in FDOT’s 5-year work program, growth management funds from 2005 legislation, the Transportation Regional Incentive Program, Collier County Florida, and U.S. Congressmen secured funds.
Direct Cash Support: All five of these public sources/sponsors are providing direct cash support to the project. The growth management funds are contributing $106 million, the Transportation Regional Incentive Program is contributing $4 million, Collier County is contributing $16 million, and the federal funding secured by congressmen Connie Mack and Mario Diaz-Balart contribute $81 million.
From Private Capital Markets Directly to Producers as Debt: The Design-Build Firm bid the project knowing they would be paid back on a quarterly basis over a period of 5 years. Their bid had to include their cost to finance the project. However, FDOT did make progress payments to the Design-Build Firm based on their project production and based on the quarterly funds available for payment. The dollars from the 5 funding sources were put into FDOT’s work program and cash flowed over the 5 years.