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: May 11, 2011

Project Name: I-93 Reconstruction: Salem to Manchester
Year in Operation:
Sector: Transportation
Subsector: Roads, Bridge
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: The project involves the reconstruction of a 19.8-mile segment of I-93 in the southern portion of New Hampshire near the Massachusetts state line. The goal of this reconstruction is to improve safety and mobility along the I-93 corridor. The improvements include widening the highway to 8 total lanes and modifications to five existing “red-lined” bridges at five interchanges. Additionally, three new park and ride lots will be built along with an expanded commuter bus service to Boston and enhanced Intelligent Transportation Systems (ITS).
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments:

Project Locations

Address: Interstate 93
City: Manchester, 03109
State: New Hampshire
Country: United States of America

Address: Interstate 93
City: Salem, 03079
State: New Hampshire
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Environmental Clearance: The NHDOT has dedicated itself minimizing, avoiding, or compensating for the impacts to wetlands in the project area. Additionally, it has conducted a chloride surface water quality study, a Supplemental Environmental Impact Study, Final Environmental Impact Study, and Noise Abatement alternatives and strategies.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: The project sponsor is the New Hampshire Department of Transportation.

Arrow Right
Checkbox Checked

Direct Cash Support: Annual Highway Appropriations, State Highway Funds, and Turnpike Toll Credits are being used as funding sources.

Arrow Right
Checkbox Checked

Credit Enhancements: Credit sources of funding for the project include: GARVEE bonds ($195 million) and Motor Fuel Tax Revenue Bonds. The initial $80 million of the GARVEE bond transaction was issued in November of 2010. $20 million were issued as a Series A “Build America Bonds” under the American Recovery and Reinvestment Act (ARRA) of 2009 and will receive subsidy payments from the US Treasury equal to 35% of the taxable interest the state pays on them. The remaining $60 million are a Series B bond issued as a “Recovery Zone Economic Development Bond” under the ARRA and will receive payments from the Treasury equal to 45% of the taxable interest paid by the state.

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

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
15
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: May 11, 2011
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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