Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: September 11, 2008

Project Name: SR 91 Express Lanes
Year in Operation: 1996
Sector: Transportation
Subsector: Roads
Status: In Operation
Type: New Facility
Description: Congestion relieving, variable priced Express Lanes added to existing State Road 91 in Orange County, California.
Delivery Method as described in the country where it's located: Build Operate Transfer
Is the project still active: Yes
Comments: One of four projects selected for demonstration under Assembly Bill 680 in 1988.

Project Locations

Address:
City: Orange County
State: California
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Express Lanes in Center of Existing Highways. Winning proposer to acquire private parcels, with costs to be incorporated as part of Cpaital costs. Condemnation available, if necessary through Caltrans.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: $7 million loan from Orange County Transportation Agency.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: $100 Million in Debt.

Checkbox Checked

From Producers as Equity: $19 Million in equity from private sector proposer.

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 independant checking engineer? Yes
Project Finance Method: All or Partially By Public 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
35
0
Forms
Description
Other
Documents developed by parties. 

Project Value (If and As Known)

Date of Estimated Project Value: September 11, 2008
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Total
< $200 Million US
(none)

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