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: March 11, 2013

Project Name: Ohio River Bridges - Downtown Crossing
Year in Operation:
Sector: Transportation
Subsector: Bridge, Roads
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: The Ohio River Bridges project consists of two new bridges and the reconfiguration of the Kennedy Interchange (known as the Spaghetti Junction). The project is being managed by the Kentucky Transportation Cabinet (KYTC) and the Indiana Department of Transportation (INDOT). The Downtown Crossing bridge will be built by Kentucky through a "traditional" procurement method. Construction is expected to break ground in the summer of 2013 and expected to open by 2016. Both the Downtown Crossing project and East End Crossing project will be built by the same company. This particular project has "unwittingly created one of the world’s best natural experiments for testing two methods of procuring infrastructure."
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments: After an initial RFQ they shortlisted to three competitors.

Project Locations

Address: Dr Martin Luther King, Jr Expy & Interstate 64
City: Louisville
State: Kentucky
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: They are reconstructing an existing bridge.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Each state is selling Senior Toll Revenue Bonds to finance a portion of the initial construction. These bonds are being retired through tolls.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: $583 Million from the sale of Senior Toll Revenue Bonds $723 Million in State and Federal Appropiations

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
4
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: August 31, 2012
Project Value
Hard Cost
Hard & Soft Costs
Design
$100-500 Million US
(none)
Construction
$250 Million - 1 Billion US
(none)
Array ( )

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