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: March 11, 2013

Project Name: Ohio River Bridges - East End Crossing
Year in Operation:
Sector: Transportation
Subsector: Bridge, Roads
Status: Design / Construction
Type: New Facility
Description: The Ohio River Bridges project consists of two new bridges and the reconfiguration of the Kennedy Interchange. KYTC (Kentucky) and INDOT (Indiana) are woking on the project, with the East End Crossing Bridge being built by Indiana using a Public Private Partnership.
Delivery Method as described in the country where it's located: Design Build Finance Operate Maintain
Is the project still active: Yes
Comments: $713M of private borrowing is being secured by a 35 year availability payment. Management is by s special purpose company WVB East End Partners.

Project Locations

Address: Kentucky 841 and U.S. 42
City: Prospect
State: Kentucky
Country: United States of America

Address: Indiana 62 and Indiana 265
City: Clarksville
State: Indiana
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: New bridge being constructed on the land that is already held by Kentucky and Indiana.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Availability payments are made from the government to the private funders.
Checkbox Checked Environmental Clearance: Final EIS was prepared by the two states.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: $490M from Indiana and $72M from Kentucky

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: $713M of private debt financing

Checkbox Checked

From Producers as Equity: $82M of the $713M is equity from producers

Checkbox Checked

Rated by Standard & Poors: Bonds were given a BBB rating

Checkbox Checked

Rated by Fitch: Bonds were given a BBB rating

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
39
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: March 11, 2013
Project Value
Hard Cost
Hard & Soft Costs
Construction
$250 Million - 1 Billion US
$250 Million - 1 Billion US
Total
(none)
$500 Million - 2 Billion US

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