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 19, 2013

Project Name: Columbia River Crossing Project
Year in Operation:
Sector: Transportation
Subsector: Bridge, Transit
Status: Project Definition / Programming
Type: Substantial Alteration of Existing Facility
Description: The CRC project will significantly improve safety and congestion in the five-mile segment of I-5 between SR 500 in Vancouver and Victory Boulevard in North Portland. CRC will replace the Interstate Bridge, improve five miles of I-5, extend light rail to downtown Vancouver and improve bicycle and pedestrian facilities. The project is currently finishing the RFQ and RFP for the summer of 2013.
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments: The project will be delivered under a Design-Build contract for the replacement of the I-5 bridge (river crossing and approaches). In addition to this, there are several different contract packages and delivery methods expected to to be carried out for the other components of the project (transit, light rail, etc.)

Project Locations

Address: Washington 14 & Interstate 5
City: Vancouver
State: Washington
Country: United States of America

Address: N Victory Blvd & Interstate 5
City: Portland
State: Oregon
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Tolling will help finance the CRC project and manage congestion.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: Oregon and Washington State Funds: $900 million ($450 each); Federal Highway: $400 million

Arrow Right
Checkbox Checked

Credit Enhancements

Arrow Right
Checkbox Checked

From Public Sponsor of Project: Tolls: $ $900 - $1,200 million

Arrow Right
Checkbox Checked

From Other Public Entities: Federal Transit Administration (New Starts Grant): $850 million

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: March 19, 2013
Project Value
Hard Cost
Hard & Soft Costs
Construction
$1-5 Billion US
(none)

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