Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

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

Background informationProject Created: May 2, 2009

Project Name: Alligator Alley (2009 Asset Monetization RFP)
Year in Operation:
Sector: Transportation
Subsector: Roads
Status: Project Definition / Programming
Type: Repositioning of Existing Facility
Description: Abandoned. Mid May 2009. Procurement seeking private concession to operate and maintain existing 78 -mile Alligator Alley toll road for a period between 50 and 75 years.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: Long term O&M of existing toll road, with re-surfacing and long term repairs included. Term intended to range between 50 and 75 years, depending in part on amount of up front rent payment offered. 12.5% of expected revenues paid back to Florida DOT each year and 50% of higher than expected revenues paid back to Florida DOT each year.

Project Locations

Address:
City: Naples
State: Florida
Country: United States of America

Address:
City: Fort Lauderdale
State: Florida
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Existing toll road.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Toll revenues from existing road over lenght of the concession.
Checkbox Checked Environmental Clearance: Existing toll road.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: Assignment of existing toll revenues from public to private sector. Increased rate of tolling is established by the state in the RFP sufficient for the private sector to recover the costs of ongoing repairs, O&M during the concession term and to recover the expense of any up-front payment of rent by the private sector.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Final proposals have not yet been received.

Checkbox Checked

From Producers as Equity: Final proposals have not yet been received.

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 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
50
0
Forms
Description
Other
Form generated by the government. 

Project Value (If and As Known)

Date of Estimated Project Value: May 2, 2009
Project Value
Hard Cost
Hard & Soft Costs

Project Value Unknown or not Provided

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