Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: December 11, 2016

Project Name: US 36 Managed Lanes & BRT Project - Phase II
Year in Operation:
Sector: Transportation
Subsector: Roads
Status: Project Definition / Programming
Type: Substantial Alteration of Existing Facility
Description: The second phase of the US 36 project is currently in a procurement for a public-private partnership under a Concession Agreement delivery - they have specified DBFOM. This segment is 8 miles, from 88th Street in Louisville to Table Mesa/Foothills in Boulder, and will mirror the features of Phase 1. Proposals from the proposing teams are due in March, 2013 and a preferred proposer will be selected in April, 2013. The Concessionaire will finance, design and construct Phase 2, and then operate and maintain Phase 1, Phase 2 and the existing I-25 Express Lanes in central Denver under a 50-year agreement.
Delivery Method as described in the country where it's located: Design Build Finance Operate Maintain
Is the project still active: Yes
Comments:

Project Locations

Address: S. 88th St.
City: Louisville
State: Colorado
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land
Checkbox Checked Access to Land: CDOT has the authority to acquire by purchase, gift, or grant, or, subject to the requirements of articles 1 to 7 of title 38, of the Colorado Revised Statutes, by condemnation, any and all ROW, lands, buildings, moneys, or grounds necessary or convenient for its authorized purposes. As this is an existing highway corridor most of the ROW necessary to complete the Phase 2 Construction Scope is already owned by CDOT.
Checkbox Checked Environmental Clearance: Copies of the ROD and related documents, studies and approvals for the US 36 Corridor Project are included in the Project Documents.

Souces of Project Support (Monetary)

Checkbox Checked

From Producers as Equity: The concessionaire will finance the design and construction of the Phase II Corridor (the section of US 36 from 88th St to Table Mesa Dr. The concessionaire will operate and maintain Phase I & II along with the existing reversible I-25 Express Lanes that follow through to downtown Denver (23 miles total).

Project Delivery & Finance Method

Project Delivery:
Design Build Finance Operate Maintain (All Private Finance). Public Sponsor contracts for initial design, construction, and for long term operations and maintenance with a single entity. At the end of the term, Public Sponsor regains control of the facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private 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
To Be Determined
 

Project Value (If and As Known)

Date of Estimated Project Value: February 25, 2013
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
$100-250 Million US
(none)

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