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 13, 2018

Project Name: I-405 Expansion (Orange Country Transportation Authority)
Year in Operation: 2023
Sector: Transportation
Subsector: Roads, Bridge
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: Widening of I-405 over a 16 mile stretch in Orange County between I-605 (near Long Beach and the LA County line) and CA73 (near John Wayne Airport). The project includes adding one regular lane in each direction, with improvements in freeway entrances, exits, and bridges. The project will add "405 Express Lanes", which will incorporate existing carpool lanes with a new lane in each direction. Solo drivers will have the choice to pay a toll to use these lanes. Two-person carpools will pay a toll only during peak hours. Carpools of 3 or more will be free at all times. The amount of the toll will be congestion-priced, to keep the 405 Express Lanes moving predictably.
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments:

Project Locations

Address: I-405 and I-605
City: Seal Beach
State: California
Country: United States of America

Address: I-405
City: Costa Mesa
State: California
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Reconfiguration of existing rights of way to add lanes, adjust entrances and exits.
Checkbox Checked Environmental Clearance: By Orange County Transportation Authority.

Souces of Project Support (Monetary)

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From Public (Government) Sources to Producers: Overall $1.9 Billion design and construction cost, largest project in OCTA's history, and largest active freeway project in California.

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Direct Cash Support: $1.1 Billion of projects Design and Construction cost will come from Measure M, the county's half-cent sales tax for transportation improvements.

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From Other Public Entities - Direct Grant of Appropriated Public Funds: $45.6 million from Federal government $89.7 from state of California

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From Cash On Hand: $45.6 million from Federal Government. $89.7 million from state government.

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Borrowed from Capital Markets: Low interest loan of $629 paid off by revenue from the I-405 Express Lanes. OCTA's traffic consultants projects 13.9 million trips in the first year of operation, rising to 20.3 million in the 3rd year.

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From Private Capital Markets Directly to Producers as Debt: $629 million low interest loan to OCTA, to be paid off by revenue from the I-405 Express Lanes. Traffic consultants estimate that the express lanes will get 13.9 million trips in the first year, rising to 20.3 million trips in the third year.

Project Delivery & Finance Method

Project Delivery:
Design Build (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? No

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design and Build Together
X
X
Project Component
Yes
No
Is Negotiation of the Price Permitted After Selection of the Winner?
X
Is Negotiation of the Scope of Services Permitted After Selection of the Winner?
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
5
0
Forms
Description
Other
OCTA has used design build to deliver several existing freeways in Orange County. 

Project Value (If and As Known)

Date of Estimated Project Value: January 19, 2018
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
$1-5 Billion US
$1-5 Billion US
Total
$2-10 Billion US
$2-10 Billion US

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