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: November 30, -0001

Project Name: Northwest Corridor Express Lanes (Atlanta, GA)
Year in Operation: 2018
Sector: Transportation
Subsector: Roads, Bridge
Status: In Operation
Type: Substantial Alteration of Existing Facility
Description: Congestion relieving, 29.7 mile tolled highway project that extends northwest of Atlanta (GA) along I-75 and I-575. The project includes the extension of managed lanes from the current end of the high occupancy vehicle (HOV) lanes along I-75 at Akers mill Road; two reversible tolled managed lanes to the west of the existing general purpose lanes along I-75 between I-285 north and I-575; and one reversible tolled managed lane in the median along I-75 between I-575 and Hickory Grove Road and along I-575 to Sixes Road.
Delivery Method as described in the country where it's located: Other
Is the project still active: Yes
Comments: The project is TIFIA financed, and described by TIFIA as Design Build Finance, because $60M of the $833.7 million design and construction cost is put up by the Design Builder. That "financing" is repaid by the State through toll revenue bonds and/or motor fuel tax revenues.

Project Locations

Address: I-75
City: Kennesaw
State: Georgia
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s)
Checkbox Checked Environmental Clearance: By State DOT

Souces of Project Support (Monetary)

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From Public (Government) Sources to Producers: The project cost was $833.7 Million. $232.9 Million of the cost was funded by GA state motor fuel taxes. $265.9 Million of the cost was funded by Georgia DOT program funds (from federal and state sources).

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Direct Cash Support

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Checkbox Checked

Credit Enhancements: $275 Million was funded by the federal government through a TIFIA loan, to be repaid through a pledge of the revenues from tolls.

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From Producers as Equity: The winning "Design-Build-Finance" consortium provided $59.9M in "financing" for the project, but this is to be repaid with interest by the State out of toll revenue bonds/motor fuel tax revenues.

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
 

Project Value (If and As Known)

Date of Estimated Project Value: October 1, 2018
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Design
$25-100 Million US
$25-100 Million US
Construction
$250 Million - 1 Billion US
$250 Million - 1 Billion US
Total
$500 Million - 2 Billion US
$500 Million - 2 Billion US

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