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: September 25, 2019

Project Name: Monroe Expressway (Charlotte Metro, NC)
Year in Operation: 2018
Sector: Transportation
Subsector: Roads
Status: In Operation
Type: New Facility
Description: The Monroe Expressway is an 18-mile bypass that stretches from east of the I-485 and U.S. 74 interchange in Matthews, to just west of Marshville. Drivers traveling from Marshville to Matthews will have a projected time savings of about 20 minutes. The Expressway has an all-electronic tolling system, which provides seamless travel, without having to slow down or stop to pay tolls. NC Quick Pass is the turnpike authority's toll collection program.
Delivery Method as described in the country where it's located: Design Build Operate Maintain
Is the project still active: Yes
Comments:

Project Locations

Address: Monroe Expy
City: Wingate
State: North Carolina
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: $600 Million in bonds NC DOT $166 million in federal loan

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Checkbox Checked

Direct Cash Support

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
4
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: December 31, 2018
Project Value
Hard Cost
Hard & Soft Costs
Design
$25-100 Million US
(none)
Construction
$250 Million - 1 Billion US
(none)
Total
$500 Million - 2 Billion US
(none)

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