Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

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

Background informationProject Created: October 2, 2019

Project Name: Central 70 Project (I-70 Denver)
Year in Operation: 2023
Sector: Transportation
Subsector: Roads, Bridge, Tunnel
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: Central I-70, between I-25 and Chambers Road, is a heavily used portion of the Interstate network around Denver, providing the connection to Denver International Airport and carrying more than 200,000 vehicles per day. Central 70 is the substantial reconstruction of 10 miles of I-70 between Brighton Boulevard and Chambers Road, adding one Express Lane in each direction (with capacity for a second), removing the existing 55-year old viaduct, lowering the interstate to subgrade, replacing existing street crossings, and adding a 4 acre park over a portion of the revised structure.
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: I-70 Central
City: Denver
State: Colorado
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): 30 year DBOM contract with Kiewit Meridiam Partners (a JV) supported by long term tolls set by The High Performance Transportation Enterprise (HPTE) in Colorado. Tolls are set by HPTE based on keeping the right amount of vehicles in the Express Lanes so travel times are reliable. CDOT will keep the tolls, and fund the 30 year Design Build Operate and Maintain contract with KW Partners.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Project Delivery & Finance Method

Project Delivery:
Design Build Operate Maintain (All Public 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 independant checking engineer? No
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
Design Build Operate and Maintain

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
30
0
Forms
Description
Other
Negotiated 

Project Value (If and As Known)

Date of Estimated Project Value: June 2, 2019
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
$1-5 Billion US
(none)
Operations & Maintenance
$500 Million - 2 Billion US
(none)
Total
$500 Million - 2 Billion US
(none)

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