Design Build Finance Operate Maintain (DBFOM) Availability Payment Concessions
With availability payment DBFOM concessions, the public agency pays the P3 developer throughout the concession period for making the facility available to users. Payments may be reduced if the private partner does not meet operational performance standards such as lane closures, incident management, or snow removal. These transactions often include construction “milestone” payments to defray the amount of the ongoing availability payment.
Tolls or No Tolls
An availability payment concession is the norm for non-toll projects, but it can also be used in conjunction with tolls, where the public agency wants to retain control over toll rates and is willing to accept the revenue risk. A public agency that already operates a network of toll facilities might even choose to retain the “O” and negotiate a DBFM concession agreement.
Projects
Design Build Finance Operate Maintain (DBFOM) Availability Payment Concessions:
- Central 70 - Denver, Colorado
- Eagle Project - Denver Metro Area, Colorado (transit project)
- Goethals Bridge Replacement * - Staten Island, New York to Elizabeth, New Jersey
- Gordie Howe International Bridge - Windsor, Ontario to Detroit, Michigan
- I-4 Ultimate - Orlando, Florida
- I-69 Section 5 - Bloomington to Martinsville, Indiana
- KentuckyWired - Kentucky (statewide)
- I-75 Modernization Project Segment 3 * - Detroit Metropolitan Region, Michigan
- I-595 Corridor Roadway Improvements - Broward County, Florida
- Metro Region Freeway Lighting P3 (Michigan) - Detroit Tri-County Area
- Northampton County Bridge Renewal Program * - Northampton County, Pennsylvania
- Ohio River Bridges East End Crossing - Southern Indiana/Louisville, Kentucky
- Pennsylvania Rapid Bridge Replacement Project * - Pennsylvania (statewide)
- Pennsylvania Major Bridge Program - Throughout the State of Pennsylvania
- Port of Miami Tunnel - Miami, Florida
- Presidio Parkway (Phase II) - San Francisco, California
- Purple Line Project - Washington DC Metro Region / Central Maryland (transit project)
- Southern Ohio Veterans Memorial Highway (Portsmouth Bypass) - Portsmouth to Lucasville, Scioto County, Ohio
- State Street Redevelopment Project * - West Lafayette, Indiana (local road project)
- Washington DC Street Light Modernization P3 - District of Columbia
* Design-build-finance-maintain
