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Project Profiles

Foley Beach Express

Location

Baldwin County, Alabama

Project Sponsor / Borrower

City of Foley, Alabama

Program Areas

P3Revenue - Road Pricing Revenue

Mode

Highway / Toll Bridge

Description

The Foley Beach Express (Beach Express) is a 13.5-mile limited access four-lane route from the City of Foley to Orange Beach, Gulf Shores, and Perdido Key in Alabama. It is in alternative to the heavily traveled Highway 59.

The project was originally built in two sections: the 7.5-mile, toll-free Foley Bypass constructed with federal funds and a 1-mile bridge over the Intracoastal Waterway and 5-mile approach road designed, built, and financed by the Baldwin County Bridge Company (BCBC). The approach road was deeded to Baldwin County which maintained and operated it toll-free. The bridge was tolled and operated by BCBC.

In December 2005, the Foley Beach Express was sold to Macquarie Infrastructure Group (MIG) and in early 2007 was sold again to Alinda Capital Partners, LLC.

Cost

$44 million

Funding Sources

$36 million private (taxable) toll revenue bond issue
Additional grants from FHWA and the City of Foley

Project Delivery / Contract Method

Toll bridge was built using a design-build procurement awarded to McInnis Corporation of Montgomery, Alabama. The private highway contractor was a joint venture of J.S. Walton Construction and Mobile Asphalt, Co., both of Mobile, Alabama.

Private Partner

Original DBFO partner: Baldwin County Bridge Company

Current owner: Alinda Capital Partners, LLC

Project Advisors / Consultants

Helmsing, Leach, Herlong, Newman and Rouse

Lenders

HSH Nordbank AG (Germany)

Duration / Status

Opened June 2000

Financial Status

Closed

Innovations

N/A

Related Links / Articles

Foley Beach Express Website

Contacts

American Roads LLC
100 E. Jefferson
Detroit, MI 48226
Tel: (334) 834-6440

Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000
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