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Project Profiles

Gerald Desmond Bridge Replacement Project - Long Beach, California

Location

Long Beach, California

Project Sponsor / Borrower

Port of Long Beach

Program Areas

Project DeliveryProject FinanceTIFIA

Fiscal Year Approved FY 2014

Mode

Highway Bridge

Description

The Gerald Desmond Bridge is a major access point to the Port of Long Beach from downtown Long Beach and surrounding communities, carrying I-710 over the Port's Inner Harbor to Terminal Island. The replacement bridge will be a six-lane, cable-stayed design, with a 205-foot clearance to allow the newest generation of cargo ships to enter the Port. The bridge will include emergency lanes on the inner and outer shoulders, as well as a bicycle/pedestrian path. The new bridge is being built alongside the current bridge to maintain traffic flow. The current bridge will be demolished once the replacement is completed.

Cost

$1,288 million

  • Design-build contract - $650 million
  • Program management/utilities and right-of-way costs - $438 million
  • Existing Bridge Demolition - $25 million
  • Contingencies - $150 million
  • Bond Anticipation Note Capitalized Interest - $25 million

Funding Sources

TIFIA loan - $325 million

LA Metro - $17.3 million

Port of Long Beach - $117 million

State/Caltrans funds - $153.7 million

Federal funds - $675 million

Project Delivery / Contract Method

Design-Build

Private Partner

Design-builder: SFI (Shimmick Construction Company, Inc., FCC Construction SA, Impreglio S.p.A. joint venture)

  • Arup North America Ltd. - lead design
  • Biggs Cordosa Associates Inc. - lead design

Project Advisors / Consultants

To the borrower:

  • Public Resources Advisory Group - Financial Advisor
  • Kutak Rock - Counsel to the Borrower
  • Additional Advisors

To USDOT TIFIA JPO:

  • TIFIA Legal Advisor: Shearman & Sterling
  • TIFIA Financial Advisor: IMG Rebel

Lenders

USDOT TIFIA

Duration / Status

The project broke ground in January 2013 and expected completion is December 2016.

TIFIA Credit Assistance

Direct loan: $325 million

The TIFIA loan will be repaid with port revenues.

Financial Status

TIFIA credit agreement was executed with the Harbor Department of the City of Long Beach, CA.

Financial close occurred on May 21, 2014.

Innovations

Port of Long Beach and Caltrans jointly procured the project.

Related Links / Articles

New Gerald Desmond Project Website

Port of Long Beach Project Website

Contacts

Judy Gish
Caltrans District 7 Office
(213) 897-3487

 

John Pope
Port of Long Beach Communications
(562) 283-7714
john.pope@polb.com

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