photo credit: E-470 Public Highway Authority
| Location | Denver Metro Area, Colorado |
|---|---|
| Project Sponsor / Borrower | E-470 Public Highway Authority The E-470 Public Highway Authority consists of eight member jurisdictions: Adams, Arapahoe, and Douglas counties and the municipalities of Aurora, Brighton, Commerce City, Thornton, and Parker. Affiliate, non-voting members are the cities of Arvada, Greeley, and Lone Tree, City and County of Broomfield, and Weld County. Ex-officio members are the Colorado Department of Transportation (CDOT), Denver Regional Council of Governments (DRCOG) and the Regional Transportation District (RTD). |
| Program Areas |
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| Mode | Toll Highway |
| Description | E-470 is a toll highway that runs along the eastern perimeter of the Denver metropolitan area. The 47-mile beltway extends from State Highway C-470 at I-25 in Douglas County south of Denver, runs east and then north through Aurora, passes along the western edge of the Denver International Airport, and turns back towards the west, terminating at I-25 on the north end of the metropolitan area just south of 160th Avenue. The project was built in four separate segments, with construction on Segment I beginning in 1989 and ending with Segment IV in 2003.
Toll collection is fully cashless effective July 4, 2009 either by ExpressToll transponders or through License Plate Toll camera photography. CDOT has an option to take over E-470 in 2076 after the establishment of a perpetual maintenance fund and all debt is defeased. |
| Cost | Total - $1.23 billion
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| Funding Sources | Revenue bonds (backed by toll receipts, vehicle registration fees, highway expansion fees on adjacent properties, lease revenues from cellular towers, easement permit fees) |
| Project Delivery / Contract Method | Design-build (Segments II/III and IV) |
| Private Partner | Design-builder Segment IV - MKK Constructors (joint venture between Washington Group International, Inc. [formerly Morrison Knudsen, later purchased by URS Corporation and now owned by AECOM] and Kiewit Western) Design-builder Segment II/III - Platte River Constructors (joint venture between Morrison Knudsen and Fluor Daniel, Inc.) Current operator - WSP | Parsons Brinckerhoff |
| Project Advisors / Consultants | Piper Jaffray |
| Lenders | Bondholders |
| Duration / Status | Segment I opened in June 1991. Segment II/III opened between July 1998 and May 1999. Segment IV opened in 2003. A third lane was added along a portion of the southern segment (Segment I) in November 2005. All-electronic Tolling began July 2009. Construction of a third lane between Parker Road and Quincy Avenue began in spring 2016 and is expected to be complete by the end of 2017. |
| Financial Status | Closed |
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| Related Links / Articles | |
| Contacts | Finance information: Jason Myers Operational information: Dave Kristick E-470 Public Highway Authority |
