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Project Profiles

Interlink (formerly Warwick Intermodal Station)

Location

Warwick, Rhode Island

Project Sponsor / Borrower

Rhode Island Airport Corporation (RIAC)

Rhode Island Department of Transportation (RIDOT)

Federal Highway Administration

Program Area

Project FinanceTIFIARevenue - Non-Road Pricing Revenue

Fiscal Year Approved

Fiscal Year 2006

Mode

Intermodal

Description

Interlink, formerly the Warwick Intermodal Station project, is an intermodal project connecting air, rail, bus, automobiles, and rental cars at T.F. Green Airport in Warwick, RI that serves the Providence area and Southern Massachusetts.

The intermodal facility serves MBTA (Massachusetts Bay Transportation Authority) commuter trains traveling between Warwick, Providence, and Boston, utilizing Amtrak rails; and Wickford Junction in North Kingstown, RI that opened in April 2012. The rail platform is integrated with a consolidated rental car facility that houses all airport rental car operations. The six-level parking garage includes approximately 1,800 spaces for rental car operators and 800 for rail commuters. This garage includes the first elevated fueling platforms in the country. A 1,200-foot, elevated and enclosed walkway with moving sidewalks connects passengers to and from the airport terminal. Additionally, the station incorporates opportunities for local and intercity bus service connections.

Cost

$267 million

Funding Sources

Federal funding grants - $124.6 million

TIFIA loan - $42.0 million

Special facility revenue bonds - $39.6 million

Customer facility charges - $29.6 million

State grants - $31.1 million

Project Delivery / Contract Method

Construction Manager At Risk

Project Partner

Nine rental car agencies

Project Advisors / Consultants

Parsons Brinckerhoff - Project management

Gilbane Building Company - Construction management

Jacobs Engineering Group - Design

To USDOT TIFIA JPO:

  • TIFIA Legal Advisor: Ballard Spahr
  • TIFIA Financial Advisor: Infrastructure Management Group

Lenders

Bondholders, USDOT TIFIA

Duration / Status

Construction began fall 2007; Substantial completion reached in October 2010

TIFIA Credit Assistance

Direct loan: $42 million

The TIFIA loan will be secured by customer facility charges imposed by RIAC upon people renting cars at the airport as well as payments by the rental car companies for tenant improvements in the Intermodal Facility.

Financial Status / Financial Performance

TIFIA credit agreement signed on June 27, 2006.

The first TIFIA payment was made in January 2012 and the final maturity date of the loan is July 2042.

Loan repayments began in 2009 and conclude in 2042.

Innovations

  • The project used an owner controlled insurance program (OCIP) in conjunction with an on-site health care company.
  • The project used prefabricated elements to construct the garage and the Construction Manager at Risk delivery method (Every Day Counts Method).

Related Links / Articles

RIAC Project Website

Project Background Information

Contacts

Patti Goldstein
Vice President of Public Affairs
T.F. Green Airport
Tel: (401) 691-2000 (ext. 272)

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