| Location |
Denver , Colorado |
| PPP Option |
Design-Build |
| Mode |
Toll Highway |
| Description |
The E-470 is a 47-mile orbital toll road running along the eastern perimeter of the Denver metropolitan area. The facility extends from State Highway C-470 at I-25 in Douglas County south of Denver to the east and north through Aurora and then passes along the western edge of Denver International Airport , finally turning back towards the west and terminating at I-25 near 157 th Avenue north of Denver in Thornton .
The project was built in four separate phases, with construction on Phase 1 beginning in 1989 and ending on Phase 4 in 2003
- Phase 1: 5.1 miles $115 million Opened June 1991
- Phase 2/3: 29.3 miles $663 million Opened July 1998
- Phase 4: 12.2 miles $453 million Opened January 2003
The facility provides both electronic and manual toll collection facilities at five tolling points. Over 60 percent of all tolls are paid electronically and there are more than 100,000 “EXpressToll” account holders.
The E-470 Authority’s underlying $1.2 billion in bond debt is scheduled to be paid off in approximately 2035 and after E-470 has established a perpetual maintenance fund to take care of E-470. At that time, the tolls will end and the road will be turned over to the Colorado Department of Transportation. |
| PPP Applications |
- Design-build procurement
- Privately held revenue bonds
- Private operations
- Accelerated joint interchange development
- Private snow removal
|
| Project Sponsor |
E-470 Public Highway Authority
The E-470 Public Highway Authority ("Authority") consists of eight member jurisdictions: Adams, Arapahoe, and Douglas counties and the cities of Aurora, Brighton, Commerce City, Thornton , and the town of Parker. Affiliate, non-voting members are the cities of Arvada, Broomfield and Greeley, 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).
|
| Cost |
$1.2 billion |
| Type of Finance |
Revenue bonds
|
| Revenue Sources |
Toll revenues, vehicle registration fees, highway expansion fees on adjacent properties, lease revenues from cellular towers, easement permit fees |
| Project Delivery / Contract Method |
Design-Build
|
| Private Partners |
Design-Builder Phase 4: MKK Constructors: joint venture between Washington Group International, Inc. (formerly Morrison Knudsen) and Kiewit Western
Project Oversight Engineer: O’Brien Kreitzberg Inc. URS
Design-Builder Phases 2/3: Morrison Knudsen with Fluor Daniel, Inc.
Private Operator: PB Alltech
Interchange joint development partners: county and/or city jurisdictions and private developers
|
| Project Advisors |
Piper Jaffray
Vollmer Associates
Bear Stearns
George K. Baum |
| Investors |
Bond holders |
| Physical Status |
Last segment opened in January 2003 and links I-25 at C-470 on the south side of the metro area to I-25 at 160th Ave and the Northwest Parkway in the north, creating one half of the beltway around Denver. Widening of the first segment began in 2003 and will continue through 2005. A $30 million fly-by bridge structure over I-70 will begin in 2005 and be completed in 2006 under a design-build contract.
|
| Financial Status |
Closed
|
| Innovations |
Innovative mix of revenue sources.
E-470 and its private operations contractor received a toll innovations award from IBTTA in 2000 for toll operations.
The successful completion of the E-470 has spurred the creation of the 11-mile Northwest Parkway , which was completed in late 2003. |
| Related Links / Articles |
E-470 Tollway Homepage
Electronic Toll and Traffic Management
|
| Contacts |
Finance information:
John D. McCuskey
Deputy Executive Director/Director of Finance
jmccuskey@e-470.com
Operational information:
Dave Kristick
Director of Operations
dkristick@e-470.com
E-470 Public Highway Authority
22470 E. 6th Parkway
Suite 100
Aurora, CO 80018
Tel. (303) 537-3470 |
