| Location |
Baldwin County , Alabama |
| PPP Option |
Build Own Operate (BOO) |
| Mode |
Toll Bridge and Approach Highway |
| Description |
13.5 mile limited access four-lane route from the City of Foley to Orange Beach , Gulf Shores and Perdido Key in Alabama . The project was built in two sections.
The six-mile privately finance section includes a 2,000 foot privately owned bridge over the Intracoastal Waterway . Highpoint of bridge is 73’ above mean high tide with a 300’ center span over Intracoastal Waterway. Construction was completed in June 2002
The 7.5 mile public section connects the private road and bridge to Highway 59 south of Summerdale and north of Foley. It was built at a cost of $7.2 million.
A $2.00 toll is charged on the Foley Beach Express Bridge . Driving times on the Foley Beach Express are 15 to 30 minutes less than on Highway 59.
|
| Sponsor |
City of Foley , Alabama
|
| Cost |
$44 million |
| Type of Finance |
$36 million overall private bond issue -- taxable, toll revenue bonds
|
| Revenue Sources |
Tolls, with additional grants from the Federal Highway Administration and the City of Foley |
| Project Delivery / Contract Method |
The bridge was built using a design-build procurement awarded to McInnis Corporation of Mongomery , Alabama . The private highway contractor was a joint venture of J.S. Walton Construction and Mobile Asphalt, Co, both of Mobile, Alabama
|
| Private Partners |
Baldwin County Bridge Company
|
| Project Advisors |
Helmsing, Leach, Herlong, Newman and Rouse |
| Lenders |
HSH NORBANK - GERMANY |
| Physical Status |
Opened 6/2000
|
| Financial Status |
Closed
|
| Innovations |
NA
|
| Related Links / Articles |
Baldwin County Foley Beach Express homepage
Coverage in ETTM On The Web
Sites hosted by the Baldwin County Bridge Company, LLC. -
http://www.foleybeachexpress.com/gen.html
http://www.foleybeachexpress.com/news.html |
| Contacts |
Baldwin County Bridge Company, LLC
Tim James / John McInnis, partners
Tel. (334) 264-3474
Brendan Duval
Macquarie Corportate Finance (USA) Inc.
600 Fifth Avenue
20th floor
New York NY 10020
Ph. 1-212-548-6535
Brendan.Duval@macquarie.com |
