- Briefing Room
35Express - Dallas, Texas
The 35Express project includes nearly 30 miles of improvements to heavily congested I-35E between US 380 in Denton and I-635 in the northwest corner of Dallas. The $1.4 billion Phase 1 of $4.8 billion in planned improvements will add new general purpose lane capacity, two reversible tolled managed lanes (express lanes), continuous frontage roads, and various interchange and bridge improvements along much of the corridor. Financing includes a mix of federal funds, regional toll revenues, and a $285 million TIFIA loan.
95 Express - Miami, Florida
The 95 Express provides two express lanes in each direction and additional general purpose lane capacity along 21 miles of I-95 from I-395 in Miami to Broward Boulevard near I-595 in Fort Lauderdale, Florida. Phase 1 opened in 2008 and 2010 and was delivered as a design-build-finance project under a federal Urban Partnership Agreement. Opened in October 2016, Phase 2 was delivered as a design-build project. A 29-mile Phase 3 extension north to Palm Beach County is under construction in segments through 2023.
183A Toll - Austin, Texas
183-A Turnpike is an 11.6-mile controlled access north-south tolled highway east of the existing U.S. 183 in metropolitan Austin. The toll road was developed by the state's first Regional Mobility Authority - Central Texas Regional Mobility Authority - which was legislatively authorized in 2001 to form at the county level if a regional toll authority did not already exist to construct, operate, and maintain toll roads. CTRMA opened a northern 5-mile extension of 183-A Turnpike in April 2012, fully funded from the sale of toll revenue bonds.
Airport MAX Red Line - Portland, Oregon
The Airport MAX is a 5.5-mile light rail extension to Portland's existing Red Line, connecting Downtown Portland to the Portland International Airport (PDX). As part of a public-private partnership, Bechtel Enterprises funded $28.2 million (23 percent) of the extension's $125.8 million project costs, delivered the extension under a design-build contract, and received an 85-year, rent-free lease to develop the 120-acre mixed-use commercial site near the airport. In addition, the City of Portland funded its portion of project costs (19 percent) by using a form of Tax Increment Financing (TIF).
Alaskan Way Viaduct - Seattle, Washington
The Alaskan Way Viaduct is an elevated section of State Highway SR 99, one of two major North-South corridors in the City of Seattle. Its reconstruction comprises two sections of replacement, one with a new viaduct section and another with a bored tunnel, as well as repairs and enhancements to a third viaduct section. This major project's financial plan includes Federal, state, and local funding, including revenue from increases in Washington State's motor fuel tax as well as toll proceeds.
Anton Anderson Memorial Tunnel - Porter-Whittier, Alaska
The privately operated, 2.6-mile, dual mode Anton Anderson Memorial Tunnel (aka Whittier Tunnel) connects the cities of Porter and Whittier on Prince William Sound, 65 miles southeast of Anchorage, Alaska. The project was Alaska's first design-build and was funded on a pay-as-you-go basis. Alaska's transportation agency has outsourced operation of the tunnel to a third-party operator.
Border West Expressway - El Paso, Texas
The Border West Expressway project, west of downtown El Paso and south of I-10, will close the Loop 375 gap that currently exists along the border with Mexico and create an alternate high-speed route to I-10. The four-lane, partially tolled highway is being fully financed with state funds and includes a 15-year maintenance contract with the project's design-build developer.
C-470 Express Lanes - Denver Metro Area, Colorado
The C-470 Express Lanes project in the Denver metro area provides 12.5 miles of new express toll lane capacity and other improvements along the southern portion of C-470 from its eastern end at I-25 to Wadsworth Boulevard. The project will improve mobility, safety, and infrastructure condition with single and dual Express Lanes, reconstruction of the general purpose lanes, bridge widening and replacement, and other geometric and operational enhancements. The design-build project is funded with toll-backed revenue bond proceeds, a TIFIA loan, and state funds.
Central Texas Turnpike System - Austin, Texas
The Central Texas Turnpike System, now simply referred to as Austin Area Toll Roads, consists of three contiguous toll highways serving the Austin metropolitan region and the Austin-San Antonio corridor: SH 45 North, Loop 1, and SH 130 (Segments 1-4). State and local funding sources were combined with a Federal TIFIA loan to finance the project. SH 130 (Segments 1-4) was delivered via a design-build contract procured through Texas' first application of legislation permitting expanded private sector involvement.
Chicago O'Hare International Airport Consolidated Rental Car Facility and Airport Transit System Extension - Chicago, Illinois
This project is a multimodal transportation center consisting of a Consolidated Rental Car Facility (CONRAC) with an associated Quick Turn Around facility, an extension to the Airport Transit System (ATS), including the purchase of new ATS vehicles, and a public parking component. The CONRAC will serve as a major access point for O'Hare International Airport and will accommodate rental cars, public parking, bus services, off-airport hotel shuttles, and other commercial shuttles with connectivity to the adjacent O'Hare Metra Rail station and the Chicago Transit Authority O'Hare Blue Line station through use of the ATS.
Cooper River Bridge Replacement - Charleston, South Carolina
The Cooper River Bridge Replacement project replaced two functionally obsolete bridges - the Grace Memorial and Pearman Bridges - along US 17 over the Cooper River, connecting the cities of Charleston and Mount Pleasant, South Carolina. Financing for the new Arthur Ravenel Jr. Bridge relied on the state's infrastructure bank, which provided a grant and loan backed by TIFIA.
Crenshaw/LAX Transit Corridor Project - Los Angeles, California
The Crenshaw/LAX Transit Corridor Project is a new 8.5-mile light rail transit line extending from the existing Metro Expo Line south to Aviation/LAX Station along the Metro Green Line, including eight transit stations (with off-street parking), the procurement of up to 28 light rail vehicles, and the construction of a full service maintenance facility. The project is supported by a TIFIA loan backed by local sales tax revenue, as well as other state funds, including those from general obligation bonds, and additional local sales tax revenue.
Dallas Area Rapid Transit Project Orange Line Extension (Irving-3) - Dallas, Texas
The DART Orange Line is a light rail transit line connecting downtown Dallas with the City of Irving and Dallas/Fort Worth (DFW) International Airport northwest of Dallas. The 14.5-mile, $1.3 billion project opened in three sections. A TIFIA loan helped finance construction on the project's $397 million third phase (Irving-3).
Denver Union Station - Denver, Colorado
The Denver Union Station project is a public-private development venture located on approximately 50 acres in lower downtown Denver. Redevelopment of the site as an intermodal transit district surrounded by transit-oriented development includes light and commuter rail stations, a regional bus facility, new transit service, and pedestrian improvements. The project is sponsored by a public benefit corporation formed by the City of Denver and its elements have been transferred to the Regional Transportation District as they were completed. The project achieved substantial completion in February 2014. Financing included TIFIA and RRIF loans, federal grants and stimulus funding, and state, regional, and local contributions.
Dulles Corridor Metrorail Project - Northern Virginia
The Dulles Corridor Metrorail Project (Silver Line) is a 23-mile extension of the existing Metrorail system from the Orange Line's East Falls Church Station in Arlington to Route 772 in Loudoun County, including 11 new stations. The extension serves Tysons Corner, Virginia's largest employment center, and the Reston/Herndon area, the region's second largest employment concentration. It also will provide a one-seat ride from Washington Dulles International Airport to downtown Washington, DC. The project is being financed with an FTA New Starts grant, three TIFIA loans as well as other state, county, and airport revenues.
E-470 Tollway - Denver, Colorado
The E-470 is a 47-mile orbital toll road running along the eastern perimeter of the Denver metropolitan region. The tollway was financed entirely by private enterprise and the E-470 Public Highway Authority using an innovative mix of revenue sources including: tolls, vehicle registration fees, a highway expansion impact fee, and private sector contributions ranging from office space, to right-of-way, property assessments, and monetary donations.
Eastbound George V. Voinovich Bridge - Cleveland, Ohio
The George V. Voinovich Bridge replaced the 60-year old Innerbelt Bridge carrying I-90 over Cuyahoga River into and out of the City of Cleveland. The eastbound span was delivered as a $293 million design-build-finance project paid for with traditional federal and state funds. The westbound span was delivered as a design-build project. Each new bridge carries five lanes of traffic increasing capacity by 25 percent.
Foothill/Eastern and San Joaquin Hills Toll Roads - Orange County, California
The Foothill/Eastern and San Joaquin Hills Toll Roads comprise 51 total miles across four public toll roads providing congestion relief and connectivity within Orange County, California. Development impact fees levied on developers of residential and commercial properties are used to supplement toll revenues for debt service payments.
Gerald Desmond Bridge Replacement Project - Long Beach, California
The Gerald Desmond Bridge Replacement Project is the replacement of the existing bridge, a major access point to the Port of Long Beach, downtown Long Beach, and surrounding communities in the Los Angeles region. The replacement bridge will be a six-lane, cable-stayed structure with a bicycle/pedestrian path, and a 205-foot clearance to accommodate the newest generation of cargo ships accessing the Port. The project is being delivered on a design-build basis and is financed through Port of Long Beach funds, federal, state and local contributions, and a TIFIA loan.
Gilcrease Expressway West - Tulsa, Oklahoma
The Gilcrease Expressway West is a future five-mile, four-lane toll highway extending north from the junction of I-44 and I-244 in West Tulsa to US 412 in Tulsa. The expressway will complete a western loop around the Tulsa metro area and will include two bridges over the Arkansas River. The estimated $340 million project is being procured under an innovative build-finance arrangement, where the private partner is expected to provide up to $100 million in short-term financing, potentially to be replaced by a TIFIA loan. GARVEE bonds and state and local resources will cover the balance of the cost.
Governor Mario M. Cuomo Bridge (Tappan Zee Bridge Replacement) - Westchester to Rockland Counties, New York
The "Governor Mario M. Cuomo Bridge" will replace the Tappan Zee Bridge spanning the Hudson River between Westchester and Rockland Counties 20 miles north of New York City. The new bridge is a tolled, eight-lane, dual-span twin bridge, being constructed alongside the current bridge to provide the least traffic disruption to users. The project is being delivered under a design-build contract and is financed with a combination of bonds and a TIFIA loan. The project is expected to be completed in 2018.
Grand Parkway (SH 99) Segments D-G - Houston Metropolitan Area, Texas
Grand Parkway (SH 99) Segments D-G is a four lane, 53-mile segment of the planned 180-mile circumferential Grand Parkway toll highway around the Greater Houston Metropolitan Region. This portion includes five segments, situated along the northwest portion of the parkway alignment from just south of I-10 to I-69/US 59N (Eastex Freeway). Project financing includes a TIFIA loan and toll revenue bonds.
Grand Parkway (SH 99) Segments H-I - Houston Metropolitan Area, Texas
The Grand Parkway (State Highway 99) Segments H & I Project is a 43-mile segment of the planned 184-mile circumferential Grand Parkway toll highway around the Greater Houston Metropolitan Region. The project completes the northeast quadrant of the Grand Parkway from I-69/US 59 North in Montgomery County to SH 146 in Harris County. The $1.8 billion project is being delivered through a design-build contract and is financed by the Grand Parkway Transportation Corporation using toll revenue bonds and a TIFIA loan.
Hiawatha Light Rail Transit (METRO Blue Line) - Minneapolis/St. Paul, Minnesota
The 12-mile, 17-station METRO Hiawatha Line (now known as the Blue Line) links downtown Minneapolis and the Target Field Station with Minneapolis-St. Paul International Airport and the Mall of America. The project utilized two separate design-build contracts: one for light rail vehicles and one to place rail and signal and communication equipment along the alignment. Due to high risk levels, tunnels and stations bored below the airport were procured using the traditional design-bid-build model.
Hudson-Bergen Light Rail - Hudson/Bergen Counties, New Jersey
The Hudson-Bergen Light Rail is a light rail transit system encompassing 24 stations. It runs north-south on the Hudson River waterfront in Hudson County, New Jersey for 20.6 miles. A $1.0 billion, 9.5-mile initial operating segment was procured using a 15-year DBOM contract, resulting in significant time savings compared to a traditional multiple design-bid-build approach. The contract was later renegotiated to cover Segments II ($1.2 billion) and III ($100 million) that extended the rail another seven miles, adding eight stations.
I-4 / Selmon Expressway Connector - Tampa, Florida
The I-4 Connector is an elevated north-south toll road that connects I-4 with the Selmon Expressway, two major east-west corridors in the Tampa region. The Connector has exclusive truck lanes to provide direct access to the Port of Tampa and remove commercial traffic from local roads in Ybor City. The $403 million project was delivered using a design-build-finance approach.
I-15 Corridor Reconstruction Project - Salt Lake City, Utah
The Interstate 15 reconstruction was the Utah Department of Transportation's first design-build procurement. The project involved the reconstruction of 16.2 miles of interstate mainline and the addition of new general purpose and high-occupancy-vehicle (HOV) lanes through the Salt Lake City metropolitan area.
I-15 Express Lanes Project - Riverside County, California
The I-15 Express Lanes project will provide two new tolled express lanes and other improvements along 14.6 miles of I-15 in Riverside County, California. The project will address projected increases in congestion and improve travel time reliability. The design-build project is funded with a TIFIA loan, Measure A sales tax bond proceeds and revenue, CMAQ funds, and interest income.
I-75 Modernization Project Segment 3 - Detroit Metropolitan Region, Michigan
Segment 3 of the Michigan Department of Transportation's I-75 Modernization Project will complete the reconstruction and widening of I-75 in Metro Detroit from M-102 (8 Mile Road) in Hazel Park to south of M-59 in Auburn Hills. Segment 3 is the southernmost 5.5-mile segment extending to 13 Mile Road in Madison Heights. A 30-year design-build-finance-maintain availability payment concession accelerates the original completion date of Segment 3 by 12 years. The concessionaire's financing relies predominantly on private activity bonds.
I-75 Roadway Expansion (iROX) - Collier and Lee Counties, Florida
iROX was a design-build-finance project that resurfaced and widened 30 miles of I-75 through Collier and Lee counties in Florida and included one interchange reconstruction. The $458 million project used a combination of federal, state, and local funds and was delivered one year ahead of schedule.
I-285/SR 400 Interchange Reconstruction - Fulton and DeKalb Counties, Georgia
The I-285/SR 400 Interchange Reconstruction project will rebuild the I-285/SR 400 Interchange and make improvements along 10 miles of I-285 and SR 400 roughly 13 miles north of Atlanta. The improvements will be made to an interchange that handles over 400,000 vehicles daily while maintaining all travel lanes and movements in the peak period. The state will provide a design-build-finance partner with funds to cover roughly one-quarter of the project cost upfront. The private partner will finance the remaining project cost and will be repaid by the state following project completion.
I-395/SR 83611/I-95 Interchange Project - Miami, Florida
The I-395/SR 83611/I-95 project consists of three reconstruction projects at the interchange of I-395, SR 836, and I-95 (Midtown Interchange) in downtown Miami. The project will reduce congestion by adding capacity, improves safety by alleviating existing operational and geometric deficiencies and eliminating left-hand entrance/exit ramps, improve local access to and from I-395, and reduce evacuation time from Miami Beach. The project is being delivered under an $802 million design-build-finance contract over five years.
I-405 Improvement Project - Orange County, California
The I-405 Improvement Project will add one new general purpose lane, one new express lane, and convert the existing HOV lane to express lane operation in each direction along 16 miles of I-405 in Orange County, CA between SR-73 and I-605. The design-build project is funded by a TIFIA Loan, Measure M2 sales tax bond proceeds and revenue, and state and federal grants.
I-485 Charlotte Outer Loop - Charlotte, North Carolina
The I-485 Charlotte Outer Loop constructed a new 5.7-mile, eight-lane section of Interstate from west of NC 115 (Old Statesville Rd.) to west of I-85 north of Charlotte, North Carolina. This is the last segment of the I-485 Outer Loop around Charlotte, linking I-77 to I-85. The project is financed with GARVEE bonds, State Transportation Trust Fund disbursements, and contractor financing to be repaid by future General Assembly appropriations.
Intercounty Connector - Maryland
The 18-mile, 6-lane Intercounty Connector (ICC) is a toll highway in Maryland connecting I-270 in Gaithersburg and US 1 in Laurel. The road links existing and proposed development areas between the I-270/I-370 and I-95/US 1 corridors within central and eastern Montgomery County and northwestern Prince George's County, north of Washington, DC. The project is largely supported by GARVEE and toll revenue bonds, as well as a TIFIA loan and State Transportation Trust Fund and General Fund revenues.
Interlink (formerly Warwick Intermodal Station) - Warwick, Rhode Island
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 project consisted of construction of a new commuter rail station with an enclosed walkway connection to the airport and a consolidated rental car center and parking garage.
Iway (I-195 Relocation Project) - Providence, Rhode Island
Iway is composed of 16 individual projects that relocated a 45-year-old 1.6-mile stretch of I-195 and an adjacent 0.8-mile portion of I-95 through Providence, Rhode Island. This $610 million project was financed through GARVEE and motor fuel tax revenue bonds and has won national acclaim for its project management and bridge design and construction. Twenty newly-recovered acres of prime downtown real estate is currently being redeveloped.
KentuckyWired - Kentucky (statewide)
KentuckyWired is a 3,200-mile statewide network of major fiber optic cable to provide broadband internet connectivity. The network will be open access, allowing local public or private Internet service providers (ISPs), cities, partnerships, or other groups to connect to the network and extend services to local communities. The project is being delivered through a 30-year design, build, finance, operate, and maintain availability payment concession between the state and a private concessionaire.
Las Vegas Monorail - Las Vegas, Nevada
The Las Vegas Monorail was originally a joint venture between MGM Grand and Bally's Hotel, creating a one-mile system linking the hotels in 1993. Plans for expansion further along the Strip led to the State of Nevada in 1997 passing legislation that enabled a private company to own, operate, and charge a fare as a public monorail system. It expanded the system to 3.9 miles in 2004.
Loop 202 South Mountain Freeway - Phoenix, Arizona
The Loop 202 freeway, also known as the South Mountain Freeway, is a 22-mile, 8-lane freeway that will complete the Loop 202 and Loop 101 freeway system in the southwestern quadrant of the Phoenix metropolitan area. The $1.8 billion project has been procured as a P3 where the selected design-build team will also maintain the roadway under a 30-year agreement once it opens in late 2019 or early 2020.
Louisiana TIMED Program - Louisiana (statewide)
The TIMED (Transportation Infrastructure Model for Economic Development) Program was a $5.2 billion transportation infrastructure program designed to increase economic development in Louisiana by investing in transportation improvement projects. The innovative capital program was financed by a 4-cent gas tax and expedited by a partnership with a private program manager.
Maryland I-95 Travel Plazas Redevelopment - Cecil County and Harford County, Maryland
In 2012, the Maryland Transportation Authority entered into a P3 long-term lease concession agreement with a private concessionaire, to redesign and rebuild two Maryland Travel Plazas along I-95 at a cost of $56 million, and then operate and maintain them over a 35-year lease term. The overall value to the State, including avoided capital, operations, and maintenance costs, as well as revenue sharing, is estimated to be $577 to $662 million in year-of-expenditure dollars.
MBTA Positive Train Control - Boston Metropolitan Region, Massachusetts
The Massachusetts Bay Transportation Authority is adding positive train control technology to its 400-mile commuter rail network in compliance with federal requirements. The project is financed with TIFIA and RRIF loans backed by state sales tax revenues.
Metro Region Freeway Lighting P3 (Michigan) - Detroit Tri-County Area
This innovative DBFOM availability payment P3 project bundles the replacement of approximately 15,000 freeway lights on five Interstate corridors in metropolitan Detroit with energy-efficient, LED lighting estimated to save Michigan taxpayers $1.5 million annually. The private partner will also operate and maintain the lighting systems, subject to performance standards, for 13-years.
Miami Intermodal Center - Florida
Located next to the Miami International Airport (MIA), the Miami Intermodal Center is a large ground transportation hub incorporating a Rental Car Center, the Miami Central Station serving local rail transit, commuter rail, Amtrak, and intercity bus transit, major roadway improvements, the MIA Mover and future joint development. Federal, state, and local funding supported this $2 billion program.
Mid-Coast Corridor - San Diego, California
The Mid-Coast Corridor project extends San Diego's existing light rail Blue Line 10.9 miles from the Old Town Transit Center in downtown San Diego to the University City area to the north. The nine-station extension will serve major activity centers including Old Town, the University of California, San Diego, and the Westfield UTC shopping center. The $2 billion project is funded 50 percent by a federal Full Funding Grant Agreement and 50 percent locally through TransNet, San Diego County's local option sales tax, which, among other financing, is supporting a $537.5 million TIFIA loan.
Midtown Express (SH 183 Managed Lanes) - Dallas-Fort Worth Metroplex
The Midtown Express, formerly the SH 183 Managed Lanes Project, will add tolled express lanes and reconstruct portions of State Highway 183, SH 114 and Loop 12 northwest of Dallas, Texas. The project is being delivered using an innovative public-private partnership structure that combines design-build with a short-term receivables (gap) financing and long-term operations and maintenance.
Missouri Safe and Sound Bridge Improvement Program - State of Missouri
There were 10,405 bridges on the Missouri Department of Transportation system with at least 1,093 in Condition 3 (serious) or Condition 4 (poor). The Missouri Safe and Sound Bridge Improvement Program has replaced or rehabilitated 802 of these bridges using both a modified design-bid-build and design-build approaches.
Monroe Expressway - Mecklenburg and Union Counties, North Carolina
The Monroe Expressway will be a new, 20-mile all-electronic toll road in Mecklenburg and Union Counties, North Carolina. The facility will provide a high-speed alternative to US 74 in the region. The $800 million, design-build project is supported through a variety of bond proceeds, including GARVEEs.
New Mexico SR-44 - Northwest New Mexico
US 550/NM SR 44 runs from I-25 in Bernalillo north and west to the New Mexico/Colorado state line. This project involved the widening from two to four lanes of a 118-mile section running northwest from San Ysidro to just outside of Bloomfield, near the Four Corners. New Mexico law did not allow for design-build procurement at the time NM 44 was widened. However, the New Mexico State Highway and Transportation Department was able to create many of the efficiencies of design-build through a professional services contract.
NoMa - Gallaudet U Metrorail Station - Washington, DC
The NoMa - Gallaudet U station, formerly known as the New York Avenue station, opened in 2004 as the Washington Metrorail's first infill station. The station was funded through a unique partnership between the District of Columbia, developers and property owners, community leaders, and WMATA. The private sector and local property owners funded $35 million (34 percent) of the $104 million project cost through land donations ($10 million) and the creation of a special assessment district ($25 million).
Northampton County Bridge Renewal Program - Northampton County, Pennsylvania
Northampton County in northeastern Pennsylvania has the distinction of being the one of the first local government entities in the United State to enter into P3 to undertake transportation improvements. The County is bunding the replacement and renovation of 33 bridges into a 14-year availability payment concession.
Northgate Link Extension - Seattle, Washington
The Northgate Link Extension expands Seattle's Sound Transit Link light rail system 4.3 miles north from the existing Capitol Hill and University of Washington Stations that opened in March 2016. The extension runs primarily underground through twin-bored tunnels and features three new stations. The extension is part of the regional mass transit system expansion (Sound Transit 2) approved by voters in 2008 and supported in large part by a dedicated local option sales tax. The project is the first to reach financial close under a TIFIA Master Credit Agreement under which USDOT may make a contingent commitment of future TIFIA credit assistance for a program of related projects secured by a common security pledge.
Northwest Corridor - Atlanta, Georgia
The Northwest Corridor project will include extensions of existing HOV lanes and the addition of reversible tolled managed lanes along sections of nearly 30 miles of I-75 and I-575 northwest of Atlanta. The nearly $850 million project is being delivered using a design-build-finance approach.
Oakland County Michigan Connected Autonomous Vehicle Network Pilot - Oakland County, Michigan
Oakland County, Michigan and the Road Commission for Oakland County are partnering with P3Mobility of Ann Arbor, Michigan to launch an 18-24 month pilot program to determine the viability of monetizing dedicated short-range communication (DSRC) connected vehicle infrastructure.
Ohio River Bridges Downtown Crossing - Louisville, Kentucky/Southern Indiana
The Ohio River Bridges Downtown Crossing project is one half of the bi-state Ohio River Bridges project, which also includes the East End Crossing project, that together are addressing cross-river capacity and mobility needs in the greater Louisville-Southern Indiana region. The project consists of the new Abraham Lincoln Bridge carrying northbound I-65 across the Ohio River between Louisville and Southern Indiana. In the background is the existing Kennedy Bridge that carries the southbound lanes. The Downtown Crossing project also includes the reconstruction of the Kennedy Interchange in downtown Louisville to eliminate design deficiencies and safety hazards. The project has been delivered an availability-pay design-build-finance-operate-maintain concession.
Ohio State University Parking Facility - Columbus, Ohio
In 2012, The Ohio State University (Ohio State) leased its Columbus campus parking facilities, and management of its daily parking operations, to a private concessionaire for 50 years as part of an innovative funding strategy. Over the lease term, CampusParc is responsible for the operation of Ohio State's parking system which comprises approximately 36,600 spaces across the Columbus campus. Ohio State estimates the 50-year value generation to be $3.1 billion. The endowment distributions are being used for student scholarships, hiring new tenure-track faculty, and support for capital projects in the Arts District. Funding has also gone to supporting the Campus Area Bus Service and other initiatives that provide sustainable transportation options.
Orchard Pond Parkway - Tallahassee, Florida
The Orchard Pond Parkway is a 5.2-mile privately constructed toll road north of Tallahassee, Florida. The road was developed by a private landowner as a means to preserve the surrounding region from suburban development, and it incorporates a number of features to protect wildlife and the natural environment. The Florida Department of Transportation has supported the project financially with a State Infrastructure Bank loan that covers 80 percent of the $17 million project cost. Leon County owns the road and is leasing it back to the developer for 99 years.
Osceola County Roadway and Bridge Bundling Program - Osceola County, Florida
This bridge at the John Young Parkway/Osceola Parkway interchange in Osceola County, Florida is one of 11 projects completed under the roadway/bridge bundling program funded by development impact fees and delivered using the construction manager/general contractor alternative project delivery method. In total, the program completed $350 million in projects in the late 2000s.
Parallel Thimble Shoal Tunnel - Hampton Roads to Eastern Shore, Virginia
The Parallel Thimble Shoal Tunnel project entails the construction of a 5,700-foot bored tunnel, parallel to the existing tunnel and connecting two southbound trestles of the existing Chesapeake Bay Bridge and Tunnel, a 17.6 mile structure connecting the Norfolk/Virginia Beach areas to Virginia's eastern shore. The $1.1 billion, design-build project is financed with toll-backed revenue bonds, a TIFIA loan, a Virginia Transportation Infrastructure Bank loan, and monies from the facility operating agency's general fund.
Pennsylvania Rapid Bridge Replacement Project - Pennsylvania (statewide)
The Pennsylvania Rapid Bridge Replacement Project is replacing 558 structurally deficient bridges throughout the commonwealth over a three-year period. The private partner, Plenary Keystone Partners, will design, construct, and finance the project; and then maintain the bridges for 25 years. The project is financed with the largest transportation private activity bond issued to date in the U.S., together with PennDOT milestone payments and private partner equity.
Pocahontas Parkway / Richmond Airport Connector - Greater Richmond, Virginia
This $354 million project was financed by tax-exempt toll revenue bonds issues by a 63-20 corporation. It was the first transportation project implemented under Virginia's Public-Private Transportation Act of 1995. The Parkway was leased to a private toll road operator in 2007. The deal defeased its underlying debt and included the construction of the 1.6-mile Richmond Airport Connector, which opened in January 2011. The Parkway changed hands in 2015 and again in 2016 after the initial private operator first transferred ownership to its senior lenders in May 2014.
Poinciana Parkway - Osceola and Polk Counties, Florida
Originally planned for development by a private real estate firm in the 2000s, the Poinciana Parkway was ultimately developed under an agreement between Osceola and Polk Counties and the developer, who donated existing work on design, permitting, and right-of-way. The $141 million, 9.7-mile arterial and toll road improvement connects the Poinciana community 25 miles south of Orlando with a major state route and I-4 to provide better commuting access and congestion relief. In addition to the private developer contribution, the project is financed with toll revenue bonds, a State Infrastructure Bank loan, and county contributions.
Portland Streetcar - Portland, Oregon
The Portland Streetcar network is a 14.7-mile modern streetcar network in Downtown Portland, Oregon. Property owners along the proposed alignment agreed to establish a special property tax levy through the formation of a Local Improvement District (LID), funding approximately 13.9 percent ($34.9 million) of the $251.4 million project. In addition, Tax Increment Financing also contributed to 8.2 percent ($21.5 million) of total project costs.
Regional Connector Transit Corridor Project - Los Angeles, California
The Regional Connector Transit Corridor Project is a 1.9-mile underground light rail connection between the Little Tokyo/Arts District Station to the 7th Street/Metro Center Station in downtown Los Angeles, California. The Regional Connector extends from the Metro Gold Line and will allow passengers to transfer to the Metro Blue, Exposition, Red, and Purple Lines, bypassing Union Station, while providing one-seat ride for travel across Los Angeles County. The project will be delivered as a design-build project. It will be financed through federal, state, and local sources, including a TIFIA loan and an FTA New Starts Full Funding Grant Agreement.
Reno Transportation Rail Access Corridor (ReTRAC) - Reno, Nevada
Traffic congestion and safety concerns brought about the largest public works project ever undertaken in Northern Nevada, the Reno Transportation Rail Access Corridor, or ReTRAC. The project depressed a 2.3-mile stretch of freight rail that ran through downtown, eliminating 10 at-grade street crossings.
Rock Creek Development Park Access Road - Boone County, West Virginia
The Rock Creek Park Development Access Road is a 2.6-mile four-lane connecting highway beginning at US Route 119 near WV 3 outside Danville in Boone County, southwest West Virginia. The road will provide access to the future 12,000-acre Rock Creek Development Park on the site of the former Hobet Mine property. The project is financed with federal funds, about 61 percent of which are GARVEEs.
Route 3 North - Northern Metropolitan Boston, Massachusetts
Financed using tax-exempt 63-20 debt and leveraging lease payments pledged by the Massachusetts Highway Department, the Route 3 North project involved widening an existing 21-mile highway northwest of Boston from two to three lanes in each direction. The project included the creation of a 30-foot median to accommodate fiber optic line and other utilities, and the replacement of 40 bridges.
Route 28 Corridor Improvements - Northern Virginia
In 1987, property owners in Fairfax and Loudon Counties agreed to establish an additional property tax through the creation of a special assessment. Revenue has been dedicated to major highway improvements along the Route 28 corridor, including widenings and interchange reconstruction.
Sound Transit Operations and Maintenance Facility East - Bellevue, Washington
The Operations and Maintenance Satellite Facility East (OMF East) will be developed in Bellevue, Washington to maintain, store, and deploy light rail vehicles on an extension of Sound Transit's light rail system serving East Link, Northgate, Lynnwood, and Federal Way. The project is the second to reach financial close under a TIFIA Master Credit Agreement and is financed with local sales tax revenue, bond proceeds, and grant proceeds.
South Carolina 27 in 7 - South Carolina
This statewide effort from 1999 to 2008 accelerated the implementation of 200 highway improvement projects worth over $5.0 billion from 27 to 7 years. The South Carolina DOT entered into partnerships with two private construction and resource management firms to undertake strategic planning and financial management and coordinate design and construction activities, all without augmenting the size of the state agency.
South Lake Union Streetcar - Seattle, Washington
The South Lake Union Streetcar project is a 2.6-mile modern streetcar connecting the South Lake Union area to Downtown Seattle, Washington. Forming the centerpiece of an innovative funding package, local businesses and property owners along the proposed alignment agreed to establish a special property tax levy through the formation of a Local Improvement District (LID), funding approximately 47 percent ($25 million) of the $53.5 million project.
SR 91 Corridor Improvement Project - Riverside County, California
The SR 91 Corridor Improvement Project is an eight-mile extension of the Orange County SR 91 Express Lanes east into Riverside County through conversion of existing HOV lanes. Two general purpose lanes will also be added, along with improvements made to interchanges and bridges. The project is supported by a TIFIA loan and is almost exclusively paid for with local funding through a combination of toll revenue and voter-approved county-level sales tax proceeds.
Southern Connector - South Carolina
The Southern Connector is a 16-mile toll road connecting I-85 to I-395 in Greenville, South Carolina. The project is a DBFOM P3 developed by Connector 2000 Association Inc., a 63-20 non-profit corporation that holds a 50-year license with the state and issued tax-exempt toll revenue bonds to finance the project.
SR 520 Bridge Replacement and HOV Program - Seattle, Washington Metropolitan Area
SR 520 is one of two major east-west roadways crossing Lake Washington, located within King County and the Seattle metropolitan area in the State of Washington. The SR 520 Bridge Replacement and HOV Program includes the replacement of the existing floating bridge across Lake Washington, the widening of the roadway to the east and accommodation of a transit/HOV lane, and several projects to the west making improvements from I-5 on the Seattle side to the floating bridge's west approach. Project financing includes toll-backed revenue bonds and a TIFIA loan supported by tolls collected on the existing and replacement bridges, in combination with other federal and state funding.
SR 826/SR 836 Interchange Reconstruction - Miami, Florida
The SR 826/SR 836 Interchange Reconstruction project is the last component of a 20-year, 12-part series of improvements to SR 826 (Palmetto Expressway) - a vital north-south route west of Miami. This project involved the complete reconstruction of the interchange with the tolled SR 836 (Dolphin Expressway) near Miami International Airport, along with reconstruction and modification to nearby frontage roads, ramps, and connecting local streets. Florida DOT paid for the nearly $600 million project with federal funds, Recovery Act stimulus funding, and revenue from the Miami-Dade Expressway Authority, which operates SR 836. The department used a design-build-finance arrangement with a contractor joint venture team delivering the project.
State Street Redevelopment Project - West Lafayette, Indiana
The City of West Lafayette, Indiana and Purdue University are jointly delivering the State Street Redevelopment Project to provide aesthetic and functional improvements to gateways into West Lafayette and Purdue University. The project improves the streetscape, provides pedestrian amenities to enhance community and campus resident cohesiveness, and expands transportation infrastructure to accommodate planned and future growth of West Lafayette and the University. The project is being delivered through an innovative design-build-finance-maintain availability payment P3 backed by tax increment finance district revenue.
Tren Urbano - San Juan, Puerto Rico
The Tren Urbano is a 10.7-mile, fully automated rapid transit that serves the metropolitan area of San Juan, which includes the municipalities of San Juan, Bayamón, and Guaynabo. The Tren Urbano consists of 16 stations along a single line, a vehicle maintenance and storage facility, rolling stock, and other supporting infrastructure.
Triangle Expressway - Raleigh-Durham, North Carolina
The 18.8-mile Triangle Expressway, composed of three sections, provides congestion relief on existing north-south routes serving the Research Triangle Park region (including I-40) between Raleigh and Durham. Project financing included toll and state revenue bonds and a $387 million TIFIA loan.
US 36 Express Lanes (Phase 1) - Denver Metro Area, Colorado
The US 36 Express Lanes Phase 1 is an initial 10-mile phase of improvements, including one HOT lane in each direction, along 15 miles of roadway between Denver and Boulder, Colorado. This $312 million first phase opened in July 2015 under a design-build contract. A second phase, which opened in January 2016, completes the improvements. The full corridor is operated and maintained by a private partner that developed Phase 2.
US 181 Harbor Bridge - Corpus Christi, Texas
The new US 181 Harbor Bridge will replace the existing Corpus Christi Harbor Bridge connecting downtown Corpus Christi to Rincon Point (North Beach) across the Corpus Christi Ship Channel. The replacement bridge will be on a new location alignment approximately 1,200 feet to the west and permit larger (post-Panamax) ships to pass beneath. A design-build contract with a 25-year maintenance (O&M) agreement is being used to deliver the $1 billion project using a combination of federal, state, and local funds raised from Transportation Reinvestment Zones (TRZ), a form of tax increment financing.
US 183 South / Bergstrom Expressway - Austin, Texas
The US 183 South / Bergstrom Expressway project will be an 8-mile highway and express toll facility in Austin, Texas, connecting US 290 and SH 71. The project consists of six tolled main lanes in the median of US 183 and four to six upgraded general purpose lanes. The $860 million project will provide a reliable north-south alternative to congested I-35 and direct access to Austin's airport. The project is financed with a combination of toll-backed bonds, loans and grants from TxDOT, and a TIFIA loan.
Veterans Memorial Bridge Replacement - Portland, Maine
The existing Veterans Memorial Bridge was built in 1954 to connect Portland's West End to South Portland over the Fore River. The new bridge, which includes a bicycle/pedestrian pathway as well as green spaces, opened in July 2012 and is designed to last 100 years. MaineDOT financed the project in part with GARVEE bonds sold as taxable Build America Bonds and tax exempt revenue bonds by the Maine Municipal Bond Bank in November 2010.
Westside Purple Line Extension, Section 1 - Los Angeles, California
The Westside Purple Line Extension comprises a three-phase, 8.9 mile extension of the LA Metro's existing Purple Line subway from its current terminus at Wilshire/Western Station to a new western terminus in West Los Angeles near the VA Hospital in Westwood. Section 1 will extend the Purple Line 3.9 miles from Wilshire/Western to Wilshire/La Cienega and includes three stations, procurement of 34 new heavy rail vehicles, and improvements to the existing Division 20 Rail Maintenance and Storage Yard. Section 1 has been procured through a design-build contract, and is financed with federal, state, and local sources, including a TIFIA loan and an FTA New Starts Full Funding Grant Agreement.
Westside Purple Line Extension, Section 2 - Los Angeles, California
The Westside Purple Line Extension involves a three-phase, 8.9-mile extension of the LA Metro's existing Purple Line subway from its current terminus at Wilshire/Western Station to a new western terminus in West Los Angeles near the VA Hospital in Westwood. Section 2 will extend the Purple Line 2.6 miles from the planned Section 1 terminus at Wilshire/La Cienega and continue to Century City, with stations at Wilshire/Rodeo and Century City Constellation. The project includes procurement of 20 new heavy rail vehicles. As with Section 1, Section 2 is being procured through a design-build contract, and is financed with federal, state, and local sources, including a TIFIA loan and an FTA New Starts Full Funding Grant Agreement.
Public agencies are using a wide array of methods to deliver transportation improvements for both new and existing facilities. Although less extensive than long-term P3 concession agreements, these contractual arrangements also allow for greater private participation by transferring varying amounts of risk and responsibility from public project sponsors to private sector engineers, contractors and investors. This section of the Center for Innovative Finance Support website identifies several of the procurement models and institutional structures currently in use. The Center for Innovative Finance Support encourages States to consider the use of alternative delivery methods to expedite project implementation, streamline costs, and improve outcomes.