Baldwin County, Alabama
|Project Sponsor / Borrower||
City of Foley, Alabama
Highway / Toll Bridge
The Foley Beach Express (Beach Express) is a 13.5-mile limited access four-lane route from the City of Foley to Orange Beach, Gulf Shores, and Perdido Key in Alabama. It is in alternative to the heavily traveled Highway 59.
The project was originally built in two sections: the 7.5-mile, toll-free Foley Bypass constructed with federal funds and a 1-mile bridge over the Intracoastal Waterway and 5-mile approach road designed, built, and financed by the Baldwin County Bridge Company (BCBC). The approach road was deeded to Baldwin County which maintained and operated it toll-free. The bridge was tolled and operated by BCBC.
In December 2005, the Foley Beach Express was sold to Macquarie Infrastructure Group and incorporated into its American Roads, LLC portfolio, which included three other Alabama toll roads and the Detroit Windsor Tunnel. In early 2007 the American Roads company and the Beach Express were sold to Alinda Capital Partners, LLC. American Roads filed for bankruptcy in 2013 and one of its creditors, Syncora Guarantee, Inc. assumed ownership of the facility.
$36 million private (taxable) toll revenue bond issue
|Project Delivery / Contract Method||
Toll bridge was built using a design-build procurement awarded to McInnis Corporation of Montgomery, Alabama. The private highway contractor was a joint venture of J.S. Walton Construction and Mobile Asphalt, Co., both of Mobile, Alabama.
Original DBFO partner - Baldwin County Bridge
Current owner - Syncora Guarantee, Inc.
|Project Advisors / Consultants||
Helmsing, Leach, Herlong, Newman and Rouse
HSH Nordbank AG (Germany)
|Duration / Status||
Opened June 2000
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