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Project Profile: Gerald Desmond Bridge Replacement

Gerald Desmond Bridge Replacement Project - Long Beach, California

photo credit: Caltrans

Location

Long Beach, California

Project Sponsor / Borrower

Port of Long Beach

Program Areas

Alternative Project DeliveryProject FinanceValue CaptureTIFIA

Mode

Highway Bridge

Description

The Gerald Desmond Bridge is a major access point to the Port of Long Beach from downtown Long Beach and surrounding communities, carrying I-710 over the Port's Inner Harbor to Terminal Island. The replacement bridge will be a six-lane, cable-stayed structure, with a 205-foot clearance to allow the newest generation of cargo ships to enter the Port. The bridge will include emergency lanes on the inner and outer shoulders, as well as a bicycle/pedestrian path. The new bridge is being built alongside the current bridge to maintain traffic flow. The current bridge will be demolished once the replacement is completed.

Cost

$1,467 billion

  • Preliminary engineering - $50.9 million
  • Construction - $778.7 million
  • Contract management - $145.0 million
  • Utilities and right-of-way costs - $277.5 million
  • Existing bridge demolition - $42.1 million
  • Program contingency and risk register - $172.9 million
Funding Sources

(Does not reflect updated costs above.)

TIFIA loan - $325 million

LA Metro - $17.3 million

Port of Long Beach - $117 million

State/Caltrans funds - $153.7 million

Federal funds - $675 million

Project Delivery / Contract Method

Design-build

Private Partner

Design-builder - SFI (Shimmick Construction Company, Inc., FCC Construction SA, Impreglio S.p.A. joint venture)

  • Arup North America Ltd. - lead design
  • Biggs Cordosa Associates Inc. - lead design
Project Advisors / Consultants

To the Borrower

  • Public Resources Advisory Group - Financial Advisor
  • Kutak Rock - Counsel to the Borrower
  • Additional Advisors

To USDOT TIFIA JPO

  • TIFIA Legal Advisor - Shearman & Sterling
  • TIFIA Financial Advisor - IMG Rebel
Lenders

USDOT TIFIA

Duration / Status

Construction began in 2013 and will reach substantial completion in late 2017 or early 2018.

TIFIA Credit Assistance

Direct Loan - $325 million

The TIFIA loan will be repaid with port revenues.

Financial Status

TIFIA credit agreement was executed with the Harbor Department of the City of Long Beach, CA.

Financial close occurred on May 21, 2014.

Innovations
  • Port of Long Beach and Caltrans jointly procured the project.
Related Links / Articles

New Gerald Desmond Bridge Project Website

Harbor Commission Budget Adjustment Legislation Text

Contacts

Judy Gish
Caltrans District 7 Office
(213) 897-3487

Lee Peterson
Port of Long Beach Communications & Community Relations
Tel: (562) 283-7715
lee.peterson@polb.com

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