Long Beach, California
|Project Sponsor / Borrower||
Port of Long Beach
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.
(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-builder - SFI (Shimmick Construction Company, Inc., FCC Construction SA, Impreglio S.p.A. joint venture)
|Project Advisors / Consultants||
To the Borrower
To USDOT TIFIA JPO
|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.
TIFIA credit agreement was executed with the Harbor Department of the City of Long Beach, CA.
Financial close occurred on May 21, 2014.
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