photo credit: Lane-Security Paving Joint Venture
| Location | San Bernardino County, California |
|---|---|
| Project Sponsor / Borrower | San Bernardino County Transportation Authority |
| Program Area |
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| Value Capture Techniques | Sales Tax District |
| Mode | Highway / Express Lanes |
| Description | The San Bernardino County Transportation Authority (SBCTA) plans to implement 33 miles of express lanes along the I-10 corridor from the Los Angeles County line west to Ford Street in Redlands. The corridor achieved environmental clearance in July 2017, and with initial funding secured, SBCTA has entered into a design-build contract to deliver the first 10 miles (Contract 1) between Los Angeles County and I-15, through the Cities of Montclair and Ontario. The project will add two tolled express lanes in each direction. It will construct one new express lane and convert the existing HOV lane to express lane operation along approximately eight miles from the Los Angeles County line to Haven Avenue. The express lanes will remain available to HOV motorists toll-free, but the occupancy requirement for free travel will increase from HOV2+ to HOV3+. East of Haven Avenue, the project will add two new express lanes in each direction. The project also includes the reconstruction and/or modification of existing ramps at 10 interchanges, 26 structures including box culverts, new or reconstructed retaining and sound walls, and improvements to eight arterial streets. Pavements in the corridor will be rehabilitated through a cooperative agreement with Caltrans. Project funding includes a TIFIA loan from the USDOT Build America Bureau that leverages future toll revenues from the express lanes and a significant local contribution from San Bernardino County's Measure I local option sales tax. |
| Cost | $928.975 million - Total cost including program management, environmental review, project and construction management, right-of-way, design-build contract, plant establishment, financing, and reserves |
| Funding Sources | Federal funding - $261.0 million TIFIA loan - $225.0 million State funding - $286.5 million Measure I local option sales tax revenue - $134.7 million Other local funding - $21.8 million |
| Project Delivery / Contract Method | Design-build |
| Private Partner | Lane-Security Paving Joint Venture - Design-builder
TransCore - Toll Services Provider (design-build) |
| Project Advisors / Consultants | HNTB - Project and Construction Management To SBCTA
To USDOT Build America Bureau
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| Lenders | USDOT Build America Bureau (TIFIA) |
| TIFIA Credit Assistance | Direct Loan - Up to $225 million The TIFIA loan will be a Second Lien Obligation under SBCTA's Master Trust Indenture and will be secured by toll revenues from the project. The loan will be junior to Senior Lien Obligations. There are no outstanding or proposed Senior Lien Obligations currently. The TIFIA loan will be also be supported by Measure I Sales Tax funds which will be contributed either as a Cash Supplement (i.e. fixed amount contributed each month) or as a backstop whenever there is a shortfall. |
| Duration / Status | Design-build contract awarded August 2018. Pre-construction activities began spring 2019. Major construction to begin spring 2020. Anticipated construction completion in spring 2023. |
| Financial Status / Financial Performance | TIFIA credit agreement was executed on May 3, 2019. |
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| Contacts | Chad Costello |
