photo credit: Colorado Department of Transportation
| Location | Denver Metro Area, Colorado |
|---|---|
| Project Sponsor / Borrower | Colorado High Performance Transportation Enterprise (HPTE) |
| Program Areas |
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| Mode | Highway / Managed Lanes |
| Description | C-470 is a 26-mile, highway that runs along the southern and western flanks of the Denver metropolitan area, linking the intersection of I-25 and E-470 in the east, to the intersection of U.S. 36 and I-70 in the west. Along with E-470 and the Northwest Parkway, the route forms a partial circumferential highway around the Denver metro area. The C-470 Express Lanes project extends for nearly half the full highway, 12.5 miles from its eastern end at I-25 to Wadsworth Boulevard. It will improve mobility, safety, and infrastructure condition through addition of express toll lanes, reconstruction of the general purpose lanes, bridge widening and replacement, and other geometric and operational enhancements. The following elements are included:
The Express Lanes will provide additional capacity and greater reliability along this congested corridor, which is projected to experience a 40 percent increase in volume by 2035. HPTE expects the project to provide up to 18 minutes in travel time savings for westbound trips from I-25 to Wadsworth Boulevard during morning peak and evening commute times. All drivers who choose to use the Express Lanes will be required pay the dynamically variable toll; there will be no free HOV option. |
| Cost | $325.1 million (TIFIA eligible project costs) |
| Funding Sources | TIFIA Loan - $106.95 million Federal Highway Safety Improvement Program (HSIP) funding - $6.3 million Toll revenue bonds - $157.4 million State RAMP funding - $40.0 million State FASTER funding and other local funding - $12.0 million State water quality funding: $2.4 million |
| Project Delivery / Contract Method | Design build |
| Private Partner | Flatiron Construction Corp. and AECOM - Design-Build Joint Venture |
| Project Advisors / Consultants | To Colorado HPTE
To USDOT Build America Bureau
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| Lenders | Bondholders, USDOT TIFIA |
| Duration / Status | Construction began October 2016 and is estimated to be substantially complete in late 2019. |
| TIFIA Credit Assistance | Direct Loan - $106.95 million The TIFIA loan will be repaid through a pledge of the project's gross toll revenues. |
| Financial Status | The TIFIA Loan Agreement was executed on June 7, 2017 and is expected to mature in 2054. |
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| Related Links / Articles | |
| Contacts | Nicholas Farber |
