|Project Borrower / Sponsor||
Florida Department of Transportation (FDOT)
The I-4 Connector is an elevated north-south toll road that connects I-4 with the Selmon Expressway, two major east-west corridors in the Tampa region. The new roadway crosses several urban streets, State Road 60, and CSX railroad tracks, and include interchanges with I-4 and the Selmon Expressway. The Connector has exclusive truck lanes that provides direct access to the Port of Tampa and removes commercial traffic from local roads in Ybor City. The toll road uses an all-electronic toll (AET) system.
Federal funds - $203 million
ARRA grant - $105 million ($18.2 million for pre-construction support)
State funds - $10 million
Toll revenue bonds - $80 million
Local/toll funds - $22.7 million
|Project Delivery / Contract Method||
PCL/Archer Western - Joint venture of PCL Civil Constructors Inc. and Archer Western Contractors
|Project Advisors / Consultants||
Atkins - Project engineer
Goldman Sachs - Financial advisor
Arup - Technical advisor
Latham & Watkins - Legal advisor to lenders
Foley & Lardner - Legal advisor to JV
|Duration / Status||
Contract was awarded to the PCL/Archer Western on October 30, 2009.
Construction began March 1, 2010.
Open to traffic on January 6, 2014.
Project completion October 2014.
Financial close on December 22, 2009. The final payment for the contract is scheduled for April 2017. The private partner's short-term financing is combination of commercial bank debt and equity.
|Related Links / Articles|
Adam Perez, PE