|Project Sponsor / Borrower||
Florida Department of Transportation (FDOT)
Miami-Dade Expressway Authority (MDX)
Highway / Toll Highway
This interchange reconstruction project, where the north-south State Route (SR) 826 (Palmetto Expressway) intersects the tolled east-west SR 836 (Dolphin Expressway) at the southwest corner of Miami International Airport, is the last component of the 12-part Palmetto Expressway Improvement Program. This program, which began construction in the mid-1990s, consisted of widening, bridge replacement, and geometric improvements along the existing 16-mile corridor extending from SR 5/US 1 in south Miami-Dade County to just north of NW 154 Street in northern Miami-Dade County. Each of the interchanges along the corridor was improved to enhance safety and traffic flow.
The SR 826/SR 836 interchange handles over 430,000 vehicles daily and required reconstruction to enhance safety and reduce congestion. Major project components included:
Total project cost - $832.9 million (preliminary engineering, environmental, right-of-way, construction, rail, utilities, construction engineering inspection)
Design-build-finance contract cost - $567.5 million (includes contractor financing costs and supplemental agreements)
Federal funds - $376.0 million
Recovery Act stimulus funding - $89.2 million
State funds (state motor fuels tax, vehicle license fee, right-of-way bonds, and documentary stamp collections) - $118.5 million
MDX funds (toll revenue bond proceeds) - $241.2 million
Miami-Dade County Water and Sewer Department Joint Participation Agreement - $8.1 million
|Project Delivery / Contract Method||
Community Asphalt Corporation / Condotte America, Inc. / The de Moya Group, Inc. - Design-Build Joint Venture
|Project Advisors / Consultants||
BCC Engineering, Inc. / Stantec / Finley Engineering Group - Project design
AIM Engineering & Surveying, Inc. - Construction management and inspection
|Duration / Status||
Construction began November 30, 2009 and was completed September 27, 2016.
Closed. The Contractor was paid according to a pre-determined Cash Availability Schedule and actual work completed. The payment schedule was fixed and made known to all bidders during the procurement process. FDOT reviewed bidders' financial proposals to confirm their capacity to cover any funding gaps during construction with private equity or financing. A letter of commitment was submitted by the selected bidder. The final payment was made on March 2, 2017.
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