photo credit: Oklahoma Turnpike Authority
| Location | Tulsa, Oklahoma |
|---|---|
| Project Sponsor / Borrower | Oklahoma Turnpike Authority |
| Program Areas |
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| Mode | Toll Highway |
| Description | The Gilcrease Expressway West is a future five-mile, four-lane toll highway extending north from the junction of I-44 and I-244 in West Tulsa to US 412 in Tulsa. The expressway will complete a western loop around the Tulsa metro area and will feature bridges, including two (one for each direction of traffic) over the Arkansas River, as well as interchanges with W 51st, W 41st and W 21st Streets in East Tulsa and with US 412 in Tulsa. The project also includes a parallel 10-foot-wide, multi-use trail between W 51st Street and Katy Trail, just south of US 412. The project is intended to relieve congestion during peak periods and provide a new and more direct route to attractions in central Tulsa. The project is part of the Oklahoma Turnpike Authority's Driving Forward program, which involves major turnpike expansions in six corridors. The original plans for the orbital Gilcrease Expressway date from the 1950s. While the Gilcrease Expressway will be built and maintained to Oklahoma Turnpike Authority standards, the project will not be part of the Authority's statewide network of toll roads because it is being funded by several different entities. |
| Cost | Estimated $330-340 million |
| Funding Sources | Public Funds
Private Funds
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| Project Delivery / Contract Method | Build-finance The preliminary Build-finance structure is subject to the Technical and Financial Requirements included in the Request for Proposals. A separate consultant team is producing a 100% design. |
| Private Partner | Not yet selected |
| Project Advisors / Consultants | To Oklahoma Turnpike Authority
|
| Lenders | To be determined |
| Duration / Status | Request for Qualifications issued June 22, 2018 Four Qualifications submittals received August 22, 2018 Three proponents shortlisted September 25, 2018 |
| Financial Status | The Oklahoma Turnpike Authority is interested in pursuing a TIFIA loan that would be used to take out short-term financing provided by a private sector development partner. |
| Innovations |
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| Related Links / Articles |
"Gilcrease Expressway extension cost, toll rate to be higher than initially expected" (Tulsa World, June 28, 2018) |
| Contacts | Gene Wyckoff, PMP, PE |
