Warwick, Rhode Island
|Project Sponsor / Borrower||
Rhode Island Airport Corporation (RIAC)
Rhode Island Department of Transportation (RIDOT)
Interlink, formerly the Warwick Intermodal Station project, is an intermodal project connecting air, rail, bus, automobiles, and rental cars at T.F. Green Airport in Warwick, RI that serves the Providence area and Southern Massachusetts.
The intermodal facility serves MBTA (Massachusetts Bay Transportation Authority) commuter trains traveling between Warwick, Providence, and Boston, utilizing Amtrak rails; and Wickford Junction in North Kingstown, RI that opened in April 2012. The rail platform is integrated with a consolidated rental car facility that houses all airport rental car operations. The six-level parking garage includes approximately 1,800 spaces for rental car operators and 800 for rail commuters. This garage includes the first elevated fueling platforms in the country. A 1,200-foot, elevated and enclosed walkway with moving sidewalks connects passengers to and from the airport terminal. Additionally, the station incorporates opportunities for local and intercity bus service connections.
Federal funding grants - $124.6 million
TIFIA loan - $42.0 million
Special facility revenue bonds - $39.6 million
Customer facility charges - $29.6 million
State grants - $31.1 million
|Project Delivery / Contract Method||
Construction Manager At Risk
Nine rental car agencies
|Project Advisors / Consultants||
Parsons Brinckerhoff - Project management
Gilbane Building Company - Construction management
Jacobs Engineering Group - Design
To USDOT TIFIA JPO
Bondholders, USDOT TIFIA
|Duration / Status||
Construction began fall 2007; Substantial completion reached in October 2010
|TIFIA Credit Assistance||
Direct Loan - $42 million
The TIFIA loan will be secured by customer facility charges imposed by RIAC upon people renting cars at the airport as well as payments by the rental car companies for tenant improvements in the Intermodal Facility.
|Financial Status / Financial Performance||
TIFIA credit agreement signed on June 27, 2006.
The first TIFIA payment was made in January 2012 and the final maturity date of the loan is July 2042.
Loan repayments began in 2009 and conclude in 2042.
|Related Links / Articles|