| RELEASE: CONTACT: |
IMMEDIATE Jeffrey Caldwell 804-786-2715 Jeffrey.Caldwell@vdot.virginia.gov |
CO-0652 Oct. 2, 2006 |
VDOT POSTS ONLINE PRIVATE-SECTOR PROPOSALS TO DEVELOP AND OPERATE A NEW U.S. ROUTE 460
RICHMOND — The Virginia Department of Transportation (VDOT) has posted on its Web site today three conceptual proposals received in response to its solicitation under the Public-Private Transportation Act (PPTA) to develop and operate a new Route 460.
To view information about these proposals, visit http://www.virginiadot.org/projects/ppta-US-Route460-Concepts.asp.
The three proposals posted online are:
The next step is to complete a quality control review of the proposals. Then the proposals are to be reviewed by an Independent Review Panel (IRP) appointed by the Secretary of Transportation. This IRP will consider the proposals and will include significant public participation opportunities.
The design-build price in the proposals ranges from $1.05 billion to $1.55 billion in current year figures and have preliminary toll rates for passenger vehicles which are consistent with the Route 460 Toll Feasibility Study. That study examined a range of tolls between $.07 and $.24 per mile. The proposals also incorporate public funding requests ranging from $600 million to $2 billion (in year of expenditure and include additional cost items such as right of way and toll facility costs not included in the prices outlined above).
To read more about the Route 460 corridor improvement, view a history of this project, and see a draft timeline for the PPTA process, visit http://www.virginiadot.org/projects/ppta-US-Route460.asp. For more about other programs and projects, visit www.VirginiaDOT.org.
Note: To discuss the specific contents of any of the individual proposals, please contact the proposers directly:
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To view information about these proposals, visit http://www.virginiadot.org/projects/ppta-US-Route460-Concepts.asp.
The three proposals posted online are:
- Cintra 460, including:
- Cintra US Corp.
- Cintra (Concesiones de Infraestructuras de Transporte S.A.)
- Ferrovial Agroman, S.A.
- Earth Tech
- Itinere, including:
- Itinere Infraestructuras S.A.
- Sacyr S.A.U.
- Clark Construction Group, Inc.
- Shirley Contracting Company
- Louis Berger Group, Inc.
- CitiGroup
- Virginia Corridor Partners (SPC), including:
- Macquarie Investment Holdings, Inc.
- Skanska Infrastructure Development
- Tidewater Skanska, Inc.
- Lane Construction Corporation
- DMJM Harris
- Morgan Stanley / Morgan Keegan
The next step is to complete a quality control review of the proposals. Then the proposals are to be reviewed by an Independent Review Panel (IRP) appointed by the Secretary of Transportation. This IRP will consider the proposals and will include significant public participation opportunities.
The design-build price in the proposals ranges from $1.05 billion to $1.55 billion in current year figures and have preliminary toll rates for passenger vehicles which are consistent with the Route 460 Toll Feasibility Study. That study examined a range of tolls between $.07 and $.24 per mile. The proposals also incorporate public funding requests ranging from $600 million to $2 billion (in year of expenditure and include additional cost items such as right of way and toll facility costs not included in the prices outlined above).
To read more about the Route 460 corridor improvement, view a history of this project, and see a draft timeline for the PPTA process, visit http://www.virginiadot.org/projects/ppta-US-Route460.asp. For more about other programs and projects, visit www.VirginiaDOT.org.
Note: To discuss the specific contents of any of the individual proposals, please contact the proposers directly:
- Cintra - Javier Tamargo (Project Manager) (512) 637-8585
- Itinere - Patsy Napier (Media Contact) (804) 762-5800
- Virginia Corridor Partners - Bill DuVall (Project Manager) (703) 383-8336
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Page last modified: Oct. 2, 2006
