Keynote Part 2 - Alternative Funding of Road Projects

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Bill Phillips, vice president of construction services with Parsons, reports at the Charlotte Chamber 2011 Transportation Summit.

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Keynote Part 2 - Alternative Funding of Road Projects

  1. 1. Alternate Project Delivery - APD<br />Bill Phillips<br />
  2. 2. Who is Parsons<br />Designer<br />Contractors<br />Developer<br />Solutions Provider<br />Transportation<br />Federal Works<br />Water<br />Commercial<br />2<br />2<br />
  3. 3. Transportation<br />3<br />British Columbia and Alberta<br />Kicking Horse Canyon - $125M<br />Northeast Stoney Trail - $505M<br />Northwest Anthony Henday Dr. - $1.05B<br />Montreal<br />A-25 P3 - $415M<br />South Dakota<br />I-229 Reconstruction - $32.5M<br />Washington<br />Tacoma Narrows Bridge - $615M<br />SR 532 - $ 55M<br />New York<br />Lincoln/Holland Tunnel ITS - $42M<br />Minnesota<br />Hastings Bridge - $120M<br />Hiawatha LRT - $715M<br />I-494 Reconstruction - $136M<br />Utah<br />I-15 Reconstruction - $1.59B<br />Mid-Jordan Rail - $214M<br />I-15 Beck St. - $115M<br />Pioneer Crossing - $175M<br />Geneva Road - $37M<br />Nevada<br />Reno Transportation Rail Access Corridor (RETRAC) - $170M<br />Virginia<br />I-895 Connector - $400M<br />District of Columbia<br />Largo Extension WMATA Wards 3 & 4 - $32M<br />California<br />El Portal Road (Route 140) - $34M<br />San Joaquin Hills Transportation Corridor - $1.1B<br />Garden Grove Freeway (SR 22) - $455M (program mgmt).<br />SR 125 South Toll Road - $650M (program mgmt.)<br />Pasadena Blue Line Light Rail - $460M<br />Alameda Corridor - $800M (program cost)<br />Mid-City Expo LRT - $640M<br />BART Oakland Airport Connector (OAC) - $365M<br />Missouri<br />I-64 Reconstruction - $420M<br />kcICON - $232M<br />Maryland<br />Design Build Roadways - $280M<br />ICC Contract “A” - $479M<br />ICC Contract “B” - $560M<br />Maryland<br />Central Light Rail Lines Phases I and II - $460M<br />Texas<br />DART Orange Line Extension - $425M<br />Houston Metro - $1,280M<br />Florida<br />OOCEA SR 408/I-4 Ultimate Bridge Widening - $4M<br />I-10/Escambia Bay - $36M<br />Blackwater Bridge - $32M<br />Evans Crary Bridge - $32M<br />Ernest Lyons Bridge - $46M<br />Sawgrass Expressway - $81M<br />I-95 St. Johns County - $25M<br />US 1 Flagler County - $11M<br />Tredinick Parkway - $25M<br />SR 9A - $31M<br />Tri-County Double Track - $400M (program mgmt.)<br />MIA Mover - $259M<br />Arizona<br />SR 68, Bullhead City to Golden Valley - $42M<br />US 60 (Superstition Freeway ) - $184M <br />51st Avenue Bridge - $12.8M<br />New Mexico<br />GRIP I-40/Coors Blvd. Interchange - $91M<br />Mississippi<br />US 90 Biloxi Bay Bridge -$339M<br />I-59 Bridge Widening - $10M<br />I-55 Bridge Widening - $10M<br />I-59/I-20 Bridge Widening - $10M<br />Colorado<br />E-470 (POE) - $940M (full build-out, program mgmt.)<br />E-470 Segment IV - $230M<br />I-225 / I-70 Northwest Flyover - $5M<br />Southeast Corridor T-REX Project (I-25) - $1.161B<br />Page| 1<br />Louisiana <br />John James Audubon Bridge -$335M<br />
  4. 4. Toolbox<br /><ul><li>Design-Build DB
  5. 5. Operations and Maintenance O&M
  6. 6. Design-Build, Operate & Maintain DBOM
  7. 7. Design-Build Finance DBF
  8. 8. Design-Build, Finance, Operate & Maintain DBFOM
  9. 9. Design-Build, Operate, Transfer DBOT
  10. 10. Design-Build, Operate, Own DBOO
  11. 11. Greenfield New Capacity
  12. 12. Brownfield Monetizing Asset</li></ul>4<br />
  13. 13. 5<br />North America Projects<br />
  14. 14. 6<br />USA Projects Operating<br />
  15. 15. 7<br />USA Projects Operating<br />
  16. 16. 8<br />USA Projects Operating<br />
  17. 17. 9<br />Canada Projects 1 of 3 <br />
  18. 18. 10<br />Canada Projects 2 of 3 <br />
  19. 19. 11<br />Canada Projects 3 of 3 <br />
  20. 20. USA History of Concessions<br /><ul><li>Philadelphia and Lancaster Turnpike 1792
  21. 21. 73 Miles 1st long distance paved road in USA
  22. 22. Tolls were collected until 1917 when bought by DOT becoming part of US 30</li></ul>12<br />
  23. 23. USA History of Concessions<br /><ul><li>Transcontinental Railroad 1863-1869
  24. 24. 1777 Miles Council Bluffs, Nebraska to Sacramento, California
  25. 25. Payment: $16,000 easy grade</li></ul> $32,000 high plains<br /> $48,000 mountains<br /><ul><li>400 ft ROW plus 10 sq miles for every mile built
  26. 26. Payment in Bonds that had to be repaid with interest
  27. 27. Union Pacific has owned full alignment since 1996</li></ul>13<br />
  28. 28. Case Studies<br />14<br />
  29. 29. Southern Connector I-185<br /><ul><li>1995-1996 SCDOT solicits and awards project to Interwest on behalf of Connector 2000 Association, a 63-20 non-profit entity.
  30. 30. 1996-1998 Legal challenge
  31. 31. 1997-2000 SCDOT widens parallel I-85
  32. 32. 2001 Southern Connector opens to traffic
  33. 33. 2001-2007 Traffic well below forecast
  34. 34. 2007 Attempts to sell concession
  35. 35. 2010 Files for bankruptcy
  36. 36. 2011 Re-organization plan approved</li></ul>15<br />15<br />
  37. 37. Northwest Edmonton Ring Road<br /><ul><li>2007 Solicitation Issued
  38. 38. 2008 Financial Close
  39. 39. 2011 Open to Traffic
  40. 40. 30 Year Availability Payment
  41. 41. 21 km Highway, 27 Structures
  42. 42. 50% Progress Payments
  43. 43. Financing 90% Bank Debt – 10% Equity</li></ul>16<br />
  44. 44. 17<br />Autoroute A25 Montreal<br /><ul><li>2005 Solicitation Issued
  45. 45. 2007 Financial Close
  46. 46. 2011 Open to Traffic
  47. 47. 35 Year Toll and Availability Payment
  48. 48. 7.2 km Highway with 1.2 km Cable Stayed Bridge
  49. 49. 22.5% Progress Payments
  50. 50. Financing 55% Bank Debt – 45% Equity
  51. 51. Toll Revenue sharing with Provence</li></li></ul><li>Port of Maimi Tunnel<br /><ul><li>2006 Solicitation Issued
  52. 52. 2008 Concessionaire Replaced
  53. 53. 2009 Financial Close
  54. 54. 2014 Construction Complete
  55. 55. 35 Year Availability Payment
  56. 56. 1.8 Mile Bored Tunnel under Miami Harbor plus interchanges at both Portals
  57. 57. 11% Progress Payments
  58. 58. Financing 43% Bank Debt – 47% TIFIA – 10% Equity</li></ul>18<br />
  59. 59. Thank You<br /><ul><li>Questions?</li></ul>19<br />

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