News / RFQ released for I-69 section 5 P3 project in Indiana

RFQ released for I-69 section 5 P3 project in Indiana

🕔 May 30, 2013
Irelands Schools Bundle 5 PPP reaches financial close

The Indiana Finance Authority (IFA)together with the Indiana Department of Transportation (INDOT) have launched aRequest for Qualifications (RFQ) to prospective entities interested in submitting statements of qualifications (SOQs) to develop, design, build, finance, operate and maintain the Interstate 69 Section 5 P3 projectthrough an availability payment concession pursuant to a public-private partnership agreement (PPA).

The Indiana Finance Authority and Indiana Department of Transportation organized an Industry Dayfor theprojecton May 22, 2013. You can see the presentation made during the Industry Day here.

The term of the contract will be the construction period plus 35 years of operations and maintenance post construction.

The state of Indiana has accelerated the delivery of the project through a P3 after the successfulOhio River P3 project, awarded in a very efficient eight-month procurement process to WVB East End Partners - a team of Walsh Investors LLC, VINCI Concessions and Bilfinger Project Investment.

The SOQs are due on July 9th, 2013.

The project:

The new Interstate 69 between Evansville andIndianapolis is widely regarded as a key component to the future economic vitality of southwesternIndiana, and will connect an entire region with improved access to jobs, education and healthcare.

The first 67 miles opened for business in November 2012 under budget and years ahead ofchedule, and it now saves motorists more than 30 minutes in travel time when compared to otherroutes between Evansville and Crane. Construction is underway on all 27 miles of I-69 Section 4between Crane and Bloomington, which is expected to open to traffic in phases during late 2014 and2015.

The I-69 Section 5 project consists of upgrading approximately 21 miles of existing State Route 37, a four-lane median divided highway, between Bloomington, IN and Martinsville, IN to an interstate highway.

Source: IFA



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