Alabama cancels $2B Toll Bridge P3
The Government of Alabama has removed the US$2B Interstate 10 Mobile River Bridge and Bayway project from its 2023 Transportation Improvement Plan.
The decision was released after the 8-1 votes at the meeting of the Metropolitan Planning Organization (MPO) to discuss it’s 2020 through 2023 transportation plan. With this decision, the state officials cannot apply for federal grants or another form of financing to pay for the project.
The Alabama Department of Transportation (ALDOT) has been criticized for the lack of planning in budgeting the project without tolls. Others have criticized the proposed public-private partnership or P3 arrangement that ALDOT is proposing to structure the financing of the project. ALDOT was targetting to award the concession contract for the project by March 2020 with the construction to start afterward.
The I-10 Mobile River Bridge and Bayway Widening PPP project involved the development of a new six-lane bridge with 215 feet of Air Draft Clearance (ADC) across the Mobile River and widening the existing I-10 bridges across Mobile Bay from four to eight lanes.
The now-canceled project was estimated to be the most expensive transportation project in Alabama history Alabama.
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