CDOT's I-70 to use Public Private Partnership route
The Colorado Department of Transportation (CDOT) has announced plans to develop the Interstate 70 East project through a public private partnership (P3) project.
It is scheduled that the commission will make its final decision on the financing of the project on 19 February 2015.
The I-70 East project corridor extends through the eastern portion of the City and County of Denver. The current project limits extend (in abbreviated form) from the intersection of I-70 and I-25 east to Tower Road, a distance of approximately 11 miles. This portion of I-70 also intersects several railroad lines, I-270 and I-225.
The purpose of the project is to implement a transportation solution that improves safety, access and mobility. The need for the project results from the following issues:
- Increased transportation demand
- Limited transportation capacity
- Safety concerns; and
- Transportation infrastructure deficiencies
According to the state's Transportation Commission members, the project will be developed on a design, build, finance, operation and maintenance (DBFOM) basis.
In early December, the CDOT held an industry meeting for the Interstate 70 East. The industry forum was a critical step in the process to determine a funding and procurement plan for the proposed project. The forum provided an opportunity for industry teams to meet with CDOT officials.
Country news
-
-
February 12, 2015
Harbert Independent Power Fund closes at $485 million
Harbert Management Corporation (HMC) and Harbert Power, LLC have announced the final close of Harbert Power Fund V (HPF V), which invests in independent power assets in North America, with equity commitments of US$485 million. Read more -
February 12, 2015
Project finance attorney Mark Tibberts joins Baker & McKenzie
Mark Tibberts has joined Baker & McKenzie as a partner, bringing more than 20 years of experience handling energy finance and transactional matters, both domestic and international. Read more -
February 13, 2015
City of San Jose issues RFQ for mixed-use urban PPP project
The City of San Jose (USA), through its Office of Economic Development (OED), has launched a request for qualification (RFQ) for a mixed-use urban PPP project. Read more -
February 16, 2015
ORIX Americas expands infrastructure investment team
ORIX Americas has hired Barry Gold as a Managing Director and Joshua Herlands as an Associate Director, both based in New York. Read more -
February 16, 2015
Indiana halts plans for Indiana Expressway
The Indiana Department of Transportation (INDOT) has suspended its work on the Illiana Expressway P3 pending a decision by Ilinois Gov. Bruce Rauner. Read more
