Virginia issues RFQ for I-66 P3 project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Virginia issues RFQ for I-66 P3 project

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

The Virginia Department of Transportation (VDOT) has launched a request for qualification (RFQ) for the Interstate 66 (I-66) project outside Virginia city's beltway.

This RFQ consists of two parts:

  • The first part solicits statements of qualifications for three delivery methods: design, build, finance, operate and maintain (DBFOM), design, build, operate and maintain (DBOM), and design build, incorporating Alternative Technical Concepts (ATCs) in the design builder's proposal (DB-ATC).
  • The second part solicits conceptual financial proposals for each delivery method.

Proposers determined to be qualified by the VDOT in response to part one will be short-listed and invited to submit conceptual financial proposals. VDOT would qualify three of them for each delivery method.

DBFOM proposers will submit sources and uses of public contribution and private financing, along with a preliminary cash flow model. DBOM proposers will submit an indicative price for capital costs, an indicative price for O&M, and a preliminary cash flow model. DB-ATC proposers will submit an indicative price for capital costs.

A final decision on how the I-66 project will be financed is expected by end of this year. Then VDOT will launch a request for proposals (RFP) for the shortlisted teams of that method.

The project would involve the construction of high occupancy/toll lanes and associated facilities and services along the the  Interstate 66 corridor between U.S. Route 15 in Prince William County and Interstate 495 in Fairfax County.

The concession contract would not exceed 40 years and the total project investment is estimated at US$2.1 billion. VDOT expects that the public contribution will be about US$600 million, which would be provided during the construction period.

The project has the following objectives: improving multimodal mobility along the I-66 corridor by providing diverse travel choices through an efficient network of P&R, HOV, transit, and express lane opportunities in a cost-effective and timely manner; enhancing person-throughput capacity; and enhancing corridor wide transportation safety and travel reliability.

Interested parties must submit their statements of qualifications on or before 1 October 2015 for the first part.

See RFQ:

http://www.p3virginia.org/wp-content/uploads/2015/09/Transform-66-P3-Project-Request-for-Qualifications-PDF-clean-version.pdf

Throughout this month we have reported on several PPP projects in the USA:

List of country news

Country news

  • September 24, 2015

    Philadelphia Port seeks qualifications for PPP project

    Interested parties must submit their qualification documents on or before 18 November 2015. The shortlist is scheduled to be announced by December this year, while the request for proposals would be launched also in December. Read more
  • September 28, 2015

    CDOT appoints new Director of HPTE

    The Colorado Department of Transportation (CDOT) has appointed David Spector as new Director of the High Performance Transportation Enterprise (HPTE). Read more
  • September 29, 2015

    Miami-Dade County mulls P3 pipeline

    This announcement comes after the celebration on Sept. 25th  of the P3 Pipeline, a forum that links Miami-Dade County government officials to the private sector to discuss possible P3 projects. The projects that could be included in the PPP program of the County are, among others:  Read more
  • October 05, 2015

    Great interest in potential PPPs for California HSR

    A preliminary high-level overview of key themes and ideas from these responses will be shared to the Board of Directors tomorrow, October 6th. Over the next month, CHSRA's staff will hold one-on-one meetings with respondents to discuss their EOIs. Read more
  • October 06, 2015

    INPP makes first investment in the US

    International Public Partnerships Limited (INPP) has announced its first acquisition in the US from the Federal Home Loan Mortgage Corporation (Freddie Mac). Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.