ODOT receives four reponses for Portsmouth Bypass P3 project
Ohio Department of Transportation has received four Statements of Qualifications (SOQs) for the Portsmouth Bypasss Design-Build-Finance-Operate-Maintain (DBFOM) project.
Highway in the U.S.The mentioned consortia and their equity members are the following:
- Portsmouth Bypass Development Partners: Cintra Infraestructuras S.A.
- PWP Portsmouth, LLC: Plenary Group USA Ltd., Walsh Investors L.L.C and Parsons Enterprises, Inc.
- Portsmouth Bypass Development Alliance: Macquarie Capital Group Limited, Kiewit Development Company and Kokosing Infrastructure LLC
- Portsmouth Gateway Group: ACS Infrastructure Development Inc., InfraRed Capital Partners Ltd and Star America Fund GP LLC
The RFQ was issued June 7. Statements of qualification for the project were due July 12, but there was an extension allowing firms to submit SOQs by August 9.
The announcement of shortlisted proposers is expected for September 6, 2013.
The estimated investment amount of the project is $600 million.
The investor will recover the investment via Availability Payments over the term of the agreement, commencing at the opening of the entire length of the Portsmouth Bypass. However ODOT has reserved dedicated Appalachian funds from prior years for the Project and is contemplating making these funds available to the Developer upon the achievement of defined work progress milestones. The RFQ states that this will be decided in the RFP stage.
The Portsmouth Bypass is a four-lane, divided, limited-access highway around the City of Portsmouth in Scioto County, Ohio. The highway, to be designated State Route 823 (SR 823), is known as the Portsmouth Bypass and will comprise 16 miles of four lane divided highway, bypassing approximately 26 miles of US 52 and US 23 through Portsmouth. The project includes construction of five new interchanges (U.S. 52, S.R. 140, Shumway Hollow Road, Lucasville Minford Road and U.S. 23.)
Source: ODOT
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