The Maryland Department of Transportation (MDOT) and the Maryland Transportation Authority (MDTA) announced a shortlist of highly qualified private-sector teams eligible to respond to a Request for Proposals (RFP) to be the developer of I-495 & I-270 P3 Program Phase 1.
The I-495 & I-270 P3 Program is a historic effort to reduce congestion for millions of Maryland drivers by seeking input from the private sector to design, build, finance, operate, and maintain improvements on both I-495 and I-270. Improvements will be focused to transform these overloaded interstates to allow people to reach their destinations faster and to remove overflow traffic from the local roads. The Program’s total estimated capital cost is between US$9 and US$11 billion.
The Phase 1 Developer will be a strategic partner to provide preliminary design, stakeholder engagement, and other predevelopment activities that will ultimately lead to designing, building, financing, operating and maintaining managed lanes in Phase 1.
The shortlisted teams are: Accelerate MarylandExpress Partners, Accelerate Maryland Partners LLC, Capital Express Mobility Partners, and Potomac Mobility Group.
The teams responded to MDOT and MDTA by the May 20 deadline with a Statement of Qualifications (SOQ) expressing their interest in becoming the Phase I Developer. The four teams underwent a thorough evaluation of their technical and financial qualifications, capacity, experience on similar projects, and approach. After careful consideration, it was determined that all four teams should advance to the shortlist.
The shortlisted teams will respond to the Request for Proposals (RFP) in early 2021.
MDOT and MDTA plan to select a preferred Phase Developer and recommend a Phase 1 P3 Agreement to the BPW for its review and approval late Spring or early Summer 2021. An environmental decision document under the National Environmental Policy Act (NEPA) will be approved before necessary BPW approvals to commence with final design and construction on any portion of Phase 1.
The teams shortlisted to bid on the RFP are:
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