Financial close for Gilcrease Expressway West project
U.S. Transportation has announced that US Department of Transportation´s (USDOT) Build America Bureau (the Bureau) will provide up to a US$ 120.1 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Oklahoma Turnpike Authority (OTA) to help finance the Gilcrease Expressway West P3 Project in Oklahoma.
The Project, a five-mile four-lane divided tollway that includes 22 bridges (two of which span the Arkansas River), four major interchanges, and a 10-foot-wide multi-use trail, is the first Project in the State of Oklahoma to ever use TIFIA credit assistance. The project is intended to relieve congestion during peak travel periods and provide a new and more direct route to city attractions and various points of interest in the Tulsa urban core by improving connectivity between neighborhoods on opposite sides of the Arkansas River.
The primary source of repayment of the TIFIA loan is gross toll revenue and supplemental funds from the Oklahoma Department of Transportation through an Assistance Agreement.
.
Country updates
-
-
May 27, 2020
RFP launched for West Los Angeles Civic Center project
City and County of Los Angeles in the USA has launched a request for proposal (RFP) seeking private developers for the redevelopment of the civic center located on the south side of Santa Monica...
Read more -
May 26, 2020
RFP launched for Slauson and Wall mixed use development project
The City of Los Angeles Economic and Workforce Development Department has issued a request for proposal (RFP) seeking development proposals from experienced development teams with respect to the devel...
Read more -
May 25, 2020
Procurement process delayed for Triangle project in Denver
The City and County of Denver will delay the procurement process for the public-private partnership (P3) for phases 3-8 of the National Western Center redevelopment. A delay is caused by the economic...
Read more -
May 20, 2020
EIG closes US$1.1bn Global Project Fund V
EIG Global Energy Partners (EIG) has reached the final close of EIG Global Project Fund V (GPF V) with total commitments of US$1.1 billion, nearly 50% higher than the Fund’s US$750 million targe...
Read more -
May 19, 2020
RFQ for major road project in USA to be issued soon
Georgia department of transportation (GDOT) in the USA has announced a procurement schedule for I-285/I-20 East Interchange project in DeKalb County. The authority will issue a request for qualif...
Read more
