News / FDOT receives financial proposal for I-4 highway P3 project

FDOT receives financial proposal for I-4 highway P3 project

🕔 March 18, 2014
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The Florida Department of Transportation (FDOT) announced on 13 March 2014 that  it received four financial proposals for the I-4 Ultimate Project.

The project will be developed on a  design, build, finance, operate and maintain (DBFOM) basis. The project cost is estimated at US$2 billion. 

Technical Proposals were also submitted by all four shortlisted bidders:

1. 4wardPartners

2. I-4 Development Partners LLC

3. I-4 Mobility Partners

4. Ultimate Mobility Partners

FDOT is reviewing the financial proposals and technical proposals and expects to make final selection of a best value proposer at a public meeting on April 23, 2014.

The project includes the reconstruction of 21 miles of I-4 from west of Kirkman Road in Orange County to east of State Road 434 in Seminole County. The I-4 Ultimate project adds four tolled express lanes to I-4 while maintaining the existing free general use lanes, providing a choice to motorists.

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