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:
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.