The Georgia Department of Transportation (GDOT) has launched a request for qualifications for the I-285/Ga. 400 interchange P3 project.
The project consists of the construction of barrier-separated collector-distributor (CD) lanes along I-285 and SR 400, the reconstruction of existing ramps, new flyover bridges, as well as the reconstruction and widening of several existing bridges in the interchange area. Along SR 400about two miles of improvements will also be constructed.
The project will be developed on a design, build and finance (DBF) basis.
The total project investment is estimated at US$700 million. GDOT anticipates that approximately US$235 million of funding from public sources will be available for the project for payment by GDOT to the winning bidder during the construction period, although such amount is subject to change.
The project is being proposed to improve operational efficiency, enhance safety, reduce weaving maneuvers, and address current lack of ramp capacity at the I-285/SR 400 interchange and on SR 400.
The project is part of the GDOT P3 program that is intended to seek innovative project delivery and innovative financing solutions from the private sector to meet the state's transportation infrastructure needs.
Interested parties must submit their qualification documents on or before 15 December 2014. The shortlist is expected to be announced on 15 January 2015.
We recently reported about two other PPP projects in Georgia: