Missouri mulls P3 for highway project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Missouri mulls P3 for highway project

The Missouri Highways and Transportation Commission (MHTC), USA, is considering a public private partnership (P3) structure to upgrade the Interstate 70 highway.

Jay Nixon, Missouri Governor, in a letter to Missouri Highway and Transportation Commission Chairman Stephen Miller on 9 December, asked MHTC to conduct an analysis of options for utilizing toll to upgrade  I-70. Mr Nixon stated:

"A strong transportation system is critical to Missouri's economic competitiveness, but Missouri's transportation funding is approaching a critical juncture. That is why I am requesting that the Missouri Highways and Transportation Commission analyze and provide options for utilizing tolls to address one of our most pressing transportation infrastructure needs - improving and expanding Interstate 70 - and to free up resources currently dedicated to repair and maintenance on I-70 for road and bridge projects throughout the state.

"Across the country, states have utilized private sector-based solutions, such as those involving tolls or public-private partnerships, to address significant transportation needs like I-70. The potential of such solutions is worth of exploration as we continue a robust discussion regarding our transportation needs and options to pay for them.

Missouri Department of Transportation (MoDOT), in January 2012, also proposed a P3 project to develop the I-70 after they estimated the repair costs, on the highway linking Kansas City and St. Louis, to be between US$2 billion and US$4 billion.

At that time MoDOT said that the Interstate 70 highway project could be done through a P3 project, in which private sector investment would be repaid by I-70 users through a toll. A tolled facility would have a dedicated revenue stream to pay for its operation, maintenance and future condition and safety needs.

In August this year, Missouri voters did not approved a three-fourths-cent sales tax intended to invest in improvements for about 2,000 mile of I-70.

According to a MoDOT document, Interstate 70 was designed to carry 12,000-18,000 vehicles per day, but it carries an average of about 31,000 vehicles per day in the corridor's most rural sections, with 10,000-13,000 trucks.

Other examples of road PPP projects in planning stage in USA are:

Share this news