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This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
The Colorado Department of Transportation (CDOT), the High Performance Transportation Enterprise (HPTE) and the Colorado Bridge Enterprise (CBE) have received statements of qualifications from five teams for the Interstate 70 (I-70) East P3 project.
The five bidding teams are the following:
The next step is to select the most qualified firms, who will be asked to respond to a request for proposals (RFP). The first draft of the RFP will be issued in Fall 2015, with a goal of selecting a private partner at the end of 2016.
The 11-mile I-70 East project corridor extends through the eastern portion of the City and County of Denver.
The purpose of the project is to implement a transportation solution that improves safety, access and mobility. The need for the project results from the following issues:
In late February CDOT recommended developing the project through a P3. According to the I-70 East Value for Money analysis, the I-70 East project is not affordable under a design build model, but can be afforded under both the design, build, operation and maintenance DBOM and design, build, finance, operation and maintenance (DBFOM) models.
We have recently reported on several PPP projects in the USA: