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The Colorado Department of Transportation (CDOT) has shortlisted four of the five teams that submitted qualification documents to develop the Interstate 70 (I-70) East P3 project in USA.
The four shortlisted teams are the following:
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: increased transportation demand, limited transportation capacity, safety concerns; and transportation infrastructure deficiencies.
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.
The first draft of the RFP is expected to be issued in Fall 2015, with a goal of selecting a private partner at the end of 2016.
We have recently reported on several road PPP projects globally: