The Virginia Department of Transportation (VDOT) has shortlisted all teams involved in the qualification stage to develop the state's Interstate 66 Outside the Beltway project in Northern Virginia under three potential delivery methods.
- DBFOM delivery method. Similar to the 495 and 95 Express lanes, a private entity would contract to design, build, finance, operate and maintain the facility, taking the associated risks for the project for up to a 50-year period. Under a toll revenue concession, the commonwealth may make a public contribution towards the financing of the project. The shortlisted teams are the following:
- DBOM delivery method. The state would finance the project and collect the toll revenues, but the private sector would take the risk in designing, building, operating and maintaining the project for up to 15 years. The shottlisted teams are the following:
- Design-Build with Alternative Technical Concepts delivery method. The state would finance the project, collect toll revenues as well as operate and maintain the project while the private sector would take the risk in designing and building the project and be able to come up with engineering savings during the bidding process, which cannot be considered under a design-build procurement. The shottlisted teams are the following:
Responses are due to VDOT by December 1, 2015, which will require the short-listed teams to submit indicative financial models. After receiving and evaluating the private sector's responses, VDOT will select a preferred delivery option and issue a Request for Proposals (RFP) seeking detailed information on the private sector's approach to develop the project and binding price proposals.
The total project investment is estimated at US$2.1 billion. VDOT expects that the public contribution will be about US$600 million, which would be provided during the construction period.
The project has the following objectives: improving multimodal mobility along the I-66 corridor by providing diverse travel choices through an efficient network of P&R, HOV, transit, and express lane opportunities in a cost-effective and timely manner; enhancing person-throughput capacity; and enhancing corridor wide transportation safety and travel reliability.