The Florida Department of Transportation (FDOT) announced Wednesday, that it has selected I-4 Mobility Partners to design, build, finance, operate and maintain the I-4 Ultimate through a 40-year public-private partnership concession agreement. The total design and construction cost is $2.3 billion, about $860 million less than the highest proposal received by FDOT at $3.2 billion.
Commenting on the major step forward taken today, FDOT Secretary Prasad said, “The use of a public-private partnership for the I-4 Ultimate project will help us deliver these improvements 20 years sooner than using conventional methods. This benefits Central Florida residents, commuters and visitors.”
The members of the I-4 Mobility Partners team include the following:
- · Skanska Infrastructure Development Inc. (Equity Member)
- · John Laing Investments Limited (Equity Member)
- · Construction Joint Venture – Skanska USA Civil Southeast Inc., Granite Construction Company, and the Lane Construction Corporation (Lead Contractor)
- · Design Joint Venture – HDR Engineering, Inc. and Jacobs Engineering Group, Inc. (Lead Engineer)
- · Infrastructure Corporation of America (Lead Operations and Maintenance firm)
The project includes the reconstruction of 21 miles of I-4 from west of Kirkman Road in Orange County to east of State Road 434 in Seminole County. The I-4 Ultimate project adds four tolled express lanes to I-4 while maintaining the existing free general use lanes, providing a choice to motorists. The express lanes will be operated with variable tolls which will be adjusted to improve traffic flow throughout the corridor. FDOT will retain the toll revenue and will control the toll rates.
The I-4 Mobility Partners team provided FDOT with additional technical enhancements in its proposal that included direct connections from I-4 express lanes to SR 408, capacity improvements in the form of additional auxiliary lanes and turn lanes, pedestrian bridges, and enhanced aesthetics along the facility. Construction is expected to begin in 2015 and be completed in 2021.
The I-4 Ultimate project is being procured by FDOT as a public-private partnership.
I-4 Mobility Partners was one of four teams submitting proposals on this project. The other three teams were: 4awardPartners, I-4 Development Partners LLC and Ultimate Mobility Partners.
More project information may be found at www.moving-4-ward.com.
