The Indiana Department of Transportation has announced the final four teams vying to develop and finance the remaining portion of the I-69 expansion. Officials expect to issue the last Request for Proposals in the fall for the stretch between Bloomington and Martinsville. August 1, 2013
INDIANAPOLIS, Ind. – Four private developer teams will compete to design, build, finance, operate and maintain the I-69 Section 5 project from Bloomington to Martinsville.
The Indiana Finance Authority (IFA) and Indiana Department of Transportation (INDOT) selected the finalists from five teams that outlined their expertise in response to a recent Request for Qualifications. IFA and INDOT representatives will meet with the short-listed teams to solicit ideas and discuss the next steps in the procurement process. It is anticipated that a final Request for Proposals will be issued this fall.
The four short-listed teams are listed below in alphabetical order. A more detailed listing of the teams may be viewed at www.in.gov/ifa/2779.htm.
Connect Indiana Development Partners
Equity Members: Macquarie Capital Group Limited, Lane Infrastructure Inc., Lane Industries Incorporated
Construction: Connect Indiana Constructors, a joint venture of Lane Construction Corporation and Ames Construction Inc.
Design: Parsons Brinckerhoff Inc.
O&M: Connect Indiana Operators, a joint venture of Macquarie Capital Group Limited and Lane Infrastructure Inc.
Isolux Infrastructure Netherlands B.V.
Equity Members: Public Sector Pension Investment Board (PSP Investments – a Canadian Crown Corporation), Grupo Isolux Corsan S.A.
Construction: Corsan-Corviam Construccion, S.A.
Design: AZTEC Engineering Group Inc., TYPSA (Tecnica y Proyectos S.A.)
O&M: Isolux Infrastructure Netherlands B.V.
Plenary Roads Indiana
Equity Members: Plenary Group
Construction: Granite-Weber, a joint venture of Granite Construction Company and Fred Weber Inc.
WM I-69 Partners
Equity Members: Walsh Investors L.L.C., Meridiam Infrastructure
Construction: Walsh Construction Company II, LLC (part of The Walsh Group)
Design: Parsons Transportation Group
O&M: Transfield Services Infrastructure Inc.
Indiana is a national leader in leveraging private capital to deliver needed transportation projects sooner, and at the lowest possible cost to taxpayers. IFA and INDOT plan to replicate the success of the East End Crossing of the Ohio River Bridges Project by using an availability payment model to deliver I-69 Section 5. The project will not involve tolling, but instead will leverage INDOT's capital funding appropriations to attract low-cost private sector finance. Other benefits of a P3 procurement are incentives for the private sector to lower construction costs and accelerate completion of the project.
The new Interstate 69 between Evansville and Indianapolis is widely regarded as a key component to the future economic vitality of southwestern Indiana, and will connect an entire region with improved access to jobs, education and healthcare. The 142-mile I-69 corridor was divided into six independent sections with the Tier 1 Final Environmental Impact Study, which was approved by the Federal Highway Administration in March 2004.
The first 67 miles opened for business in November 2012 under budget and years ahead of schedule, and now saves motorists more than 30 minutes in travel time between Evansville and Crane. Construction is underway on all 27 miles of I-69 Section 4 between Crane and Bloomington, which is expected to open to traffic in phases during late 2014 and 2015.
I-69 Section 5 involves upgrading 21 miles of existing State Road 37 to Interstate standards, including new interchanges and overpasses. The project will improve traffic safety, reduce existing and forecasted congestion and support economic development.
Source: Indiana Department of Transportation