Pranaya Shresta gave an excellent presentation of the project delivery approach slected by the Denver Regional Transportation District's for its $2.2 billion FasTracks project. The project includes 122 miles of new commuter and light rail, 50 stations, and 31 new Park and Ride facilities creating 21,000 parking spaces. The project is slated to open to riders in 2016, but so far it looks like this project will set an example of how to do PPP infrastructure right in the United States.
The attached power point gives an overview of the system and how the work was delivered. Pranaya stressed that the RTD worked hard up front to get buy in from all affected municipalities, and commitments were successfully tied down in an Intergovernmental Agreement before contracts were awarded.
The private public partnership includes about $400 million of financing from the design-build contracting team, which will also operate the facility for 29 years. The project was expanded this past summer as a result of a successful unsolicited proposal received from Kiewit Infrastructure Company to add the 10.5 miles I-225 Rail Line.
The RTD is extraordinarily open and willing to share its lessons learned and experience. If you are working on a project in your area, you will want to learn from Denver's experience.
Thank you to Pranaya Shresta, and to Jeff Jackmond for setting up this presentation.
No comments:
Post a Comment