Indiana released a “final” request for proposals (RFP) for a private partner to manage its half of the Ohio River Bridges Project in conjunction with next door neighbour Kentucky.
The Hoosier State, via its Indiana Department of Transportation (INDOT), issued the RFP to a shortlist drawn up in April. The deadline to respond to the RFP is “late October,” the department said.
Indiana, in keeping up its end of the $2.6 billion “mega-project,” opted for a public-private partnership (PPP), and will enter a toll road concession agreement with its eventual private partner.
Cross-state partner Kentucky, meanwhile, decided to pursue traditional procurement, with the Kentucky Transportation Cabinet (KYTC) searching for a design-build team.
The Ohio River Bridges Project is a plan to bridge Southern Indiana and Louisville, Kentucky, dating back to 2002 and requiring a reconfiguration of the Kennedy Interchange in Louisville.
Indiana and Kentucky in 2009 created the Louisville and Southern Indiana Bridges Authority, and began formulating a PPP to complete the project. But Kentucky in 2012 decided to use a traditional project delivery method, leaving Indiana to search for its own private partner. Each state is putting $1.3 billion apiece toward the project.
IDOT has shortlisted four consortia with the RFP, including:
– East End Mobility Partners, led by the equity team of SNC-Lavalin Capital, John Laing Investments and Zachery Resources;
– Ohio River Mobility Group, teaming ACS Infrastructure Development and Skanska Infrastructure Development;
– Ohio River Transportation Partners; with an equity team of Balfour Beatty Capital, InfraRed Capital Partners and Kiewit Development Company;
– WVB East End Partners, with Walsh Investors, Vinci Concessions and Bilfinger Berger.
IDOT has met one-on-one with each team, according to the department, which went on to characterise the consortia as “very engaged”.
A winning bidder should be named by the end of 2012.