Nevada has determined a high-occupancy vehicle (HOV) project for Interstate 15 (I-15) in Las Vegas can proceed as a public-private partnership (PPP or P3) and will in a month begin procurement.
The Nevada Department of Transportation (NDOT) in the summer will publish a request for proposal (RFP) for ‘Project Neon,’ a 3.7-mile project to reduce congestion on I-15, according to the NDOT website.
The Department will draw up a bidder in the fall and send out a ‘final’ RFP in 2014. A preferred proposer should be named in the summer, with financial close scheduled for the fall.
Traditional design-build (DB) and design, build, finance (DBF) did not “fit” the goal of Project Neon, prompting NDOT to opt for a design, build, finance, operate, and maintain (DBFOM) project, according to the NDOT website.
The Department has judged I-15 hazardous, positing Project Neon to separate “freeway travel and local traffic,” the website said. “Increasing I-15 capacity will simultaneously increase mobility and improve access to downtown Las Vegas,” it noted.
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