Indiana has sent a Request for Proposals (RFP) to four consortia shortlisted in August for its ‘I-69 Section 5’ project – a design, build, finance, operate and maintain (DBFOM) concession of Interstate 69 (I-69).
The RFP is due Thursday, January 23, 2014, according to the Indiana Finance Authority (IFA), which is procuring the public-private partnership (PPP; P3) with the Indiana Department of Transportation (INDOT).
A Request for Qualifications (RFQ) for the P3, a 23-mile project from Bloomington, a city in southern Indiana, to Martinsville, Indiana, was released in June. The IFA and INDOT shortlisted the following consortia for RFP:
-‘Connect Indiana Development Partners,’ teaming Macquarie Capital, Lane Infrastructure and Lane Industries;
-‘Isolux Infrastructure Netherlands,’ with PSP Investments and Grupo Isolux Corsan;
– a consortium led by Plenary Group, and;
-‘WM I-69 Partners,’ teaming Meridiam Infrastructure and Walsh Investors.
‘Section 5’ is part of a six-section project to connect I-69 from Evansville, Indiana to state capital Indianapolis. The project is the third toll road PPP undertaken in the ‘Hoosier State’. The P3 is also the second Indiana project to use an availability payment structure (APS) contract.
In 2006, the US Midwest state leased its Indiana East-West Toll Road, or Indiana Toll Road, in a 75-year P3 for $3.8 billion.
The second Indiana toll road concession – the ‘East End Crossing PPP’, part of the ‘Ohio River Bridges Project’ – used APS.
Indiana has valued the Section 5 project at $500 million.