Los Angeles has initiated procurement on a six part toll road public-private partnership (PPP; P3) involving Interstate 5 (I-5) and State Route 71 (SR 71) and worth $730 million.
The California Department of Transportation (‘Caltrans’) and Los Angeles County Metropolitan Transportation Authority (LACMTA) published a request for qualification (RFQ) for the ‘Accelerated Regional Transportation Improvements’ project (ARTI) due Friday, July 5.
The P3 is billed a design, build, finance, operate and maintain (DBFOM) project, structured as an availability payment contract with a 35-year term, according to the RFQ. The tolling will be controlled via a ‘state-of-the-art’ electronic system and collected by LACMTA.
‘Element 1’ of the project will require the development of one high occupancy toll (HOT) lane in each direction along I-5 North from State Route 14 (SR 14 to Parker Road); Element 2 will involve the design, construction, rehabilitation and maintenance of all lanes on I-5 North from SR 14 to Parker Road.
Element 3 of the ARTI P3 will entail the reconstruction of SR 71 from Mission Boulevard to Interstate 10 (I-10) and the installation of a HOT lane in each direction; while Element 4 will require the reconstruction of SR 71 from State Route 60 (SR 60) to Rio Rancho Road and the addition of a HOT lane in either direction.
Elements 5 and 6 will entail the construction of a 16,300 linear foot sound wall along Interstate 210 (I-210) as well as the creation of a 28,500 linear foot sound wall along State Route 170 (SR 170) and Interstate 405 (I-405).
The project should have a bidder shortlist compiled by August. A draft request for proposals (RFP) should be available in October, with a final RFP out in January 2014. The deadline to turn in the RFP will be in May.
Commercial as well as financial close should take place between October 2014 and January 2015, according to the RFQ.
Los Angeles law firm Nossaman is advising Caltrans and the Authority on the ARTI project. LACMTA began mulling a P3 to address roadwork in Los Angeles County last June.