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Fri April 23 2021

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Wide-ranging shortlist announced for $2.1bn Virginia road

21 Oct 15 Skanska, Fluor, Hochtief, Vinci, Dragados and Ferrovial are among companies featuring in the shortlisted teams for a US$2.1bn highway project in Virginia, USA.

Virginia Department of Transportation (VDOT) has drawn up three shortlists covering a range of possible delivery options for the I-66 ‘Outside the Beltway’ scheme. The approach is flexible at this stage, and the companies have put forward different types of proposals including options financed privately or by the state.

It had issued a request for qualifications (RFQ) recently (link opens in new tab). Qualifications statements have now been reviewed by VDOT in coordination with the Virginia Department of Rail & Public Transportation and the Virginia Office of Public Private Partnerships.

The shortlisted teams have been asked to provide more information in the second part of the RFQ process. 

Design-build-finance-operate-maintain teams

A private entity would contract to design, build, finance, operate and maintain the facility, taking the associated risks for the project for up to a 50-year period.  Under a toll revenue concession, the commonwealth may make a public contribution towards the financing of the project.

Related Information
  • Express Partners:  Equity: Transurban (70%) / Skanska (30%);  Lead contractor: Skanska / Archer Western
  • I-66 Express Mobility Partners: Equity: Cintra (50%) / Meridiam (50%); Lead contractor: Ferrovial Agroman / Allan Myers
  • Transformative Solutions Partners: Equity: InfraRed (42.5%) / Isolux (42.5%) / Fluor (15%); Lead contractor: Fluor / Granite / Lane

 Design-build-operate-maintain teams

The state would finance the project and collect the toll revenues, but the private sector would take the risk in designing, building, operating and maintaining the project for up to 15 years.

  • Express Partners: Lead Contractor: Skanska (50%) / Archer Western (50%); Lead operations and maintenance (O&M): Transurban
  • I-66 Corridor Development Group: Lead Contractor: Dragados (42.5%) / Flatiron (42.5%) / Shikun & Binui (15%); Lead O&M: ACS / Hochtielf
  • I-66 Express Mobility Partners: Lead Contractor: Ferrovial Agroman (70%) / Allan Myers (30%);       Lead O&M: Cintra
  • Transform I-66 Express Partners LLC: Lead Contractor: Shirley (39%) / Facchina (24%) / Trumbell (19%) / Wagman (18%); Lead O&M: Vinci
  • Transformative Solutions Partners: Lead contractor: Fluor (40%) / Granite (30%) / Lane (30%);       Lead O&M: Fluor / URS

Design-build-alternative technical-concepts teams

The state would finance the project, collect toll revenues as well as operate and maintain the project while the private sector would take the risk in designing and building the project and be able to come up with engineering savings during the bidding process, which cannot be considered under a design-build procurement.

  • I-66 Corridor Development Group: Lead contractor: Dragados (42.5%) / Flatiron (42.5%) / Shikun & Binui (15%)
  • I-66 Express Mobility Partners: Lead contractor: Ferrovial Agroman (70%) / Allan Myers (30%)
  • Skanska / Archer Western JV: Lead contractor: Skanska (50%) / Archer Western (50%)
  • Transform I-66 Express Partners LLC: Lead contractor: Shirley (39%) / Facchina (24%) / Trumbell (19%) / Wagman (18%)
  • Transformative Solutions Partners: Lead Contractor: Fluor (40%) / Granite (30%) / Lane (30%)

Responses, including indicative financial models, are due in by 1 December. After receiving and evaluating the private sector’s responses, VDOT will select a preferred delivery option and issue a request for proposals.

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MPU
MPU

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