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US 36 Managed Lane/Bus Rapid Transit Project Phase IIPhase II Project OverviewThe Colorado Department of Transportation (CDOT) and the Colorado High Performance Transportation Enterprise (HPTE) are in procurement for the US 36 Express Lanes Phase II Project through a Public-Private Partnership (P3) to reconstruct six miles of US 36 from 88th Street in Louisville/Superior to Table Mesa/Foothills Parkway, in Boulder. The project is an extension of Phase I, which is currently under construction, and will mirror the same features:
CDOT AND HPTE Select ConcessionaireThe Colorado Department of Transportation (CDOT) and the High Performance Transportation Enterprise (HPTE) have announced the selection of Plenary Roads Denver as the Concessionaire for phase II of the US 36 Express Lanes/Bus Rapid Transit project between 88th Street and Table Mesa, which will complete improvements to the entire US 36 corridor between Denver and Boulder. The project is CDOT’s first public-private partnership (P3), an innovative partnership where the public and private sectors team together to provide transportation improvements and services to the traveling public. CDOT and HPTE will enter into a 50-year agreement with Plenary Roads Denver who will:
Operate and Maintain the following highways, which includes snow and ice removal:
About two-thirds of the Phase 2 Project costs are funded through private sector equity and non-recourse debt. The project delivers much-needed capacity, while shifting operations and maintenance and replacement obligations to the private sector for the next 50 years. And, the P3 arrangement enables the project to be completed 20 years sooner than originally planned.
The second phase of the US 36 Express Lanes project is expected to begin construction in late 2013 and will be complete by late 2015. Anticipated Phase II Schedule Proposals due – March 2013 Click here for more information.
Filed under:
Project: US 36 Managed Lanes
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Phase II Project Contact
Mark Gosselin |
