US 36 Express Lane Project Phase II
Phase II Project Overview
The 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 2 of the US 36 Express Lanes 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:
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 Concession team includes the following partners:
Phase II Public Meetings – Dec. 9 and 11
Construction has begun on Phase 2 of the US 36 Express Lanes Project! In April, Plenary Roads Denver was selected as the concessionaire for this phase, which will complete improvements to the entire US 36 corridor between Denver and Boulder. Phase 2 extends the express lane in each direction from 88th Street in Louisville to Table Mesa in Boulder. The project will open to the public in early 2016.
Additional Phase 2 project elements include the replacement of the Coal Creek bridge, the rehabilitation of the South Boulder Creek bridge and widening the McCaslin Boulevard bridge to accommodate a diverging diamond interchange.
If you are interested in learning more about Phase 2, please attend one of the two public meetings:
Anticipated Phase II Schedule
Proposals due – March 2013
Click here for more information.
Filed under: Project: US 36 Managed Lanes