jefferson parkway public highway authority bidder information conference december 14, 2010
TRANSCRIPT
Introduction• Authority Member Jurisdictions
– City of Arvada – Population 110,000• Home rule municipality
– Jefferson County – Population 536,992• Colorado’s 4th largest county
– City and County of Broomfield – Population 56,000• Home rule City and County• With Lafayette, member of Northwest Parkway Public
Highway Authority.
Introduction (continued)
• Authority Consultants– Program Manager – PB Americas-led team
• Stantec• Public Financial Management
– General Counsel – Icenogle Seaver & Pogue
Goals of the Authority• Improve regional mobility• Complete the last unbuilt segment of the Denver metro
beltway, 10 miles between SH128 and SH93• Provide multi-modal capacity• Complete the Parkway without State or Federal
funding• Reduce air pollution in the Denver metro area• Create an equitable, fair public-private partnership• Stimulate economic development in the northwest
quadrant of the Denver metro area
Phase 1 (Initial Parkway
Project)• Approximately 10
miles from SH128 to SH93
• 3 partial interchanges
• 6 structures
Jefferson Parkway Project
ROW• Blue: Authority
ROW• Green: Rocky Flats
ROW in Process or property obligated contractually
• Magenta: Other ROW in Process
Overall Project Schedule December 2010 Bidder Information Conference
Prepare RFP(7 months) Prepare Proposals
Develop Contracts
July 2011 Select Preferred Proposer
(14 months) Prepare Environmental AssessmentsDevelop Project
September 2012 Begin Construction
(34 months) Build Phase 1 Project
July 2015 Open Jefferson Parkway to Traffic
CDOT Interchange Process1601 System Level Analysis(Completed)
CDOT & DRCOGApprovals
(Completed)
Air Quality Conformity
+ Fiscally
Constrained RTP(Completed)
Preliminary Engineering & NEPA Approval Process
SH 128 EA
SH 72 EA
SH 93 EA
The Private Partner is expected to fund all Costs to Finalize Plans and
Obtain Construction Approval, Estimated at $8 million.
Traffic & Revenue Projections
Stantec Forecast used in PFM Revenue Analysis (spring 2009)
Estimated Revenue Impacts from:
Highway Connection Outlined in Brisa/NWP Contract
Planned Upgrades to Interlocken Loop
Corridor Economic Development
• Anthem
• Avista and Exempla Hospitals
• Conoco Phillips Research Campus
• Flatiron Mall & Retail Center
• Interlocken Office Park• Rocky Mountain
Airport Development
• Candelas
Estimated Parkway Costs
• Initial Project Costs:– Authority Costs During PCA Term: $8m– Project Costs: $204m
• Ongoing Project Costs– O&M Costs: $6m/yr (2020)– Expansion Costs: $164m– Roadway Rehabilitation: $18m– Tolling Equipment Replacement: $45m
Over first 35 years of operation
JPPHA - ENABLING LAW
• Public Highway Authority Law (43-4-501, et seq., C.R.S.)
• Jefferson Parkway PHA - Not an agency of the State - Independent unit of government - Governed by a board of directors with 2 votes per member
JPPHA - POWERS
• Concession• Eminent domain• Tolling• Toll enforcement• Self-regulating and self-governing
Northwest Parkway PHA – Colorado P3 Precedent
• A design/build project, opened in 2003• Brownfield concession in 2007• 9 miles of expressway• CLA held by Brisa• Back office tolling operation by E-470 PHA
JPPHA Actions and Accomplishments to Date
– Assembly of the Authority team– Finalize project alignment– CDOT 1601 Systems Approval– DRCOG fiscally constrained RTP Amendment– Rocky Flats Right of Way is eminent
Structure of JPPHA Concession Procurement
• Pre-Concession Agreement (PCA) Procurement – Bidders’ Information Conference – PCA draft to be presented in early 2011 with RFP– Selection of preferred proposer and negotiation of
PCA– Execution of the PCA
PCA Activities• Proposer
– Negotiate CLA– Develop Management and
Operating Plans– Begin Design of Project &
Aesthetics – Secure Financing– Fund Required CDOT
Process– Investment Grade T&R– Obtain Permits
• Authority– Negotiate CLA– Approve Management and
Operating Plans– Begin Review of Proposer
Design & Aesthetics– Review Finance Plan– Conduct Required
Environmental Assessments
– Manage Public Processes and Approvals
Structure of JPPHA Concession
• Concession Lease Agreement Components– Term– Design/build components– Risk allocation– Operating standards and methodology– Handback provisions– Toll rate structure– Profit sharing provisions