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ACEC Indiana Indianapolis November 15, 2011 Steve Schultz, Executive Director Louisville and Southern Indiana Bridges Authority. Two Bridges, One Project. The Louisville - Southern Indiana Ohio River Bridges Project (LSIORBP). At A Crossroads. 2003 Record of Decision.
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ACEC IndianaIndianapolisNovember 15, 2011 Steve Schultz, Executive DirectorLouisville and Southern Indiana Bridges Authority
Two Bridges, One Project The Louisville - Southern Indiana Ohio River Bridges Project (LSIORBP)
2003 Record of Decision • Build New Downtown Bridge • Construct East End Bridge • Reconstruct Kennedy Interchange
Downtown Bridge • Prescribed alignment: just east (upstream) of, and slight skew with, existing Kennedy Bridge (I-65) • Northbound I-65 traffic
Downtown Bridge Twin Three Tower Cable-Stayed
East End Bridge Two Tower Cable-Stayed
East End Tunnel OHIO RIVER ROSEWELL BELLEVIEW RIVER ROAD DRUMANARD PROSPECT LOUISVILLE ALLISON-BARRICKMAN WOLFPEN BRANCH ROAD
Project Development Team Bi-State Management Team KYTC INDOT FHWA General Engineering Consultant Community Transportation Solutions Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Kennedy Interchange Downtown Bridge Jeffersonville Approach Kentucky East End Approach East End Bridge Indiana East End Approach
Not Enough Conventional Funding • Federal highway funds come from gasoline tax • Purchasing power of federal gas tax dropping
Bridging the Gap Begins • Project strengths: • Five decades of bi-state cooperation • An existing Record of Decision • A functioning bi-state management team • A key missing piece: • A long-term projectfinancing and delivery solution
Creation of the Bridges Authority • Kentucky House Bill 3 (Summer 2009) • Bi-State Work Team • Indiana Executive Order (December 2009) • Formally organized February 2010; ratified by KY General Assembly March 2010 • Fourteen members (7 from each state) and an executive director • Strategic Advisor (KPMG) engaged May 2010
Project Development Team Bi-State Management Team KYTC INDOT FHWA General Engineering Consultant Community Transportation Solutions Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Kennedy Interchange Downtown Bridge Jeffersonville Approach Kentucky East End Approach East End Bridge Indiana East End Approach
Louisville and Southern IndianaBridges Authority • Mission: To finance, construct and oversee the Project • Vision: “Two Bridges, One Project; Two States, One Team” • Values: Speed • Superior Value • Stakeholder Opportunity • Safety • Sustainability
Key Areas of Focus • Reducing cost • Leaner design • Project innovation and schedule compression • Moving at the speed of business • Time is money • Exploring the funding alternatives • Addition of tolling to the Project • Identifying the path to procurement • Very strong private sector interest
Project Financing: Revenue Approach • 2003 - ROD did not include tolling • 2010 - Financial plan updates confirmed need for tolls • Current plan contemplates tolling on all project river crossings: • East End Bridge • New Downtown Bridge • Rehabilitated existing I-65 Kennedy Bridge • High speed, all-electronic non-stop tolling will be used • Existing I-64 and US 31 bridges will not be tolled • Authority has identified target toll rate for frequent users in the $1.00 range
Record of Decision--Revisited • Impact of tolling • Cost-saving design adjustments • Passage of time
Current Work—Parallel Tracks • SEIS process (environmental) • Objective: amended Record of Decision • Evaluation of alternatives that considers: • Purpose and Need • Addition of tolling • Cost-saving design adjustments ($1.2 billion) • Options Analysis process (procurement) • Objective: a bankable commercial structure • Evaluation of delivery options that considers: • Value for money; efficient risk allocation • Legal framework
Advancing to Procurement July 2010 – Market Sounding Feb. 2011 – Individual Firm Meetings • Solicitation of Market Interest • Specific Delivery Option Discussions Summer 2011 – Options Analysis • VfM Comparison of Options September 2011 - RFI • Clarify pre-procurement issues 4Q 11 – Issue RFQ • Solicit Qualifications for Short Listing 2012 - RFP • Procurement proceeds subject to NEPA • Price & Schedule Proposals Contractor Selection • Contract Award – Begin Construction
Significant Market Opportunity • Industry Forum held in Louisville on February 16-17 • Over 900 registrants: • Major contractors, developers and investors • 6 of Top 10 U.S. Contractors in attendance* • 70 percent Kentucky and Indiana businesses • Numerous regional DBE firms *Based on 2010 Engineering News-Record rankings
Key TakeawaysIndividual Firm Meetings • Impressed with bi-state collaboration • Need for single project “owner” representing both states • Construction schedule can be accelerated materially, especially through alternative project delivery • Significant market capacity and appetite for project of this size • Local/regional/DBE businesses will play key role in project delivery
Key TakeawaysIndustry Forum Networking Session • Roundtable discussion sessions involving more than 100 participants • Strong desire to understand the procurement approach • Important to continue outreach to local/DBE businesses • Need for frequent sharing of information about project • Facilitated team-building and sharing of ideas between large firms and local companies • Significant need for local talent and resources to complete a project of this magnitude
Expected Benefits of Project • Improved Safety and Congestion Relief • Nation’s11th worst bottleneck; 2 accidents/day; 3 fatalities/year • New bridges will add 9 additional lanes of capacity and allow speeds to increase from 17 mph to 45 mph • Jobs • Thousands of construction jobs per year during construction phase • Increased demand for goods and services • Thousands of new jobs added for decades to come • Commerce/Economic Growth • Build on strengths as an important logistics and transportation hub • Will locate River Ridge within 10 minutes of 3 interstate systems
ACEC IndianaIndianapolisNovember 15, 2011 Steve Schultz, Executive DirectorLouisville and Southern Indiana Bridges Authority