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ACEC Indiana Indianapolis November 15, 2011 Steve Schultz, Executive Director Louisville and Southern Indiana Bridges Au

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 Indiana Indianapolis November 15, 2011 Steve Schultz, Executive Director Louisville and Southern Indiana Bridges Au

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  1. ACEC IndianaIndianapolisNovember 15, 2011 Steve Schultz, Executive DirectorLouisville and Southern Indiana Bridges Authority

  2. Two Bridges, One Project The Louisville - Southern Indiana Ohio River Bridges Project (LSIORBP)

  3. At A Crossroads

  4. 2003 Record of Decision • Build New Downtown Bridge • Construct East End Bridge • Reconstruct Kennedy Interchange

  5. The Project

  6. Kennedy Interchange

  7. Downtown Bridge • Prescribed alignment: just east (upstream) of, and slight skew with, existing Kennedy Bridge (I-65) • Northbound I-65 traffic

  8. Downtown Bridge Twin Three Tower Cable-Stayed

  9. East End Bridge Two Tower Cable-Stayed

  10. East End Tunnel OHIO RIVER ROSEWELL BELLEVIEW RIVER ROAD DRUMANARD PROSPECT LOUISVILLE ALLISON-BARRICKMAN WOLFPEN BRANCH ROAD

  11. 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

  12. Not Enough Conventional Funding • Federal highway funds come from gasoline tax • Purchasing power of federal gas tax dropping

  13. 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

  14. 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

  15. 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

  16. 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

  17. Bridges Authority’s Strategic Objectives

  18. 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

  19. 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

  20. Record of Decision--Revisited • Impact of tolling • Cost-saving design adjustments • Passage of time

  21. 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

  22. 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

  23. 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

  24. 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

  25. 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

  26. 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

  27. At A Crossroads

  28. ACEC IndianaIndianapolisNovember 15, 2011 Steve Schultz, Executive DirectorLouisville and Southern Indiana Bridges Authority

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