|
What are PPV's?
Public Private Ventures, also known as PPI (Public
Private Initiatives) or PPP (Public Private Partnerships),
are the shared efforts of the public and private sectors
to deliver projects that would not be possible if developed
by either party alone. The public and private parties
involved are generally dependent upon each other for
success and include design/build methods - a project
delivery system that combines design and construction
by a single entity.
Why PPV's?
PPV's are often the solution for projects that have
little or no traditional funding and that require creative
project development. Major components of a PPV include
feasibility studies, environmental processing and permitting,
financing, design, construction and short and long term
operations and maintenance.
HBG Constructors and PPV's
HBG Flatiron is actively pursuing Public Private Partnership
projects across the United States to provide innovative
financing and construction for unfunded or under funded
surface transportation projects.
HBG Flatiron, as part of F&F Constructors, has
been selected for two Public Private Initiative projects
in Colorado totaling over $700 million. Our goal is
to creatively finance, design and build projects that
would otherwise not be constructed or suffer substantial
delays getting to construction under traditional funding
programs. If you would like more information regarding
our public private ventures, please contact Greg Henk
(949) 589-3343.
I-70 - Denver, CO
Background:
This project was selected and awarded by the Colorado
Department of Transportation (CDOT) to F&F Infrastructures
Inc., a joint venture arrangement between HBG Flatiron
and Fluor Daniel. Colorado has a law that allows unsolicited
proposals to be processed by CDOT, which was used for
the I-70 project. CDOT will conduct and pay for the
environmental process which is scheduled to start in
fall, 2002 and take two years. F&F will provide
and pay for engineering support related to the EIS toll
alternative. After the environmental process is complete,
a Comprehensive Agreement will then be executed to fix
our relationship through the financing, design/build
execution, and operations and maintenance (O&M)
of the project.
Project
Scope:
The I-70 PPI project is the construction of new express
toll lanes along I-70 between Peña Blvd. (the
access road to Denver International Airport) and I-25,
the major north-south freeway through the Denver metropolitan
area. These express lanes will have connections with
Peña Blvd, I-225, I-270 and I-25. The proposal
includes preliminary design, financing, design/build
construction, toll facilities and roadway operations
and maintenance for the express toll lanes. The project's
conceptual design/build estimate is $400 million.
C-470 - Denver, CO
Background:
The PPI proposal was submitted on February 19, 2002
to the Colorado Department of Transportation (CDOT)
by F&F Infrastructures Inc., an LLC between Fluor
Daniel and HBG Flatiron. Again, the Colorado that allows
unsolicited proposals to be processed by CDOT, was used
for the C-470 project. F&F was selected on June
20, 2002. CDOT will conduct and pay for the environmental
process, which is scheduled to start in fall, 2002 and
take two years. F&F will provide and pay for engineering
support related to the EIS toll alternative. This agreement
outlines the activities and responsibilities of CDOT
and F&F during this environmental stage. As on the
I-70 project, after the environmental process is complete,
a Comprehensive Agreement will then be executed to fix
the relationship through the financing, design/build
execution, and operations and maintenance (O&M)
of the project.
Project
Scope:
This C-470 PPI project is the construction of four new
High Occupancy Toll (HOT) lanes in the median of C-470
between I-25 and I-70, in the southwest part of the
Denver metropolitan area. The first phase of the project
runs between I-25 and Wadsworth Blvd. and is the focus
of the PPI submittal. These HOT lanes will have connections
with Yosemite Street, Colorado Blvd. and Santa Fe Drive.
The proposal includes preliminary design, financing,
design/build construction, and toll facilities and roadway
operations and maintenance for the HOT lanes. The project's
conceptual design/build estimate is $315 million
Read More:
More
Toll Roads on the Way - Rocky Mountain News
back to top
|
