The Arizona Department of Transportation (ADOT) announced today it has shortlisted three developer teams vying for the $1.9 billion design-build-maintain contract for the Loop 202 South Mountain Freeway Project. The three multidiscipline teams, in alphabetical order, are:
- Connect 202 Partners
- Fluor Enterprises Inc.
- Granite Construction Co.
- Ames Construction Inc.
- Parsons Brinckerhoff Inc.
- DBi Services LLC
- AZTEC Engineering Group, Inc.
- Stanley Consultants
- Kleinfelder Group, Inc.
- AMEC Environmental & Infrasstructure, Inc.
- The Transtec Group
- Gunn Communications, Inc.
In the modern U.S. history of public-private partnerships, the prevailing project delivery models have been the toll concession and the availability payment contract. In both cases, the private party raises equity and debt financing and takes responsibility and risk for completing design, constructing and providing long-term operations and maintenance. The major difference between the two is that in the toll concession the private party takes the revenue risk and secures its debt with project toll revenues, while the public owner takes the project revenue risk under an ...
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