CDM Constructors, Inc.
Denver, CO 80202
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TxDOT Manages Lanes with P3 Procurement
Project Information
- Project Location:
- Dallas, TX
- Status:
- Completed
- Structure Type:
- Road / Highway
References
- Client:
- John Muñoz - P3 Procurement Advisor
Scope Of Work
Innovative financing and delivery approaches helped the Texas Department of Transportation (TxDOT) harness private-sector creativity in Dallas-Fort Worth.
Harnessing Private-Sector Creativity in Dallas-Fort Worth
Congestion relief is on its way for the Dallas-Fort Worth (DFW) Metroplex. TxDOT is adding managed lanes and widening portions of State Highways 183, 114, and Loop 12 in Dallas through a public-private partnership (P3) and design, build, finance, operate and maintain agreement with consortium developer SouthGate Mobility Partners. By harnessing private-sector creativity, TxDOT is greatly enhancing mobility and connectivity between both downtowns and to the DFW International Airport.
Before securing the deal, TxDOT had tried twice before to procure a P3 but ran into the 2008 financial market collapse and, later, developer hesitancy to bid on a full revenue and risk transfer concession. In 2013, TxDOT turned to CDM Smith and a team of financial and legal advisors to manage the procurement’s successful completion. As one of the largest and most complex projects in Texas transportation history, several unique procurement approaches were developed to meet TxDOT’s objectives.
