Ohio DGS 2015 Presentation - Internet of Things - Ray Bonini
Introduction to P3 Bootcamp Michael Bonini, PennDOT Dale Bonner, Plenary Group.
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Introduction to P3 Bootcamp Michael Bonini, PennDOT Dale Bonner, Plenary Group
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Transcript of Introduction to P3 Bootcamp Michael Bonini, PennDOT Dale Bonner, Plenary Group.
Introduction to P3 Bootcamp
Michael Bonini, PennDOTDale Bonner, Plenary Group
Rapid Bridge Replacement Program
www.P3forPA.com
P3 Connect 2015
RBRP - Project Overview
• PA has over 31,000 State and Local Bridges– Average age is in excess of 50 years– PA leads the nation in % of Structurally Deficient (SD)
bridges
• Improvement is key priority for safety and system wide mobility– 1,600+ SD bridges have already been replaced– 4,350+ SD bridges are still remaining
• P3 legislation passed in 2012 to accelerate investment and enhance project delivery options
• Act 89 passed in 2013 provides $2.3 billion per year of additional capital for investment in all modes of transportation
www.P3forPA.com
RBRP - Project Overview
• Rapid Bridge Replacement Program (RBRP) is the first P3 project for the Commonwealth of PA
– Project was approved by the Commonwealth’s Public Private Transportation Partnership Board in September 2013
• Project includes the design, demolition, construction, financing and routine maintenance/ lifecycle maintenance for 558 structurally deficient bridges across Pennsylvania (geographically dispersed)
www.P3forPA.com
Why P3?
• Accelerate replacement of SD bridges
• Maximize efficiencies / economies of scale to deliver more projects
• Minimize impact to traveling public
• Improve connectivity and mobility for commerce
• Establish P3 as a viable way to get projects done
www.P3forPA.com
RBR Program Snapshot
www.P3forPA.com
Authority Pennsylvania Department of Transportation
Consortium Plenary Walsh Keystone Partners
Financial Close
March 2015
Substantial Completion
December 2017
Status Construction
Total Capital Cost
US$1.1 billion
Design-Builder
A joint venture of Walsh Construction Company and Granite Construction Company
O&M Provider
Walsh Infrastructure Mgmt.
Equity Provider
Plenary Group (80%), Walsh Group (20%)
P3 Arrangement
• Transaction Highlights:– 1 DBFM Contract
– 558 bridges will be replaced within 3 years
– PennDOT maintains ownership, but the Development Entity is responsible for maintaining each bridge for 25 years after replacement
• 28 Year Contract (w/ 25 year maintenance term per bridge)
www.P3forPA.com
RBRP Timeline 2013September P3 Board Approves Project2014February 5 Statements of Qualifications (SOQ) ReceivedMarch Announcement of 4 Short-listed TeamsJune Approval of $1.2B US DOT PAB’s AllocationAugustFinal Request for Proposals (RFP) IssuedSeptember Proposals ReceivedOctober Announcement of Preferred Bidder2015January Commercial Close AchievedMarch Financial Close AchievedJune Construction Begins
www.P3forPA.com
Project Costs
Cost Element Total Cost
Design Costs $80,000,000
Preliminary Engineering Costs $33,700,000
Construction Engineering & Inspection Costs $12,000,000
Right of Way Costs $6,300,000
Utilities Costs $300,000
Approach Costs $205,000,000
Bridge Costs $561,700,000
Design & Construction Costs $899,000,000
Other Costs During Construction
Oversight / Development Costs $67,219,740
Maintenance / Lifecycle Costs During Construction $3,205,819
Financing Costs During Construction $144,824,476
Total Project Costs $1,114,250,035
www.P3forPA.com
Contact Information
Public-Private Transportation Partnership (P3) Office
Michael Bonini, Director(717) 772-4664
www.P3forPA.com
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Successful P3
Clearly defined public and private roles and responsibilities
Broadly available through a process that balances transparency and efficiency
Appropriate Project Agreement
Champion the project and process
Sustain political support through broad stakeholder outreach and education
Highly Motivated Government Sponsor
Policymakers’ commit predictable revenues
Public understands value received in return for user fees or availability payments
Economically Viable
Reflecting broad consensus on need and objectives
Clearly Defined,High Priority Project
Advance preparation including key public and private stakeholders
Clear decision-making roles and timetables, communicated to key stakeholders
Transparent scoring and selection of winning team
Clearly Defined,Fair Process
Certainty of completion driven by broad public and political awareness and support
Project Predictability
Key Ingredients of Successful P3s
