Skanska team selected for $2.3 billion Florida P3 highway project

An elated I-4 Mobility Partners team after the selection!

For Florida’s biggest-ever transportation project – the $2.3 billion task of rebuilding and expanding a congested stretch of Interstate 4 through Orlando – the Florida Department of Transportation has chosen a Skanska consortium, I-4 Mobility Partners. This public-private partnership assignment includes design, build, finance, operate and maintain responsibilities. Contract negotiations are underway, with construction expected to start in early 2015 and conclude in 2021, with an O&M contract term of 40 years.

I-4 Mobility Partners is led by Skanska (50 percent) and John Laing (50 percent) for equity investment and financing; Skanska (40 percent), Granite (30 percent) and Lane (30 percent) for construction; HDR and Jacobs for design; and Infrastructure Corporation of America for operations and maintenance.

“In partnership with Florida DOT, our world-class team will deliver the best value solution to the Orlando region’s residents and businesses, and to the millions of international visitors to this globally popular destination,” said Karl Reichelt, Skanska Infrastructure Development executive vice president. “Safety will be improved, and the corridor will enable efficient travel in a sustainably and economically built corridor that uniquely reflects Central Florida in its design.”

Added Sal Taddeo, USA Civil executive vice president: “This project will enhance the quality of life for the community and provide commuters with a great travel experience. FDOT is one of our best clients and we will not let them down.”

The project includes reconstructing 15 major interchanges; constructing more than 145 bridges; adding four variable priced toll Express Lanes in the median; and completely rebuilding general use lanes along the entire 21-mile corridor. This animation on the Orlando Sentinel website shows how this project will transform this section of Interstate 4.

Florida’s Turnpike Enterprise will administer free-flow tolling via its SunPass program. The project is expected to be financed using equity, debt and a loan as part of the U.S. DOT Transportation Investment and Financing Innovation Act (TIFIA).

This is Skanska’s second P3 project in the U.S.: Construction is underway on the $2.1 billion Elizabeth River Tunnels project in southeastern Virginia.

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