NEW YORK — WVB East End Partners, the consortium led by Vinci Concessions (33.3 percent) with Walsh Investors (33.3 percent) and Bilfinger Berger PI International Holdings (33.3 percent), has been named preferred proposer for the financing, design, construction, operation and maintenance of the Ohio River Bridges Project’s East End Crossing by the Indiana Finance Authority (IFA).
The East End Crossing is part of the broader Ohio River Bridges Project, one of the largest transport improvements in the United States. On the long-term, both the East End Crossing and the overall Ohio River Bridges project will deliver substantial benefits for the region, the public and end users by creating jobs for individuals, fostering economic development and growth, addressing traffic congestion issues and improving transportation safety.
The public-private agreement is for an approximately 2,500-foot-long cable-stayed bridge across the Ohio River that will link Louisville, Ky., to Southern Indiana; a 1,680-foot-long twin-bore tunnel on the Kentucky approach to the bridge; and 19 additional bridges, along with associated roadway improvements and other related infrastructure work. The new East End Bridge will be located about 8 miles from downtown Louisville, connecting the Gene Snyder Freeway to the Lee Hamilton Highway.
Vinci Concessions’ Executive Vice President Fadi Selwan said, “We are delighted to partner with the State of Indiana to deliver this major transportation infrastructure that will bring about significant benefits for the people of Southern Indiana and Northern Kentucky in terms of safety and mobility, while helping spur economic development across the region.”
The works, scheduled to take 3.5 years, will be executed by a design-build joint venture including Chicago-based firm Walsh Construction (60 percent), Vinci Construction Grands Projets (40 percent) and Jacobs Engineering for the engineering works. Construction is set to commence in the summer of 2013 and completion is expected by autumn 2016.
The total value of the contract is around $1 billion. The consortium will be paid through availability payments earned based on network availability.
The consortium, led by Vinci Concessions, will be responsible for the operation, routine maintenance and rehabilitation of a substantial portion of the East End Crossing for a period of 35 years.
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