The Jefferson Parkway Public Highway Authority (JPPHA) Board of Directors announced that three teams have been shortlisted for the Jefferson Parkway P3 Project, according to a 21 December press release.
The three teams, listed below, were selected during the JPPHA 20 December board meeting.
-Jefferson Beltway Connection Partners (Kiewit, DIF and Northleaf)
-Jefferson Expressway Group (ACS, Hochtief, Flatiron, WSP)
-Colorado Front Range Connectors (AECOM, Shikun & Binui, John Laing)
The teams were selected out of five that issued responses to a 7 September Request for Qualifications (RFQ). JPPHA will now issue the Request for Proposals (RFP) to the three teams, which is expected to come between 19 February and 6 March, 2019.
Final submissions detailing plans for engineering, construction, finance and operations are due in in late October and the authority hopes to select a preferred proponent and reach financial close before the end of the year.
Construction is expected to begin in early 2020 and will take two years.
Through the procurement, JPPHA is soliciting a private partner to design, build, finance, operate and maintain the Jefferson Parkway, the last unbuilt segment of the metro Denver beltway, as previously reported. The project, which will operate as a toll road, will be done as a 100% revenue-risk transfer to the private partners.
Jefferson Parkway is expected to be a 9.2-mile long, four-lane limited access toll highway extending from SH 128 on the north end to SH 93 on the south end.