Central 70 (Colorado)2018-04-16T14:10:26-08:00

Central 70 (Colorado)

The $1.2 billion project will reconstruct a 10-mile stretch of I-70, add one new Express Lane in each direction, remove the aging 53-year old viaduct, as well as lower the interstate between Brighton and Colorado boulevards and place a 4-acre park over a portion of the lowered interstate. It is expected to take four to five years to complete.

The project is being delivered as a public-private partnership between Kiewit Meridiam Partners (KMP) and the Colorado Department of Transportation (CDOT). KMP claims it will be able to shave six months off the estimated five-year construction timeline. In its winning bid, the consortium also projected it could deliver the project for $71 million less than CDOT’s original estimate.

KMP will design, build, finance, operate and maintain the project. In addition to shouldering over half of that upfront project cost — $687 million — once the project is done, CDOT will pay KMP $28.4 million annually totaling $1.26 billion over 30 years. CDOT will also pay KMP $7.1 million a year as operations, maintenance and rehabilitation payments.

KMP, for its part, is contributing $65 million of its own equity. Taxpayer-guaranteed government loans make up the remaining $545 million. Construction could begin by late spring.

Angelica Obioha, Infrastructure-Info Staff

Work to begin on Interstate 70 toll project in Denver

Denver Post » Construction is to begin this week on Denver’s Interstate 70 widening project, which includes a tolled express lane in both directions of a 10-mile segment. The project is expected to take four years to complete.

July 29th, 2018|

CDOT’s I-70 deal with private partner will cost an estimated $2.2 billion over 30-plus years, documents show

The Denver Post » Financial terms released Tuesday for the controversial Interstate 70 expansion through northeast Denver show that a partnership agreement will cost the Colorado Department of Transportation an estimated $2.2 billion over the course of more than 30 years.  Kiewit Meridiam was selected in August from among four consortiums that bid to finance, design and build the $1.2 billion construction project, and then operate and maintain the widened 10-mile stretch for three decades. 

November 14th, 2017|

CDOT picks Kiewit Meridiam Partners to lead $1.2 billion I-70 expansion, as project’s controversy simmers

The Denver Post » Kiewit Meridiam Partners rose to the top of the list of four groups that were vying for the public-private partnership, said Colorado Department of Transportation executive director Shailen Bhatt. KMP will design, build and finance the project — known as Central 70 — and operate and maintain it for 30 years.

August 24th, 2017|
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