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
Aurora Sentinel » Aurora officials have had a mixed response to the I-70 expansion in the years since the City Council sent a letter to Don Hunt, former director of CDOT, expressing approval for the project in September 2014. To the east — through Aurora — is actually the highway’s busiest stretch of road, and one that will see significant construction.
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.
Fox 31 Denver » Crews are less than a year away from beginning work on the most ambitious transportation project in Colorado history. The $1.2 billion Interstate 70 expansion project will widen 10 miles of the interstate from Brighton Boulevard to Chambers Road. Construction will take four to five years.