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Innovative Finance & Delivery in Ohio

Innovative Finance & Delivery in Ohio. Mike Wawszkiewicz P3 Project Manager. $ 1.6 Billion – Over Budgeted Construction $10 Billion – Projects in Development. OHIO NEEDS:. ODOT needs to get creative & be innovative to begin to fill the gap. Helping Meet the Needs. X Y S Z R

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Innovative Finance & Delivery in Ohio

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  1. Innovative Finance & Delivery in Ohio Mike Wawszkiewicz P3 Project Manager

  2. $1.6 Billion – Over Budgeted Construction • $10 Billion – Projects in Development OHIO NEEDS: ODOT needs to get creative & be innovative to begin to fill the gap

  3. Helping Meet the Needs X Y S Z R V I T V G S O Q J H E G X F PUB M M F T K L R L B S H J E KAI FL P F S E L E G I S L A T I O N FZ QR J BKI P E K I M K Z X K M R I Z S P H JT U Y HVC H I V E X V X E L W A B B O E U N L I C G E C F B M N V Z Q E E M Q N L X N E W N O T K C I D G S N O R C J K D E I M PRIVA O P P Y L U P R Q C H Z A L B CG N S N I J Y K O Q G S J Z K A G Z E Z Z Y C T H V M T G I L E O R G A N I Z A T I O N O F I G C A T R C O I O P F K X H Y O M P S W P X L W N P Y P N D K E D L K E W W XO G S G V P D U D X L T K B Y U L M W K Y P Q E S A N O Q J R X L M P Y L Q W X W W S F E M S X P I M P L E M E N T A T I O N C E I R B C F J V Y Y H G L X J R C H L K I X A X H Q Z M V J O Q B L Y L H V L C P V O E M C R J U D U G R L T A N H W N P M G Y Y L Q J OK

  4. P3 LegislationORC 5501.70-5501.83 Allows ODOT to deliver P3 projects • Allows ODOT to solicit, receive, consider, evaluate, and accept bids and proposals for P3 projects. • A P3 may cover any aspect of a transportation facility, from development, to construction, to operation of the facility. • Provides for flexibility in surety requirements. • Allows for multi-party agreements which may include political subdivisions. • Establishes both required and permissive elements for a public-private agreement including assessment of user fees.

  5. ODOT P3 Policy • Provides for consistent, transparent and efficient framework for procurement. • Identifies payment types and position in ODOT debt waterfall. • Sets forth available delivery mechanisms. • Provides process for solicited and unsolicited proposals. • Allows for payment of proposal development fee or stipend. • Identifies the Division of Innovative Delivery as the division with primary responsibility for implementation. • Posted on ODOT Division of Innovative Delivery Website: http://www.dot.state.oh.us/Divisions/InnovativeDelivery

  6. DID Organization Director Jerry Wray a Steering Committee Assistant Directors Chief of Staff Assistant Director Greg Murphy Deputy Director Jim Riley Consultant Contracts TFAC - HNTB/E&Y TFAC – PFM/HMM Turnpike – KPMG/PB/A&O Portsmouth – CH2/E&Y BSB – HNTB/KPMG Working Groups/IDTTs Construction, Communication, Planning, Engineering, Finance, Maintenance, District Representatives, Chief Legal Julie Brogan Mike Wawszkiewicz Adam Sheets Tim Biggam

  7. Standard Operating Procedures • Availability payment transactions. • P3 Capital Project Delivery Roles and Responsibilities. • P3 Policy Board - comprised of the Director and Assistant Directors; will have final authority on all P3 issues. • Divisional Approval Committee (DAC) - comprised of Division and District Deputy Directors; makes recommendations on P3 policy • Project Screening Working Group (PSWG) - Conducts high level screening of all projects and a detailed screening of projects which advanced beyond the high level screening. • Contract Document Working Group (CDWG) - Controls the development of Model/Programmatic Contract Documents • Innovative Delivery Transactional Team (IDTT) - Led by a Division Innovative Delivery Project Manager; comprised of CO/District staff with clearly defined responsibilities to deliver a P3 capital project

  8. P3 Policy Board • Director & Assistant Directors Division Approval Committee (DAC) • DD of Innovative Delivery • Chair • DD of Engineering • Permanent • DD of Planning • Permanent • DD of Construction • Permanent • DD of Finance • Permanent • Chief Legal Counsel • Permanent • DD of District 12 • Rotating • DD of District 8 • Rotating • Project Screening Working Group (PSWG) • Mike Wawskiewicz Contract Document Working Group(CDWG) Adam Sheets • Innovative Deliver Transaction Team(IDTT) • IDTTPortsmouth Bypass • IDTTBrent Spence Bridge • IDTTCleveland InnerbeltBridge • IDTTTurnpike

  9. Innovative Delivery Transaction Team(IDTT) • IDTTPortsmouth Bypass(PSB) • IDTTBrent Spence Bridge(BSB) • IDTTCleveland Innerbelt Bridge (CIB2) • IDTTTurnpike(TP)

  10. Implementation • Screening • Costs • O&M Potential • Priority Project • Ripe (Project Status) • Sufficient time and staff • Prioritization • Value for Money • Procurement

  11. Innovative Delivery – P3 Projects • Turnpike - Study Completed • InnerbeltBridge Contract Group 2 - Procurement Documents Being Developed • Portsmouth Bypass - Value for Money Analysis in Progress (completion in January 2013) • Brent Spence Bridge - Value for Money Analysis in Progress

  12. Turnpike Consultant Team • Studied Leveraging • Do Nothing • Governance – ODOT Control • Full Concession • Everything in Between • Evaluated best Public option vs. Public-Private option • Current Tolling Policy • Over the past 20 years, Turnpike toll rates increased > inflation • The Turnpike still has one of the lowest toll rates among comparable roads • Tolls were last increased in January 2012. • Analysis Considered • Public-Private Option: Toll increase cap of inflation, or increase in CPI, estimated at 2.7% • Public Option: Toll increase cap of inflation based on bond covenants for at least 10 years • Future toll increases - follow the tolling policy in OTC’s Master Trust Agreement • Local E-ZPass Freeze – for local auto trips < 30 miles

  13. Cleveland Innerbelt – Construction Contract Group 2 DBFDemolition and Eastbound Bridge • 1.5 Miles of Roadway Improvements • 70,000+ Vehicles per Day • Design-Build-Finance (DBF) • Accelerate start of construction by over 2 years with negligible cost difference • Efficiencies in combining Demolition and Construction Contracts • Shorten duration of bi-directional traffic on single bridge (2-lane EB/4-lane WB) • Roadway User Cost Savings of over $25 Million

  14. Scioto County SR-823 “Portsmouth Bypass” • Availability Payment Model • Guaranteed fixed price for construction and O&M • Accelerate Completion By 8 Yrs • TIFIA Application Submitted • VfM Analysis – Completion in January 2013 • 16 mile Greenfield • 19,800 vpd • DBFOM • Combine with paving

  15. Brent Spence Bridge (I-71/I-75 Improvements) • ~$2.5B ODOT-KYTC Project • Approximately 8 miles of roadway improvements • Current: 160,000 vpd(11% Trucks) • 2035: 235,000 vpd • FONSI Approved - July 2012 • Value for Money Analysis – Early 2013 • Tolling Analysis – Early 2013 • Potential DBFOM with Tolling/Availability Payment • TIFIA LOI to be submitted in 2013

  16. Study Area • Study area 3.21 sq. miles • Project length 7.8 Miles • 5.1 miles (26,807 ft) in KY • 2.7 miles (14,256 ft) in OH • Existing bridge length • 1,736.5 feet • 4% of project length • ~$2.5B ODOT-KYTC Project

  17. Building the Brent Spence Bridge Corridor Steps To Building Our Bridge 2015

  18. Questions? Mike Wawszkiewicz Phone # 614.728.4585 michael.wawszkiewicz@dot.state.oh.us Jim Riley Phone # 614.387.5183 jim.riley@dot.state.oh.us

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