Illinois Requests Proposals for Illiana Project
November 8, 2013 — Illinois Department of Transportation (IDOT) says it has issued its Request for Qualifications today to develop the Illiana Highway Corridor project for Illinois.
IDOT’s request invites written explanations by private parties about their qualifications to design, build, finance, maintain and operate the Illinois share of the proposed Illiana project.
The Illiana Corridor is a proposed 47-mile access controlled highway that would connect I-55 in Illinois on the west to I-65 in Indiana on the east, with a preferred corridor route located in Will County, Illinois and Lake County, Indiana.
It says interested companies and project teams may submit a Statement of Qualifications that will be used to determine eligibility in a Public Private Partnership (P3) process, as the Indiana portion will be developed later under a separate P3 project with procurement by the Indiana Finance Authority and the Indiana Department of Transportation (INDOT).
IDOT and INDOT are collaborating to coordinate technical requirements, tolling policy, federal environmental approval process and construction schedules for the project.
IDOT says it wants private sector participation to spur innovation to bring delivery of the Illiana more quickly, efficiently and at less cost, utilizing an Availability Payment structure, used when a private developer designs, constructs, operates, and maintains an otherwise public roadway for a set period of time and receives set payments for the availability of the facility based on meeting performance criteria. IDOT says that financing options can include private equity, taxable debt, federal credit assistance such as TIFIA, and private activity bonds.
The Illiana’s projected cost is $1.3-billion.
IDOT has an outreach event for Disadvantaged Business Enterprises (DBEs) and other industry firms interested in bidding on work for the project. The event intends to help potential subcontractors meet and create relationships with potential prime contractors. It occurs December 4, 2013 at the Holiday Inn Hotel and Conference Center in Joliet.
The federally mandated DBE Program provides contracting opportunities to small businesses owned and managed by socially and economically disadvantaged individuals who are certified under federal DBE guidelines.
For more information about the project and Outreach Event and how to register, visit www.IllianaCorridor.org/P3.
The RFQ and submission requirements are posted on the official procurement site for state projects at www.dot.il.gov/desenv/transprocbulletin.html.