ALDOT seeks P3 for Mobile River Bridge project

Alabama- The Alabama Department of Transportation (ALDOT) is moving ahead with plans to create a public-private partnership (P3) for the Mobile River Bridge project on Interstate 10. Estimates put the total price of the project in the range of $850 million to $1.5 billion. ALDOT hopes to use a design, build, finance, operate and maintain model and create a toll for the six-lane highway. The government entity would give all duties for the project to a private entity.
In exchange, the private entity is entitled to collect fees from drivers and/or payments from the government entity to recoup its investment. Control of the road is returned to the government entity after the agreed upon payback period. In the fall, ALDOT plans to issue a request for qualifications followed by a request for proposals in 2018. A rough timeline for the project sets construction to begin in 2019. The bridge is expected to be 12,000 feet long and 215 feet high to allow for ships to travel underneath.