Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly equipment news

Construction News

Thu September 20 2018

Related Information
Related Information

News » US » Preferred bidder named for $1.4bn Michigan highway » published 11 Sep 2018

Preferred bidder named for $1.4bn Michigan highway

Michigan Department of Transportation (MDOT) has named Oakland Corridor Partners as the preferred team of designers and contractors to rebuild and maintain the final segment of the I-75 modernization.

The principal equity partners in the team are Aecom and John Laing. The construction partners are Dan’s Excavating, Ajax Paving Industries, Jay Dee Constructors and CA Hull. Aecom Great Lakes is lead designer.

The final cost of the segment, which is subject to adjustment prior to financial close, is currently estimated at US$1.4bn.

The work consists of the rebuilding more than five miles of pavement, modernizing the freeway and improving 28 bridges between M-102 (Eight Mile Road) and 13 Mile Road in the communities of Hazel Park, Madison Heights, and Royal Oak. Also included is a safety upgrade that separates traffic entering northbound I-75 from I-696 and northbound I-75 traffic exiting at 11 Mile Road. In addition, MDOT is constructing a 14-foot-diameter drainage tunnel to mitigate future flooding concerns.

The project is being carried out under the design-build-finance-maintain (DBFM) contracting model. "The staff overseeing the creation of this unique contracting method worked tirelessly analyzing different options to determine that the DBFM model would provide the best project for Michigan in terms of innovation and delivery while meeting the project goals and objectives," said state transportation director Kirk Steudle. "In agreements that transfer maintenance responsibilities to a private party, the public owner benefits from guaranteed performance standards and long-term pricing that is locked in throughout the agreement."

Financial close is expected to take place by the end of the calendar year.  

 

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Equipment News, & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 11 Sep 2018 (last updated on 17 Sep 2018).

More News Channels