I-75 P3 On A Fast Track in Michigan

Hoping to accelerate construction of a key highway, Michigan’s term-limited governor has ordered the state’s transportation secretary to issue an RFQ by late November and get responses a month later for the state’s first highway P3—a $600-million, technically simple project to upgrade a 5.5-mile segment of I-75 in Oakland County, northwest of the Detroit metro area.

KPMG has been hired as financial advisor, WSP is program manager, and a legal advisor is expected to be in place soon. The goal is to competitively select a private developer to sign an availability pay development agreement next fall. DBFM delivery was selected to speed the start of the “plain vanilla” project before the end of Gov. Rick Snyder’s second term, which ends on Jan. 1, 2019.

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About Bill Reinhardt

Editor of Public Works Financing newsletter

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