Knik Arm Bridge To Restart As DB

The Knik Arm Bridge and Toll Authority (KABATA) board of directors is expected to cancel its DBFOM availability payment procurement at its Feb. 18 board meeting, opening the way for a new design-build procurement of the $800-million toll bridge from Anchorage to Port MacKenzie.

Citing lower public borrowing costs, Gov. Sean Parnell withdrew his support for the P3 approach a few months ago. He included $55 million to complete the bridge procurement in his fy 2015 budget and set aside a total of $300 million in budget authority for a public finance approach.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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