Executive director for the Jefferson Parkway Public Highway Authority (JPPHA) Bill Ray has confirmed to P3 Bulletin the authority is gathering data to determine financial feasibility by the end of March.
Ray, who is also the deputy city manager of the city of Arvada, said: “Presuming a 'go' decision, the project development phase would begin leading to a procurement plan ready for implementation by early fall 2018.”
Project procurement will commence thereafter, with selection of a private partner, concession negotiations and financial close by later summer 2019.
This effort is being led by Don Hunt, former Colorado Department of Transportation director serving as strategic advisor to the authority.
CDM Smith is performing the traffic and revenue study, EY is serving as financial advisor, and HDR is providing updated cost estimates.
The mission of the JPPHA is to develop the last unbuilt 10 mile section of the Denver Metro beltway system through creation of a P3.
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