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Project Profiles

I-93 Reconstruction: Salem to Manchester


Location	Southern New Hampshire
Project Sponsor / Borrower	New Hampshire Department of Transportation (NHDOT)
Program Areas
Mode	Highway
Description	The Rebuilding I-93 Salem to Manchester project involves the reconstruction of a 19.8-mile segment of I-93 in southern New Hampshire from the Massachusetts state line in Salem to the I-293 interchange in Manchester. Improvements include widening the highway, which currently features two general purpose lanes in each direction, to provide four travel lanes in each direction. The project also includes design modifications and infrastructure improvements including the replacement of red-lined bridges at five interchanges and the provision of three new park-and-ride lots, expanded commuter bus service to Boston, and enhanced Intelligent Transportation Systems (ITS).
Cost	$795 million
Funding Sources	GARVEE bonds - $195 million Annual Highway Appropriations State Highway Funds and Turnpike Toll Credits Motor Fuel Tax Revenue bonds
Project Delivery / Contract Method	Design-Bid-Build
Private Partner	None
Project Advisors / Consultants	The Louis Berger Group
Lenders	Bondholders
Duration / Status	FHWA issued a Record of Decision (ROD) for the project in June 2005, but work on the project was delayed by a suit brought against the state and FHWA by the Conservation Law Foundation in February 2006. A supplemental EIS was prepared and ultimately received a Supplemental ROD in May 2010. During this period work that did not necessitate the widening of the highway was completed, including the repair/replacement of seven "red-listed" bridges and the construction of park-and-ride lots. As of July 2010 at total of 12 construction contracts with a total value of $145 million had been awarded, eight of which were complete. The entire project is expected to be complete by 2020.
Financial Status	Initial $80.0 million GARVEE bond transaction issued November 4, 2010. New Hampshire intends to issue an additional $115 in GARVEE bonds for the project in fall 2011.
Innovations	New Hampshire issued the $20,040,000 2010 Series A Bonds as "Build America Bonds" pursuant to the American Recovery and Reinvestment Act of 2009 (ARRA) and will receive subsidy payments from the U.S. Treasury equal to 35 percent of the taxable interest the state pays on them. The $59,960,000 2010 Series B Bonds were issued as "Recovery Zone Economic Development Bonds" pursuant to ARRA and will receive payments from the Treasury equal to 45 percent of the taxable interest paid by the state.
Related Links / Articles	I-93 Project Site NH Statute 228 A - Federal Grant Anticipation Bonds
Contacts	Peter E. Stamnas, P.E. Project Manager New Hampshire Department of Transportation John O. Morton Building 7 Hazen Drive Concord, NH 03302-0483 Phone: (603) 271-2171

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