Location |
State of Missouri |
Project Sponsor / Borrower |
Missouri State Department of Transportation (MoDOT) Jefferson City |
Program Areas |
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Mode |
Bridge |
Description |
There are 10,249 bridges on the Missouri Department of Transportation (MoDOT) system with at least 1,093 in Condition 3 (serious) or Condition 4 (poor). The intention of the Missouri Safe and Sound Bridge Improvement Program is to replace or rehabilitate 802 bridges - currently in serious or poor condition - over a five-year period. Of the 802 bridges, 248 bridges have been selected by MoDOT for rehabilitation. These bridges are currently being put out to bid in groups based on location, type or repair work, or project size. The remaining 554 bridges are scheduled for replacement. MoDOT has grouped these individual projects into one single Design-Build contract. KTU Construction has been selected to complete the construction of these bridges by December 31, 2013. |
Cost |
Total Program Cost Estimate: $700 million Bridges for reconstruction: $487 million (KTU contract quoted price) |
Funding Sources |
Indirect GARVEE bonds (Federal Reimbursement State Road Bonds) |
Project Delivery / Contract Method |
Design-Bid-Build (Rehabilitation) Design-Build (Replacement) |
Private Partner |
Design-Build Contractor: KTU Constructors team
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Project Advisors / Consultants |
None |
Lenders |
Bondholders |
Duration / Status |
As of May 2011, the rehabilitation of 179 bridges (out of 248) has been completed. The design-build contractor has completed the construction of 231 new bridges (out of 554). |
Financial Status |
MoDOT sold indirect GARVEE bonds to pay for the program, with 23 annual payments of approximately $44 million, which is about one-third of the Federal-aid bridge replacement funds it receives each year. These bonds are considered indirect GARVEE bonds because Missouri pledged all Federal-aid construction reimbursements when it issued its debt. |
Innovations |
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Related Links / Articles |
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Contacts |
Robert Brendel |