This document compares the estimated costs of completing a project through a public-private partnership (P3) versus state control. Under the P3, the total estimated cost is $590 million, which includes $510 million in net present value of availability payments over 35 years and $80 million in milestone payments during construction. Under state control, the total estimated cost is $562 million, which accounts for state costs, debt service, operations and maintenance, lifecycle costs, and budgeted and developer contributions.
This document compares the estimated costs of completing a project through a public-private partnership (P3) versus state control. Under the P3, the total estimated cost is $590 million, which includes $510 million in net present value of availability payments over 35 years and $80 million in milestone payments during construction. Under state control, the total estimated cost is $562 million, which accounts for state costs, debt service, operations and maintenance, lifecycle costs, and budgeted and developer contributions.
Original Description:
The state says it will save nearly $30 million by taking the project over.
This document compares the estimated costs of completing a project through a public-private partnership (P3) versus state control. Under the P3, the total estimated cost is $590 million, which includes $510 million in net present value of availability payments over 35 years and $80 million in milestone payments during construction. Under state control, the total estimated cost is $562 million, which accounts for state costs, debt service, operations and maintenance, lifecycle costs, and budgeted and developer contributions.
This document compares the estimated costs of completing a project through a public-private partnership (P3) versus state control. Under the P3, the total estimated cost is $590 million, which includes $510 million in net present value of availability payments over 35 years and $80 million in milestone payments during construction. Under state control, the total estimated cost is $562 million, which accounts for state costs, debt service, operations and maintenance, lifecycle costs, and budgeted and developer contributions.
Cost- Assuming P3 to completion Cost- Assuming State Completion of Project
Costs Costs Net Present Value (NPV) of Availability Payments (APs) to be INDOT Costs made for 35 years after completion Includes cost to complete funding APs include debt service cost, Operations & NPV of debt service cost Maintenance, Lifecycle and profit for developer NPV O&M/ Lifecycle Milestone Payments during construction Budgeted State Contribution Originally budgeted for Milestones Calculation Developer Contribution- Cash Inflow NPV APs $510m Milestones $80m Calculation Total $590m INDOT Costs $212m NPV of Debt Service $191m NPV O&M/ Lifecycle $129m Budgeted State Contribution $80m MINUS: Developer Contribution ($50m) Total $562m