In what will become the state’s first public-private partnership since the passage of H.B. 114 allowed for such arrangements, the Ohio Department of Transportation recently announced its shortlist of three firms that will compete for a $332 million bridge project in downtown Cleveland, Bond Buyer reports (see our Sep 18, 2012, blog post for more information). The final three firms are Walsh Construction, a team led by Kokosing Construction Company, and a team comprised of the Ruhlin Company, The Great Lakes Construction Company and the Trumbull Corporation, the article said. The state expects to choose a final team by the summer, with construction expected to start either late this year or early 2014, ODOT said. The project’s design-build-finance structure will have the chosen team “build and finance a portion of the estimated $330 million demolition and construction costs,” with ODOT repaying the firm beginning in 2015 through 2019, the article said. For more, read the full story (subscription required).
Bridge project moves Ohio closer to its first public-private partnership
