The Indiana Department of Transportation has announced the winning contractor to finance, build, and maintain section 5 of the new interstate running through Monroe County. Section 5 of I-69 stretches from the south side of Bloomington to Martinsville. Sections 1 through 3, connecting Evansville with the Crane Military base, is complete and in operation. Section 4, from Crane and intersecting with State Road 37 just south of Bloomington, is under construction. The contracting consortium for Section 5 is called I-69 Development Partners. Will Wingfield, from the Office of Communications at the Indiana Department of Transportation, elaborates on the contract.
“The lead company is from Spain and has partnered with local contractors to do the work necessary to build and maintain I-69,” Wingfield says.
Isolux Infrastructures is part of Isolux-Corsan, a multi-national, privately-held company based in Spain, with operations primarily in Latin America but also in the U.S., and several billion euros in annual income. Now Indiana will add to these receipts.
“The private company will finance the product,” Wingfield says, “The idea behind that is that it allows us to do the project more quickly and realize the benefits of it. I know there’s been a concern about safety in Bloomington once I-69 opens and some of those payments are towards overpasses in that area.”
According to the Associated Press the contract for Section 5 stipulates that the state will make an initial $80 million down payment to the contractor and, once complete, pay it $21.8 million a year for 35 years, for a total of $407 million. The estimated cost to the contractor for Section 5 is $325 million. Wingfield did not confirm or deny these figures, but stated that the final terms of the deal are still to be worked out. None of the three sub-contracting firms are based in Bloomington or Martinsville, the anchors of Section 5.
“There were some local companies that submitted proposals, but our reason for a competitive proposal process is to get innovative ideas, the best technical solutions, and of course to get the lowest cost,” Wingfield says, “The highest scoring proposal was the lowest cost proposal that also met all the requests.”
Wingfield says he is unaware of any local companies that may be included in the construction contract. He anticipates that construction on Section 5 of I-69 will begin later this year, and open for traffic by the end of 2016.